Oman: Non-Electric Pulley Tackle Market 2022

Non-Electric Pulley Tackle Market Size in Oman

The Omani non-electric pulley tackle market reduced to $X in 2021, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Oman

In 2021, shipments abroad of pulley tackle and hoists, non-powered by electric motor increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports skyrocketed to $X in 2021. Overall, exports, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), India (X units) and Saudi Arabia (X units) were the main destinations of non-electric pulley tackle exports from Oman, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while shipments for the other leaders experienced a decline.

In value terms, India ($X) remains the key foreign market for non-electric pulley tackle exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

In 2021, the average non-electric pulley tackle export price amounted to $X per unit, surging by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Oman

Non-electric pulley tackle imports into Oman reduced to X units in 2021, with a decrease of -X% on the previous year. Over the period under review, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth imports remained at a lower figure.

In value terms, non-electric pulley tackle imports contracted to $X in 2021. In general, imports showed a slight increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of non-electric pulley tackle to Oman, with a X% share of total imports. Moreover, non-electric pulley tackle imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Austria (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Austria (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-electric pulley tackle to Oman, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Norway (+X% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform