Oman: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Oman

The Omani market for toothed wheels, chain sprockets and other transmission elements soared to $X in 2022, surging 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). In general, consumption saw a pronounced increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Oman

After three years of growth, shipments abroad of toothed wheels, chain sprockets and other transmission elements decreased by X% to X tons in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements reduced markedly to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Oman, with a X% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. Yemen (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Yemen (X% per year).

In value terms, Iran ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the largest markets for toothed wheels, chain sprockets and other transmission elements exported from Oman worldwide, together accounting for X% of total exports. Yemen and Free Zones lagged somewhat behind, together comprising a further X%.

Free Zones, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted mild growth. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Oman

In 2022, supplies from abroad of toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements expanded rapidly to $X in 2022. In general, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Oman, with a X% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Oman, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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