Oman: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Oman

In 2023, the Omani continuous-action elevators and conveyors market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption showed prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in Oman

In value terms, continuous-action elevators and conveyors production skyrocketed to $X in 2023 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Oman

In 2023, the amount of continuous-action elevators and conveyors exported from Oman shrank significantly to X units, which is down by X% on the previous year's figure. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2022 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2023. Over the period under review, exports recorded a deep setback. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for continuous-action elevators and conveyors exports from Oman, accounting for a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X units), threefold. Saudi Arabia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for continuous-action elevators and conveyors exported from Oman were the United Arab Emirates ($X), Qatar ($X) and India ($X), with a combined X% share of total exports. Saudi Arabia, Tanzania, Germany and Iran lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the average continuous-action elevators and conveyors export price amounted to $X per unit, surging by X% against the previous year. In general, the export price enjoyed a strong increase. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Oman

In 2023, purchases abroad of continuous-action elevators and conveyors was finally on the rise to reach X units after two years of decline. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports soared to $X in 2023. In general, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) constituted the largest supplier of continuous-action elevators and conveyors to Oman, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2023, 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: India (X% per year) and South Korea (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of continuous-action elevators and conveyors to Oman, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a deep slump. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform