After five years of decline, the Oman transport and overhead crane market grew by X% to $X in 2021. But overall, consumption has fallen sharply. Consumption of transport and overhead cranes peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.
In value terms, the production of transport and overhead cranes in 2021 is estimated at X USD at export prices. Overall, production continued to decline significantly. During the period under review, production hit an all-time high of $X in 2018; however, production has remained low from 2019 to 2021.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes fell -X% to X units in 2021, falling for the third consecutive year after two years of growth. Overall, however, exports have grown moderately. The rate of growth was most pronounced in 2017, with an X% increase over the previous year. Exports peaked at X units in 2018; however, exports have remained low from 2019 to 2021.
In value terms, exports of transport and overhead cranes fell sharply to $X in 2021. There was a sudden contraction in exports during the review period. The most notable growth rate occurred in 2017, with an X% increase compared to the previous year. Exports peaked at $X in 2018; however, from 2019 to 2021, exports failed to regain momentum.
China (unit X), India (unit X) and Yemen (unit X) were the main destinations for Omani transport and overhead crane exports, accounting for X% of total exports.
From 2012 to 2021, among the major destination countries, India will see the most significant growth in shipments (+X% CAGR), while other leaders have more modest growth rates.
In value terms, China ($X) emerged as the leading foreign market for Omani transport and overhead crane exports, accounting for X% of total exports. In second place is India ($X) with X% of total exports. It is followed by the United Arab Emirates with an X% share.
Average annual growth in value to China from 2012 to 2021 is relatively modest. Exports to other major destinations recorded the following average annual export growth rates: India (-X% per annum) and United Arab Emirates (-X% per annum).
In 2021, Oman's imports of transport and overhead cranes increased to X units, an increase of X% over the previous year. However, imports continued to show a clear downward trend during the period under review. The fastest growth was in 2013, with imports increasing by X% year-on-year. As a result, imports peaked at X units. From 2014 to 2021, the growth rate of imports will remain at a low level.
In value terms, imports of transport and overhead cranes fell to X dollars in 2021. But overall, there has been a sudden pullback in imports. The fastest growth was recorded in 2013, with an increase of X%. As a result, imports peaked at X dollars. From 2014 to 2021, the growth rate of imports will remain at a low level.
In 2021, Saudi Arabia (X units) is the largest supplier of transport and overhead cranes to Oman, accounting for X% of total imports. In addition, transport and overhead cranes imported from Saudi Arabia were four times higher than the figures recorded by the second largest supplier, China (X units). Qatar (X units) occupies third place in the ranking with an X% share.
From 2012 to 2021, the average annual growth rate of sales from Saudi Arabia will total -X%. The average annual growth rates of imports from the remaining suppliers are as follows: China (+X% per annum) and Qatar (+X% per annum).
China (USD X) is Oman's largest supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is Japan ($X) with X% of total imports. It is followed by Qatar with an X% share.
From 2012 to 2021, the average annual growth rate of value from China totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Japan (-X% per annum) and Qatar (-X% per annum).
China is Oman's largest supplier of transport and overhead cranes by value, accounting for 76% of total imports. In second place is Japan, which accounts for 7.5% of total imports. It is followed by Qatar with a share of 5.6%.
In value terms, China emerged as the main foreign market for Oman’s transport and overhead crane exports, accounting for 65% of total exports. In second place is India, which accounts for 16% of total exports. It is followed by the United Arab Emirates with a share of 9.8%.
In 2021, the average export price of transport and overhead cranes is $1,363 per unit, down -2.3% from the previous year.
In 2021, the average import price of transport and overhead cranes is $918 per unit, down -10.2% from the previous year.
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