The Omani market for pulley tackle and hoists powered by an electric motor contracted remarkably to $X in 2021, with a decrease of -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 saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.
In 2021, Oman's exports of electric pulley blocks and cranes surged to X units, an increase of X% year-on-year. Overall, exports recorded significant growth. As a result, exports have peaked and may continue to grow in the short term.
In terms of value, exports of 2021 electric pulley blocks and cranes dropped rapidly to X dollars. Overall, exports have grown substantially. The growth rate was most pronounced in 2014, with an increase of X%. During the reporting period, exports hit a record high of $X in 2018; however, exports declined slightly from 2019 to 2021.
Những Các Tiểu Vương Quốc Ả Rập Thống Nhất (X units) is the main export destination for motor-driven pulley blocks and cranes from Oman, accounting for approximately X% of total exports. From 2012 to 2021, the United Arab Emirates will grow at an average annual rate of +X%.
In terms of value, the United Arab Emirates ($X) remains the main foreign market for electric motor driven pulley blocks and cranes exported by Oman. From 2012 to 2021, the average annual value growth rate in the United Arab Emirates is +X%.
In 2021, the number of electric pulley blocks and cranes imported by Oman will drop to X units, a year-on-year decrease of -X%. Imports fell slightly during the reporting period. 2014 appears to be the fastest growing year, with imports up X% over the previous year. During the reporting period, imports reached a maximum of X units in 2017; however, imports decreased slightly from 2018 to 2021.
In terms of value, imports of electric motor driven pulley blocks and cranes plummeted to $X in 2021. Overall, however, imports rose slightly. 2019 saw the highest growth rate with an increase of X%. As a result, imports peaked at $X. From 2020 to 2021, the momentum of import growth failed to resume.
In 2021, Ấn độ (X units) is the largest supplier of motor-driven pulley blocks and cranes to Oman, accounting for X% of total imports. In addition, the number of pulley blocks and electric hoists imported from India was more than three times that of the second largest supplier Qatar (Taiwan X). The United Arab Emirates (X units) was third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate from India is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Qatar (+X% per annum) and United Arab Emirates (-X% per annum).
The largest pulley blocks and cranes in Oman by value are powered by motor suppliers, respectively the United Arab Emirates ($X), Free Zones ($X and $X) and India ($X, together accounting for X% of total imports. With a CAGR of +X%, Free Zones has registered the highest growth in import value in terms of key suppliers during the reporting period, while other leading players have seen slower growth in procurement.
In value terms, the United Arab Emirates, Free Zones and India appeared to be the largest pulley tackle and hoists powered by an electric motor suppliers to Oman, with a combined 55% share of total imports.
In value terms, the United Arab Emirates remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Oman.
The average export price for pulley tackle and hoists powered by an electric motor stood at $9.8 per unit in 2021, with a decrease of -99% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $13 per unit, shrinking by -30.7% against the previous year.
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