Oman: Boiler Parts Market 2024

Boiler Parts Market Size in Oman

The Omani boiler parts market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate perceptible growth. Boiler parts consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Boiler Parts Production in Oman

In value terms, boiler parts production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Boiler Parts Exports

Exports from Oman

In 2022, shipments abroad of parts of boilers for central heating increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, boiler parts exports shrank remarkably to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for boiler parts exports from Oman, with a X% share of total exports. Moreover, boiler parts exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for parts of boilers for central heating exports from Oman, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%).

Boiler Parts Imports

Imports into Oman

In 2022, overseas purchases of parts of boilers for central heating increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, boiler parts imports contracted to $X in 2022. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), the UK (X tons) and the United Arab Emirates (X kg) were the main suppliers of boiler parts imports to Oman, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest boiler parts suppliers to Oman, with a combined X% share of total imports. The UK, India, Turkey and China lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average boiler parts import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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