Price for Electric Motors; of an Output Not Exceeding 37.5W in Oman - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Oman (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Oman (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Oman
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Oman
Price for Electric Motors; of an Output Not Exceeding 37.5W in Oman (CIF) - 2022
The average import price for electric motors stood at $84 per unit in 2022, falling by -8.8% against the previous year. Overall, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 65%. As a result, import price reached the peak level of $183 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($116 per unit), while the price for Thailand ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Oman (FOB) - 2022
In 2022, the average export price for electric motors amounted to $40 per unit, increasing by 3.9% against the previous year. Overall, the export price saw a prominent increase. The growth pace was the most rapid in 2013 an increase of 124% against the previous year. Over the period under review, the average export prices attained the peak figure at $61 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($182 per unit), while the average price for exports to Saudi Arabia ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Oman
In 2022, overseas purchases of electric motors decreased by -14.8% to 33K units, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 309%. As a result, imports reached the peak of 48K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of electric motors reduced markedly to $2.8M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 323% against the previous year. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 611 | 801 | 2,129 | 971 | 16.7% |
| China | 21.1 | 87.5 | 129 | 213 | 116.1% |
| Germany | 93.0 | 147 | 92.7 | 191 | 27.1% |
| United States | 9.7 | 3,052 | 28.9 | 140 | 143.5% |
| Bahrain | 0.8 | 11.9 | 1.0 | 123 | 435.7% |
| Qatar | 24.8 | 45.8 | 39.9 | 70.6 | 41.7% |
| Japan | 20.6 | 1,035 | 51.8 | 69.8 | 50.2% |
| Others | 677 | 982 | 1,109 | 1,000 | 13.9% |
| Total | 1,458 | 6,162 | 3,580 | 2,780 | 24.0% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Oman in 2022:
- China (9.5K units)
- United Arab Emirates (8.5K units)
- Germany (3.9K units)
- Bahrain (3.8K units)
- United States (2.3K units)
- Qatar (0.7K units)
- Japan (0.7K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Oman
In 2022, approx. 15K units of electric motors were exported from Oman; jumping by 21% compared with 2021. Overall, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 93%. As a result, the exports reached the peak of 29K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of electric motors skyrocketed to $588K in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. As a result, the exports attained the peak of $853K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 82.8 | 54.3 | 108 | 249 | 44.3% |
| Somalia | 0.7 | 19.4 | 32.0 | 60.7 | 342.6% |
| Tanzania | 0.1 | 0.1 | 91.1 | 52.0 | 704.1% |
| Denmark | N/A | N/A | N/A | 14.3 | 0% |
| China | 35.4 | 31.3 | 6.3 | 3.3 | -54.7% |
| Qatar | 95.0 | 24.3 | 25.1 | 2.4 | -70.7% |
| Yemen | 190 | 664 | 107 | 1.3 | -81.0% |
| Others | 127 | 59.5 | 97.2 | 205 | 17.3% |
| Total | 531 | 853 | 466 | 588 | 3.5% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Oman in 2022:
- United Arab Emirates (10.4K units)
- Somalia (1.8K units)
- Denmark (0.4K units)
- Tanzania (0.3K units)
- Qatar (0.1K units)
- China (0.1K units)
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