Price for Tractors; (Other than Tractors of Heading No 8709) in Oman - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Oman (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Oman (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Oman
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Oman
Price for Tractors; (Other than Tractors of Heading No 8709) in Oman (CIF) - 2022
In December 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $79,595 per unit, jumping by 28% against the previous month. Over the period from January 2022 to December 2022, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in April 2022 an increase of 43% month-to-month. As a result, import price reached the peak level of $87,141 per unit; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($105K per unit), while the price for Pakistan ($10,201 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Oman (FOB) - 2022
In December 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $114K per unit, with an increase of 101% against the previous month. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 133% m-o-m. Over the period under review, the average export prices attained the peak figure in December 2022.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From January 2022 to December 2022, the rate of growth in terms of prices for Yemen amounted to +12.9% per month.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Oman
In 2022, after three years of growth, there was significant decline in supplies from abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -35.1% to 1.5K units. Overall, imports, however, showed a slight increase. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 2.2K units, and then shrank remarkably in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s dropped markedly to $60M in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $88M, and then declined markedly in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 14.5 | 13.2 | 21.0 | 19.7 | 10.8% |
| Japan | 14.0 | 10.2 | 14.3 | 9.7 | -11.5% |
| Germany | 16.8 | 5.1 | 19.4 | 8.9 | -19.1% |
| United Arab Emirates | 9.7 | 14.8 | 15.7 | 7.5 | -8.2% |
| Mexico | 3.9 | 3.8 | 5.5 | 5.5 | 12.1% |
| Spain | 2.3 | 1.3 | 3.0 | 2.0 | -4.6% |
| Singapore | 2.0 | 0.7 | 0.8 | 0.7 | -29.5% |
| Sweden | N/A | 9.5 | N/A | 0.6 | -74.9% |
| Qatar | 0.4 | 0.6 | 0.2 | 0.5 | 7.7% |
| South Korea | 0.6 | 0.6 | 0.8 | 0.5 | -5.9% |
| Poland | 0.1 | N/A | 0.5 | 0.3 | 44.2% |
| Netherlands | 13.7 | 0.3 | N/A | 0.2 | -75.6% |
| United Kingdom | 0.5 | N/A | 0.1 | 0.2 | -26.3% |
| Others | 5.7 | 3.8 | 6.7 | 4.1 | -10.4% |
| Total | 84.1 | 64.0 | 88.1 | 60.3 | -10.5% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Oman in 2022:
- Mexico (286.0 units)
- Belgium (272.0 units)
- Japan (253.0 units)
- United Arab Emirates (147.0 units)
- Germany (128.0 units)
- Poland (45.0 units)
- Spain (33.0 units)
- South Korea (29.0 units)
- United Kingdom (27.0 units)
- Qatar (26.0 units)
- Singapore (25.0 units)
- Sweden (10.0 units)
- Netherlands (4.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Oman
In 2022, shipments abroad of tractors; (other than tractors of heading no 8709)s decreased by -51.9% to 657 units, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 1.9K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tractors; (other than tractors of heading no 8709)s reduced sharply to $13M in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 62%. As a result, the exports attained the peak of $28M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 0.8 | 4.1 | 5.4 | 3.8 | 68.1% |
| United Arab Emirates | 14.9 | 20.1 | 16.1 | 3.7 | -37.1% |
| Iran | 0.1 | 0.1 | 0.3 | 3.6 | 230.2% |
| Others | 1.3 | 3.4 | 1.5 | 1.7 | 9.4% |
| Total | 17.1 | 27.7 | 23.3 | 12.7 | -9.4% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Oman in 2022:
- Iran (321.0 units)
- United Arab Emirates (268.0 units)
- Yemen (40.0 units)
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