Price for Non-Furniture Refrigerating or Freezing Equipment in Oman - 2021
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Oman (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Oman (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Oman
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Oman
Price for Non-Furniture Refrigerating or Freezing Equipment in Oman (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $116 per unit, declining by -5.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 when the average import price increased by 15%. As a result, import price reached the peak level of $123 per unit, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($219 per unit), while the price for India ($80 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Oman (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $166 per unit, approximately mirroring the previous year. In general, the export price, however, saw a prominent increase. The growth pace was the most rapid in 2015 an increase of 148% against the previous year. Over the period under review, the average export prices hit record highs at $167 per unit in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($114 per unit), while the average price for exports to Yemen ($20 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 Bahrain (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Oman
In 2022, after three years of growth, there was significant decline in overseas purchases of non-furniture refrigerating or freezing equipment, when their volume decreased by -8.6% to 260K units. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of 284K units, and then declined in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports dropped to $30M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $35M, and then contracted in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 10.8 | 12.8 | 17.0 | 11.9 | 3.3% |
| China | 2.3 | 2.2 | 3.1 | 5.3 | 32.1% |
| France | 0.8 | 2.7 | 0.3 | 3.9 | 69.6% |
| Italy | 2.5 | 1.1 | 2.6 | 1.5 | -15.7% |
| Germany | 0.6 | 0.9 | 0.7 | 1.0 | 18.6% |
| India | 0.7 | 0.4 | 1.1 | 0.9 | 8.7% |
| Brazil | 0.1 | 0.6 | 1.4 | 0.8 | 100.0% |
| Mexico | 0.5 | 0.4 | 0.7 | 0.5 | 0.0% |
| United States | 1.1 | 1.3 | 2.1 | 0.2 | -43.3% |
| Others | 2.9 | 2.7 | 5.9 | 4.1 | 12.2% |
| Total | 22.3 | 25.2 | 34.9 | 30.0 | 10.4% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Oman in 2022:
- United Arab Emirates (135.6K units)
- China (53.8K units)
- France (26.9K units)
- Italy (10.9K units)
- India (10.7K units)
- Brazil (7.9K units)
- Germany (7.3K units)
- Mexico (4.0K units)
- United States (0.9K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Oman
In 2022, exports of non-furniture refrigerating or freezing equipment from Oman shrank dramatically to 18K units, reducing by -48.2% on the previous year's figure. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 2,707% against the previous year. As a result, the exports reached the peak of 35K units, and then reduced notably in the following year.
In value terms, non-furniture refrigerating or freezing equipment exports dropped remarkably to $3M in 2022. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,834% against the previous year. As a result, the exports reached the peak of $5.8M, and then declined significantly in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 68.7 | 0.6 | 324 | 918 | 137.3% |
| Qatar | 174 | 18.2 | 99.5 | 577 | 49.1% |
| United Arab Emirates | 186 | 20.4 | 37.1 | 569 | 45.2% |
| Iran | 74.2 | 4.1 | 123 | 349 | 67.5% |
| Somalia | 18.0 | 0.7 | 5.7 | 35.1 | 24.9% |
| Brazil | N/A | N/A | 5,171 | N/A | 0% |
| Others | 1,513 | 105 | 81.4 | 547 | -28.8% |
| Total | 2,034 | 149 | 5,842 | 2,995 | 13.8% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Oman in 2022:
- Yemen (45.9K units)
- United Arab Emirates (19.0K units)
- Iran (10.2K units)
- Qatar (5.1K units)
- Somalia (1.3K units)
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