Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman - 2022

Contents:

1. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman (CIF) - 2022
2. Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman (FOB) - 2022
3. Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman
4. Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman (CIF) - 2022

The average import price for electric motors and generators stood at $38,490 per unit in 2022, rising by 1.9% against the previous year. Overall, the import price posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of 177%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($57,438 per unit), while the price for Hong Kong SAR ($94 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+54.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman (FOB) - 2022

The average export price for electric motors and generators stood at $23,196 per unit in 2022, picking up by 166% against the previous year. Over the period under review, the export price saw a mild expansion. Over the period under review, the average export prices reached the peak figure at $31,195 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($47,562 per unit), while the average price for exports to the UK ($2,087 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 Saudi Arabia (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman

In 2022, supplies from abroad of electric motors and generators decreased by -3.3% to 59 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 89%. Over the period under review, imports of reached the peak figure at 61 units in 2021, and then reduced slightly in the following year.

In value terms, imports of electric motors and generators declined to $2.3M in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 426%. Imports peaked at $2.3M in 2021, and then shrank in the following year.

Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Oman in 2022:

1. United Arab Emirates (31.0 units)
2. Qatar (12.0 units)
3. France (2.0 units)
4. United States (2.0 units)
5. Canada (1.0 units)
6. Saudi Arabia (1.0 units)
7. Japan (1.0 units)
8. India (1.0 units)
9. China (1.0 units)
10. Hong Kong SAR (1.0 units)
11. Germany (1.0 units)
12. Kuwait (1.0 units)
13. Spain (1.0 units)

Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Oman

In 2022, approx. 6 units of electric motors and generators were exported from Oman; remaining stable against the previous year. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of electric motors and generators soared to $139K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Oman in 2022:

1. Saudi Arabia (2.0 units)
2. Yemen (2.0 units)
3. United Kingdom (1.0 units)
4. United Arab Emirates (1.0 units)

Source: IndexBox Market Intelligence Platform