Price for Tugs and Pusher Craft in Oman - 2021

Contents:

1. Price for Tugs and Pusher Craft in Oman (FOB) - 2022
2. Price for Tugs and Pusher Craft in Oman (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Oman
4. Imports of Tugs and Pusher Craft in Oman

Price for Tugs and Pusher Craft in Oman (FOB) - 2022

The average tugs and pusher craft export price stood at $93,140 per unit in 2022, with a decrease of -14.7% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 53% against the previous year. The export price peaked at $608,388 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,591,900 per unit), while the average price for exports to Qatar ($66,941 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 India (+6.9%), while the prices for the other major destinations experienced a decline.

Price for Tugs and Pusher Craft in Oman (CIF) - 2022

The average tugs and pusher craft import price stood at $2,671,711 per unit in 2022, increasing by 47% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 358%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Qatar ($12,561,871 per unit), while the price for Bahrain ($254,627 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+45.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tugs and Pusher Craft in Oman

In 2022, approx. 1K units of tugs and pusher crafts were exported from Oman; with an increase of 30% compared with the previous year. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 83% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, tugs and pusher craft exports expanded rapidly to $97M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 -9.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 72%. As a result, the exports attained the peak of $107M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Tugs and Pusher Craft from Oman in 2022:

1. United Arab Emirates (599.0 units)
2. Qatar (439.0 units)

Imports of Tugs and Pusher Craft in Oman

In 2022, imports of tugs and pusher crafts into Oman rose rapidly to 9 units, increasing by 13% on the previous year's figure. Over the period under review, imports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 138% against the previous year. As a result, imports reached the peak of 19 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tugs and pusher craft imports surged to $25M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,019% against the previous year. As a result, imports reached the peak of $35M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Tugs and Pusher Craft to Oman in 2022:

1. Bahrain (2.0 units)
2. South Korea (2.0 units)
3. Saudi Arabia (1.0 units)
4. Singapore (1.0 units)
5. United Arab Emirates (1.0 units)
6. India (1.0 units)
7. Qatar (1.0 units)
8. China (1.0 units)

Source: IndexBox Market Intelligence Platform