The Oman Crane Market has declined significantly to USD X in 2020, down -X% compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). Overall, consumption showed a moderate contraction. In 2008, the growth rate was the fastest, and the market value increased by X% year-on-year. As a result, consumption reaches a peak level of X dollars. From 2009 to 2020, the market growth rate remained at a low level.

Oman crane export scale
Overseas shipments of cranes, mobile crane frames fell -X% to X units in 2020, the third consecutive year of decline after seven consecutive years of growth. Overall, however, exports rose slightly. The most significant growth rate occurred in 2015, with an X% year-over-year increase. Exports peaked at X units in 2017; however, from 2018 to 2020, exports failed to regain momentum.

Crane exports shrank sharply to $X in 2020 in value terms. During the review period, however, exports fell sharply. The most significant growth rate was recorded in 2017, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2018 to 2020, export growth remained low.

Saudi Arabia (unit X), United Arab Emirates (unit X) and Kuwait (unit X) were the main destinations for Oman’s crane exports, accounting for X% of total exports.

From 2007 to 2020, among the major destination countries, the most significant growth rate in terms of shipments was achieved by the United Arab Emirates, while exports from other countries experienced more moderate growth rates.

In terms of value, the United Arab Emirates ($X) remains the leading foreign market for Oman’s crane exports, accounting for X% of total exports. In second place is Kuwait ($X) with X% of total exports. It is followed by Saudi Arabia with an X% share.

From 2007 to 2020, the value to the United Arab Emirates has grown at an average annual rate of -X%. Exports to other major destinations recorded the following average annual export growth rates: Kuwait (-X% per annum) and Saudi Arabia (-X% per annum).

Oman crane import scale
In 2020, the number of cranes, mobile cranes imported from Oman dropped significantly to X units, a -X% decrease compared to 2019. Overall, imports fell slightly. The rate of growth was most pronounced in 2018, with an X% increase over the previous year. Imports peaked at X units in 2013; however, from 2014 to 2020, imports decreased slightly.

In value terms, crane imports shrunk significantly to $X in 2020. Imports continued to show a slight decline during the period under review. The most significant growth rate occurred in 2008, with an X% year-on-year increase. As a result, imports peaked at X dollars. From 2009 to 2020, import growth remained low.

In 2020, Jordan (X units) was the largest crane supplier to Oman, accounting for X% of total imports. In addition, cranes imported from Jordan were five times higher than the number recorded by the second largest supplier, the United Arab Emirates (X units). Third in the ranking is Saudi Arabia (X units) with an X% share.

From 2007 to 2020, Jordan’s export volume has grown at an average annual rate of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: United Arab Emirates (-X% per annum) and Saudi Arabia (+X% per annum).

China (USD X) is Oman’s largest crane supplier by value, accounting for X% of total imports. In second place is the United Arab Emirates ($X) with X% of total imports. It is followed by Saudi Arabia with an X% share.

From 2007 to 2020, the average annual growth rate of value from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: United Arab Emirates (-X% per annum) and Saudi Arabia (+X% per annum).

Statistics of various crane suppliers in Oman
China is Oman’s largest supplier of cranes by value, accounting for 34% of total imports. In second place is the United Arab Emirates with 16% of total imports. It is followed by Saudi Arabia with an 11% share.

In terms of value, the United Arab Emirates remains the main foreign market for Oman’s crane exports, accounting for 80% of total exports. In second place is Kuwait with 11% of total exports. It is followed by Saudi Arabia with a share of 3.7%.

The average export price of cranes in 2020 was US$79,041 per unit, down -15.3% from the previous year.

In 2020, the average price of crane imports was US$3,009 per unit, down -5.8% from the previous year.

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Oman Crane Market Study 2022