Oman: Market for Motorcycles and Cycles With an Auxiliary Motor 2022

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Oman

In 2021, the Omani market for motorcycles and cycles with an auxiliary motor decreased by -28.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced markedly in the following year.

Production of Motorcycles and Cycles With an Auxiliary Motor in Oman

In value terms, production of motorcycles and cycles with an auxiliary motor reduced dramatically to $X in 2021 estimated in export price. Overall, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 186%. Over the period under review, production of reached the maximum level at $X in 2020, and then fell dramatically in the following year.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Oman

In 2021, the amount of motorcycles and cycles with an auxiliary motor exported from Oman soared to X units, growing by 431% on the previous year. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 3,100% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,506% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Iran (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Oman, accounting for a 93% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Iran exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran stood at +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+14.3% per year) and the UK (0.0% per year).

In value terms, Iran ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Oman, comprising 93% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iran totaled +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+23.9% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, remaining stable against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 156% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Oman

In 2021, overseas purchases of motorcycles and cycles with an auxiliary motor decreased by -31.5% to X units, falling for the fourth consecutive year after two years of growth. In general, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2016 when imports increased by 150%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 79% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main motorcycles and cycles with an auxiliary motor supplier to Oman, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +5.0%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Oman.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +1.5%.

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, surging by 79% against the previous year. In general, the import price, however, recorded a noticeable setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +0.2% per year.

Source: IndexBox Market Intelligence Platform

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