Oman: Vehicle Seat Market 2024

Vehicle Seat Market Size in Oman

The Omani vehicle seat market fell to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded slight growth. Vehicle seat consumption peaked at $X in 2021, and then declined in the following year.

Vehicle Seat Exports

Exports from Oman

In 2022, exports of seats for motor vehicles from Oman soared to X units, with an increase of X% compared with the previous year. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vehicle seat exports dropped to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for vehicle seat exports from Oman, accounting for a X% share of total exports. Moreover, vehicle seat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X units), twofold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2016 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Singapore (X.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for seats for motor vehicles exports from Oman, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2016 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X.0% per year) and Iran (X% per year).

Export Prices by Country

The average vehicle seat export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Hong Kong SAR ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Seat Imports

Imports into Oman

In 2022, approx. X units of seats for motor vehicles were imported into Oman; falling by X% compared with 2021. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vehicle seat imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest vehicle seat supplier to Oman, with a X% share of total imports. Moreover, vehicle seat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of seats for motor vehicles to Oman, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average vehicle seat import price amounted to $X per unit, which is down by X% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle seat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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