Oman: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Oman

The Omani market for side cars and cycles with non-combustion motors contracted significantly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Side Cars and Cycles with Non-Combustion Motors in Oman

In value terms, production of side cars and cycles with non-combustion motors rose modestly to $X in 2022 estimated in export price. In general, production showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from Oman

In 2022, approx. X units of side cars and cycles with non-combustion motors were exported from Oman; dropping by X% against 2021. In general, exports showed a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of side cars and cycles with non-combustion motors shrank sharply to $X in 2022. Over the period under review, exports, however, saw a measured increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of side cars and cycles with non-combustion motors from Oman, with a X% share of total exports. Moreover, exports of side cars and cycles with non-combustion motors to the United Arab Emirates exceeded the volume sent to the second major destination, Iran (X units), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Italy (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for side cars and cycles with non-combustion motors exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average export price for side cars and cycles with non-combustion motors amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into Oman

In 2022, the amount of side cars and cycles with non-combustion motors imported into Oman reduced rapidly to X units, with a decrease of X% on the year before. In general, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. Over the period under review, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest side car and cycle with non-combustion motor supplier to Oman, accounting for a X% share of total imports. Moreover, imports of side cars and cycles with non-combustion motors from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. Mauritius (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Mauritius (X% per year).

In value terms, China ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to Oman, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Mauritius (X% per year).

Import Prices by Country

The average import price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price posted a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the price for Mauritius ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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