Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman (CIF) - 2022

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $48,266 per unit in 2022, falling by -12.4% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. The import price peaked at $55,093 per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($48,306 per unit) and South Korea ($48,303 per unit), while the price for Free Zones ($48,251 per unit) and Germany ($48,276 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $95,296 per unit in December 2022, approximately equating the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of less than 0.1% month-to-month. The export price peaked at $95,297 per unit in February 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably for the major foreign markets. In December 2022, the countries with the highest prices were Yemen ($95,307 per unit) and Saudi Arabia ($95,296 per unit), while the average price for exports to China ($95,265 per unit) and Qatar ($95,287 per unit) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman

In 2022, supplies from abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -24.6% to 14K units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of 19K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reduced sharply to $663M in 2022. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of $1B. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Oman in 2022:

1. Japan (5.9K units)
2. United States (2.5K units)
3. United Arab Emirates (1.8K units)
4. Germany (1.0K units)
5. Free Zones (1.0K units)
6. United Kingdom (0.5K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Oman

After three years of growth, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -67.9% to 5.1K units in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 206%. As a result, the exports reached the peak of 16K units, and then declined significantly in the following year.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs fell dramatically to $159M in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when exports increased by 170% against the previous year. The exports peaked at $576M in 2021, and then reduced remarkably in the following year.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Oman in 2022:

1. Saudi Arabia (4321.0 units)
2. China (197.0 units)
3. Kuwait (194.0 units)
4. Jordan (117.0 units)
5. Qatar (90.0 units)
6. Belgium (34.0 units)

Source: IndexBox Market Intelligence Platform