Oman: Bicycle Market 2025

Bicycle Market Size in Oman

After two years of growth, the Omani bicycle market decreased by -17% to $X in 2021. Over the period under review, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Bicycle Exports

Exports from Oman

After two years of growth, shipments abroad of bicycles and other cycles decreased by -14.1% to X units in 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 409%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, bicycle exports dropped rapidly to $X in 2021. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 581% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X units), Qatar (X units) and Hong Kong SAR (X units) were the main destinations of bicycle exports from Oman, together accounting for 61% of total exports. India, Yemen, the United Arab Emirates and Germany lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from Oman were Qatar ($X), Iran ($X) and the United Arab Emirates ($X), with a combined 89% share of total exports. These countries were followed by Hong Kong SAR, India, Yemen and Germany, which together accounted for a further 6.6%.

India, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle export price stood at $X per unit in 2021, reducing by -8.2% against the previous year. Over the period under review, the export price, however, posted perceptible growth. The growth pace was the most rapid in 2018 an increase of 104% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Germany ($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 Yemen (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Oman

In 2021, supplies from abroad of bicycles and other cycles decreased by -18.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 571% against the previous year. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, bicycle imports expanded slightly to $X in 2021. In general, imports, however, recorded strong growth. The growth pace was the most rapid in 2013 when imports increased by 62%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bicycle to Oman, with a 71% share of total imports. Moreover, bicycle imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was held by Tanzania (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.3% per year) and Tanzania (+210.3% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Tanzania ($X) were the largest bicycle suppliers to Oman, with a combined 96% share of total imports.

In terms of the main suppliers, Tanzania, with a CAGR of +246.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, picking up by 27% against the previous year. In general, the import price recorded temperate growth. The pace of growth appeared the most rapid in 2014 an increase of 203% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+157.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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