Oman: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Oman

The Omani transportation vehicle body market was estimated at $X in 2022, approximately reflecting the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Transportation Vehicle Body Production in Oman

In value terms, transportation vehicle body production reached $X in 2022 estimated in export price. Overall, production, however, saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of 77%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Transportation Vehicle Body Exports

Exports from Oman

In 2022, transportation vehicle body exports from Oman surged to X units, increasing by 252% on the previous year's figure. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 625%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, transportation vehicle body exports expanded notably to $X in 2022. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 1,478%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units), the United Arab Emirates (X units) and Yemen (X units) were the main destinations of transportation vehicle body exports from Oman, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +48.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for transportation vehicle body exported from Oman were Iran ($X), the United Arab Emirates ($X) and Yemen ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, declining by -70.1% against the previous year. Overall, the export price recorded a sharp curtailment. The growth pace was the most rapid in 2015 an increase of 118%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.7%), while the prices for the other major destinations experienced a decline.

Transportation Vehicle Body Imports

Imports into Oman

In 2022, approx. X units of bodies for motor vehicles for the transporting people were imported into Oman; waning by -18.4% compared with 2021. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 135% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, transportation vehicle body imports contracted notably to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 205% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of transportation vehicle body to Oman, with a 48% share of total imports. Moreover, transportation vehicle body imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.6% per year) and the United Arab Emirates (+17.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Oman, comprising 71% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by South Africa, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +110.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+46.3% per year) and South Africa (0.0% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, picking up by 2.9% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 84%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+56.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :