Oman: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Oman

The Omani trailer and semi-trailer market skyrocketed to $X in 2022, growing by 45% 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 continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports from Oman

In 2022, after three years of decline, there was significant growth in shipments abroad of cargo trailers and semi-trailers, when their volume increased by 5% to X units. Over the period under review, exports showed moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 258% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, trailer and semi-trailer exports fell rapidly to $X in 2022. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 245%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), the United Arab Emirates (X units) and Saudi Arabia (X units) were the main destinations of trailer and semi-trailer exports from Oman, together accounting for 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cargo trailers and semi-trailers exports from Oman, comprising 39% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Qatar, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+9.8% per year) and Qatar (+33.4% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, falling by -20% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 92% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Qatar ($X per unit), while the average price for exports to India ($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 Qatar (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Oman

In 2022, the amount of cargo trailers and semi-trailers imported into Oman soared to X units, increasing by 63% on the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 100% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, trailer and semi-trailer imports rose markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 147%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest trailer and semi-trailer supplier to Oman, with a 29% share of total imports. Moreover, trailer and semi-trailer imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Singapore (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+23.8% per year) and Singapore (+30.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cargo trailers and semi-trailers to Oman, comprising 50% of total imports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+27.3% per year) and China (+15.3% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, reducing by -29.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 57% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform