Oman: Ignition Coil Market 2024

Ignition Coil Market Size in Oman

After three years of growth, the Omani ignition coil market decreased by X% to $X in 2022. In general, consumption recorded a abrupt contraction. Ignition coil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ignition Coil Exports

Exports from Oman

In 2022, overseas shipments of distributors and ignition coils decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, ignition coil exports shrank to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for ignition coil exports from Oman, with a X% share of total exports. Moreover, ignition coil exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bulgaria (X units), eightfold. The third position in this ranking was taken by Saudi Arabia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for distributors and ignition coils exports from Oman, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with an X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average ignition coil export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per unit) and Bulgaria ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Coil Imports

Imports into Oman

After three years of growth, purchases abroad of distributors and ignition coils decreased by X% to X units in 2022. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition coil imports dropped rapidly to $X in 2022. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), the United Arab Emirates (X units) and Slovakia (X units) were the main suppliers of ignition coil imports to Oman, together accounting for X% of total imports. Germany, Qatar, Australia and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ignition coil suppliers to Oman were Japan ($X), the United Arab Emirates ($X) and Slovakia ($X), with a combined X% share of total imports. Germany, Qatar, Spain and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded 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 ignition coil import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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