Oman: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Oman

The Omani market for electrical lighting or visual signaling equipment for motor vehicles and cycles dropped rapidly to $X in 2022, falling by X% 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). Overall, consumption continues to indicate a abrupt decline. Lighting equipment for motor vehicles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Oman

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported from Oman; with an increase of X% compared with the previous year's figure. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports surged to $X in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Thailand (X units) and Australia (X units) were the main destinations of lighting equipment for motor vehicles exports from Oman, together accounting for X% of total exports. Iran, Qatar, Singapore, China, Yemen, New Zealand, South Korea, Bulgaria, Hong Kong SAR and Somalia lagged somewhat behind, together comprising a further X%.

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

In value terms, Singapore ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

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

Export Prices by Country

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted notably in the following year.

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 Singapore ($X per unit), while the average price for exports to Iran ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Oman

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported into Oman contracted to X units, with a decrease of X% compared with the year before. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, lighting equipment for motor vehicles imports contracted remarkably to $X in 2022. In general, imports, however, saw mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Japan (X units) were the main suppliers of lighting equipment for motor vehicles imports to Oman, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and China ($X) appeared to be the largest lighting equipment for motor vehicles suppliers to Oman, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :