Oman: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Oman

The Omani internal combustion engine equipment market was estimated at $X in 2022, surging by 7.6% 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, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Oman

In 2022, internal combustion engine equipment exports from Oman dropped remarkably to X units, waning by -30.3% against the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 331%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment exports dropped rapidly to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 349% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for internal combustion engine equipment exports from Oman, accounting for a 44% share of total exports. Moreover, internal combustion engine equipment exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by the United States (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-15.9% per year) and the United States (-1.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for equipment for internal combustion engines exports from Oman, comprising 51% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-10.4% per year) and the United States (+11.1% per year).

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, picking up by 3.9% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, internal combustion engine equipment export price increased by +106.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($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 States (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Oman

After two years of growth, purchases abroad of equipment for internal combustion engines decreased by -10.8% to X units in 2022. Overall, imports recorded a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 255% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, internal combustion engine equipment imports skyrocketed to $X in 2022. In general, imports, however, recorded a mild expansion. The growth pace was the most rapid in 2015 with an increase of 341%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar (X units), the United Arab Emirates (X units) and France (X units) were the main suppliers of internal combustion engine equipment imports to Oman, with a combined 83% share of total imports. Japan, the Netherlands, Sweden, China and Saudi Arabia lagged somewhat behind, together comprising a further 8%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +40.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of equipment for internal combustion engines to Oman, comprising 32% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Qatar, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +83.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.7% per year) and Qatar (+3.4% per year).

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2022, rising by 37% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, internal combustion engine equipment import price decreased by -6.9% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 83%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+36.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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