Oman: Engine Generator Market 2024

Engine Generator Market Size in Oman

The Omani engine generator market skyrocketed to $X in 2022, picking up by 58% 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). In general, consumption, however, continues to indicate a deep slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Engine Generator Exports

Exports from Oman

In 2022, approx. X units of generators for internal combustion engines were exported from Oman; with a decrease of -33.4% compared with the year before. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 3,098%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, engine generator exports dropped markedly to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 2,135% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United Arab Emirates (X units), Yemen (X units) and Qatar (X units) were the main destinations of engine generator exports from Oman, together accounting for 85% of total exports. Hong Kong SAR, Singapore, Egypt and the United States lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +74.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from Oman were the United Arab Emirates ($X), Yemen ($X) and Qatar ($X), together comprising 84% of total exports. Hong Kong SAR, Singapore, Egypt and the United States lagged somewhat behind, together comprising a further 10%.

Singapore, with a CAGR of +76.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, reducing by -2.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per unit) and Yemen ($X per unit), while the average price for exports to Egypt ($X per unit) and the United States ($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 Hong Kong SAR (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Oman

Engine generator imports into Oman rose rapidly to X units in 2022, growing by 14% on the previous year's figure. Over the period under review, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of 117%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, engine generator imports rose slightly to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 96%. As a result, imports reached the peak of $X. From 2016 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 engine generator supplier to Oman, with a 32% share of total imports. Moreover, engine generator imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Australia (X units), twofold. Spain (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+68.7% per year) and Spain (+44.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of generators for internal combustion engines to Oman, comprising 41% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+50.8% per year) and Australia (+62.4% per year).

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, reducing by -9.4% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator import price increased by +8.8% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 30%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for Mexico ($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 Africa (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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