Oman: Ignition Magneto Market 2025

Ignition Magneto Market Size in Oman

The Omani ignition magneto market reduced slightly to $X in 2021, waning by -4% against the previous year. Overall, consumption, however, posted buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Oman

In value terms, ignition magneto production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The growth pace was the most rapid in 2017 when the production volume increased by 143%. Ignition magneto production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Ignition Magneto Exports

Exports from Oman

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels exported from Oman soared to X units, picking up by 654% compared with the previous year. In general, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 1,253% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ignition magneto exports soared to $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 2,052%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X units) was the main destination for ignition magneto exports from Oman, accounting for a 86% share of total exports. Moreover, ignition magneto exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to -5.8%.

In value terms, Yemen ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Oman, comprising 59% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Yemen stood at -7.4%.

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, declining by -45.9% against the previous year. Overall, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Yemen stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.4%).

Ignition Magneto Imports

Imports into Oman

Ignition magneto imports into Oman soared to X units in 2021, growing by 663% against 2020 figures. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 761%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ignition magneto imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 878% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of ignition magneto to Oman, with a 59% share of total imports. Moreover, ignition magneto imports from South Korea exceeded the figures recorded by the second-largest supplier, Ireland (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+70.3% per year) and the United Arab Emirates (+28.8% per year).

In value terms, South Korea ($X), Ireland ($X) and the United States ($X) were the largest ignition magneto suppliers to Oman, with a combined 89% share of total imports.

Ireland, with a CAGR of +56.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, reducing by -12.1% against the previous year. In general, the import price faced a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 52% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :