Oman: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Oman

The Omani internal combustion engines market skyrocketed to $X in 2021, rising by 59% 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 recorded resilient growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Internal Combustion Engines Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in shipments abroad of motor vehicles compression-ignition internal combustion piston engines, when their volume decreased by -43.5% to X units. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 229% against the previous year. The exports peaked at X units in 2020, and then dropped rapidly in the following year.

In value terms, internal combustion engines exports shrank rapidly to $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 419%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Singapore (X units) was the main destination for internal combustion engines exports from Oman, with a 67% share of total exports. Moreover, internal combustion engines exports to Singapore exceeded the volume sent to the second major destination, Pakistan (X units), fivefold. Tanzania (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+29.2% per year) and Tanzania (+41.4% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Oman, comprising 37% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.9% share of total exports. It was followed by Singapore, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +88.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.3% per year) and Singapore (+83.2% per year).

Export Prices by Country

In 2021, the average internal combustion engines export price amounted to $X per unit, with an increase of 27% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 214%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+92.1%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Oman

In 2021, imports of motor vehicles compression-ignition internal combustion piston engines into Oman surged to X units, with an increase of 60% compared with 2020 figures. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 142%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, internal combustion engines imports declined rapidly to $X in 2021. In general, imports showed resilient growth. The growth pace was the most rapid in 2015 when imports increased by 98%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main supplier of internal combustion engines to Oman, with a 99% share of total imports. It was followed by Japan (X units), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +66.1%.

In value terms, Japan ($X) and the United Arab Emirates ($X) were the largest internal combustion engines suppliers to Oman.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +30.6%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average internal combustion engines import price stood at $X per unit in 2021, with a decrease of -48.5% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 93% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United Arab Emirates stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+80.8%).

Source: IndexBox Platform

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