Oman: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Oman

The Omani road tractor for semi-trailer market surged to $X in 2021, with an increase of 70% 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 posted tangible growth. Road tractor for semi-trailer consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Oman

In 2021, shipments abroad of road tractors for semi-trailers decreased by -30.3% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 174% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then contracted notably in the following year.

In value terms, road tractor for semi-trailer exports declined dramatically to $X in 2021. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 100%. The exports peaked at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for road tractor for semi-trailer exports from Oman, accounting for a 74% share of total exports. Moreover, road tractor for semi-trailer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X units), fourfold. The third position in this ranking was held by Sudan (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +89.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-8.6% per year) and Sudan (-21.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for road tractors for semi-trailers exports from Oman, comprising 74% of total exports. The second position in the ranking was taken by Yemen ($X), with a 20% share of total exports. It was followed by Sudan, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +108.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+6.1% per year) and Sudan (-9.9% per year).

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, surging by 13% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by 184%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Qatar ($X per unit), while the average price for exports to Saudi Arabia ($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 (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Oman

In 2021, the amount of road tractors for semi-trailers imported into Oman soared to X units, jumping by 27% compared with 2020 figures. In general, imports posted slight growth. The most prominent rate of growth was recorded in 2013 when imports increased by 132%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. Over the period under review, imports showed a moderate increase. The growth pace was the most rapid in 2013 when imports increased by 160% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X units), Germany (X units) and the United Arab Emirates (X units) were the main suppliers of road tractor for semi-trailer imports to Oman, with a combined 57% share of total imports. Japan, Sweden, Mexico, Spain, Poland and Saudi Arabia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +55.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to Oman were Belgium ($X), Germany ($X) and Sweden ($X), with a combined 56% share of total imports. These countries were followed by the United Arab Emirates, Japan, Mexico, Spain, Saudi Arabia, Poland and the Netherlands, which together accounted for a further 39%.

Mexico, with a CAGR of +76.3%, saw the highest growth rate of 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

The average road tractor for semi-trailer import price stood at $X per unit in 2021, picking up by 5.9% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer import price decreased by -35.6% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained 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 Sweden ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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