Oman: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Oman

The Omani market for lead-acid accumulators (excluding starter batteries) soared to $X in 2022, growing by X% 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 prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Oman

For the third consecutive year, Oman recorded growth in shipments abroad of lead-acid accumulators (excluding starter batteries), which increased by X% to X units in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lead-acid accumulators (excluding starter batteries) exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Yemen (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Oman, accounting for a X% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Somalia (X% per year).

In value terms, Yemen ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Somalia (X% per year).

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a slight setback. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Yemen ($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 Qatar (X%), while the prices for the other major destinations experienced a decline.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Oman

Lead-acid accumulators (excluding starter batteries) imports into Oman surged to X units in 2022, rising by X% against the previous year. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lead-acid accumulators (excluding starter batteries) imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X units), China (X units) and India (X units) were the main suppliers of lead-acid accumulators (excluding starter batteries) imports to Oman, together accounting for X% of total imports. Germany, Vietnam, the United States, Sri Lanka, Saudi Arabia and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) were the largest lead-acid accumulators (excluding starter batteries) suppliers to Oman, with a combined X% share of total imports. Germany, Vietnam, the United States, Sri Lanka, Saudi Arabia and South Korea lagged somewhat behind, together accounting for a further X%.

Sri Lanka, with a CAGR of X%, 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

In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Sri Lanka ($X per unit), while the price for Saudi Arabia ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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