Oman market reached 65,000 vehicles in 2022
- Oman is a country in the Middle East located in the south of the Arabian Peninsula, neighbouring Saudi Arabia, the United Arab Emirates and Yemen. Oman is populated by nearly 5 million inhabitants. Oman's economy is dominated, like its neighbours, by its dependence on oil. Like Saudi Arabia, the United Arab Emirates, Qatar and Kuwait, Oman's automobile market depends on the fluctuation of oil prices.
- The Oman automobile market represents on average between 100,000 and 200,000 new vehicles each year. The peak was reached in 2014, with 210,000 sales. Then the market gradually fell to 70,000 units in 2020, three times less than in 2014. Since 2020, the year of the Covid-19 crisis, this market has remained at less than 100,000 units per year: 72,190 in 2021 and 64,760 in 2022. Unlike other countries in the region, the Oman market is down (by 10%) in 2022 compared to 2021.
- The breakdown of the market by brand has remained the same for several years, with a strong presence of Japanese brands, but the Chinese MG belonging to the SAIC group achieves an excellent 3rd place in 2022 as in 2021.
- Toyota remains the leading brand in Oman with record penetration in the region (47% in 2022). The carmaker places its Land Cruiser SUV and Hilux pick-up in the first two places of the best-selling cars in Oman in 2022.