Key Market Indicators
Oman's vehicle registration figures have seen a significant decline in 2023, dropping to approximately 20,900 units from around 31,000 units in 2022. This represents a sharp 33% decrease compared to the previous year. Since 2010, the Omani market has experienced a consistent downward trend, averaging a 20% decline year-on-year. In the latest rankings, Oman stood at number 80, with Jordan surpassing it by registering the same number of units. Top spots in the global vehicle registration rankings were claimed by Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
