Key Market Indicators
Oman's truck imports have seen a significant decline in 2023, dropping to approximately $75 million. This marks a 24.8% decrease from the $100 million recorded in 2022. The downward trend is not new. Since 1994, Omani demand for trucks has been decreasing by an average of 16.1% year on year. This long-term decline highlights ongoing changes in the country's import patterns and economic demands.