Key Market Indicators
The number of vehicle registrations in Oman plummeted to roughly 20,900 units in 2023, marking a substantial 32.7% decrease from the previous year's figure of approximately 31,000 units. This significant drop is part of a broader trend, with the Omani market experiencing an average annual decline of 20% since 2010. In the global rankings for 2023, Oman was positioned at number 80. Jordan edged ahead of Oman with a similar count of 20,900 units. Dominating the list, Canada, China, and Austria secured the second, third, and fourth spots, respectively.
