Oman: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Oman

In 2021, the Omani hair lotion and preparation market decreased by -66.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2020, and then fell remarkably in the following year.

Exports of Hair Lotion and Preparation

Exports from Oman

In 2021, shipments abroad of hair lotion and preparation was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports soared to $X in 2021. Overall, exports enjoyed a significant increase. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for hair lotion and preparation exports from Oman, with a 71% share of total exports. Moreover, hair lotion and preparation exports to Yemen exceeded the volume sent to the second major destination, Qatar (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Yemen amounted to +303.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-3.3% per year) and Somalia (+66.3% per year).

In value terms, Qatar ($X) remains the key foreign market for hair lotion and preparation exports from Oman, comprising 76% of total exports. The second position in the ranking was held by Yemen ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+260.3% per year) and Somalia (+61.0% per year).

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, dropping by -49.8% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 347% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Hair Lotion and Preparation

Imports into Oman

In 2021, supplies from abroad of hair lotion and preparation increased by 15% to X tons, rising for the third year in a row after three years of decline. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, hair lotion and preparation imports expanded slightly to $X in 2021. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 38%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of hair lotion and preparation to Oman, accounting for a 60% share of total imports. Moreover, hair lotion and preparation imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.9% per year) and India (+8.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hair lotion and preparation to Oman, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 7.4% share of total imports. It was followed by Saudi Arabia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.0% per year) and Saudi Arabia (+82.6% per year).

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, which is down by -10.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform