Oman: Spectacle Plastic Frame Market 2024

Spectacle Plastic Frame Market Size in Oman

The Omani spectacle plastic frame market surged to $X in 2021, growing by 249% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spectacle Plastic Frame Exports

Exports from Oman

In 2021, overseas shipments of plastic frames and mountings for spectacles and goggles decreased by -72.8% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 712% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, spectacle plastic frame exports shrank rapidly to $X in 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,275% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for spectacle plastic frame exports from Oman, with a 92% share of total exports. Moreover, spectacle plastic frame exports to Qatar exceeded the volume sent to the second major destination, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +13.3%.

In value terms, Qatar ($X) remains the key foreign market for plastic frames and mountings for spectacles and goggles exports from Oman, comprising 90% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +20.7%.

Export Prices by Country

The average spectacle plastic frame export price stood at $X per unit in 2021, growing by 20% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Qatar stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+6.5%).

Spectacle Plastic Frame Imports

Imports into Oman

Spectacle plastic frame imports into Oman skyrocketed to X units in 2021, with an increase of 277% against the previous year's figure. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle plastic frame imports skyrocketed to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of spectacle plastic frame to Oman, with a 57% share of total imports. Moreover, spectacle plastic frame imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Qatar (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+41.4% per year) and Qatar (+32.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plastic frames and mountings for spectacles and goggles to Oman, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports. It was followed by Qatar, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.5% per year) and Qatar (+34.8% per year).

Import Prices by Country

In 2021, the average spectacle plastic frame import price amounted to $X per unit, with a decrease of -24.3% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spectacle plastic frame import price decreased by +0.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per unit) and Turkey ($X per unit), while the price for Italy ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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