Oman: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Oman

The Omani lamp plastic parts market plummeted to $X in 2021, which is down by -32.6% 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). Overall, consumption faced a abrupt descent. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Lamp Plastic Parts Exports

Exports from Oman

In 2021, lamp plastic parts exports from Oman shrank notably to X kg, with a decrease of -55.1% compared with the previous year's figure. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 352% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lamp plastic parts exports reduced rapidly to $X in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for lamp plastic parts exports from Oman, accounting for a 69% share of total exports. Moreover, lamp plastic parts exports to the United Arab Emirates exceeded the volume sent to the second major destination, Yemen (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and the Netherlands (0.0% per year).

In value terms, the United Arab Emirates ($X), the Netherlands ($X) and Yemen ($X) constituted the largest markets for lamp plastic parts exported from Oman worldwide, with a combined 81% share of total exports.

The Netherlands, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, surging by 58% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 236%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Yemen ($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 Tanzania (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Oman

For the third consecutive year, Oman recorded decline in purchases abroad of plastic parts for lamps and lighting fittings, which decreased by -8% to X tons in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 158%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lamp plastic parts imports contracted significantly to $X in 2021. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 181%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main suppliers of lamp plastic parts imports to Oman, with a combined 43% share of total imports. These countries were followed by Pakistan, China, Taiwan (Chinese), France, Malaysia and Germany, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +119.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Oman, comprising 19% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 7.4% share of total imports. It was followed by Pakistan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-8.5% per year) and Pakistan (-5.6% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, declining by -36.2% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 38%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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