Oman: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Oman

In 2021, after four years of growth, there was significant decline in the Omani market for preparations for permanent waving or straightening of hair, when its value decreased by -17.9% to $X. Overall, consumption, however, saw a perceptible increase. Over the period under review, the market hit record highs at $X in 2020, and then fell rapidly in the following year.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Oman

In 2021, exports of preparations for permanent waving or straightening of hair from Oman dropped rapidly to X tons, which is down by -28.6% against 2020. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 11,730%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, hair waving or straightening preparations exports shrank dramatically to $X in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 16,145% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Somalia (X tons) and Qatar (X kg) were the main destinations of hair waving or straightening preparations exports from Oman, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +101.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair waving or straightening preparations exported from Oman were Somalia ($X), Yemen ($X) and Qatar ($X), together comprising 94% of total exports.

Somalia, with a CAGR of +148.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, which is down by -8.4% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably country of destination: 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 Qatar (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Oman

After two years of growth, purchases abroad of preparations for permanent waving or straightening of hair decreased by -22.8% to X tons in 2021. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 242%. Imports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, hair waving or straightening preparations imports fell dramatically to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 365%. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

In 2021, Lebanon (X tons) constituted the largest hair waving or straightening preparations supplier to Oman, accounting for a 54% share of total imports. Moreover, hair waving or straightening preparations imports from Lebanon exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Lebanon amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.9% per year) and China (+71.8% per year).

In value terms, Lebanon ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Oman, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by South Africa, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from Lebanon amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.8% per year) and South Africa (+1.5% per year).

Import Prices by Country

In 2021, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, growing by 7.7% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 49% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lebanon ($X per ton), while the price for China ($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 (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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