Oman: Spectacle Glass Lenses Market 2024

Spectacle Glass Lenses Market Size in Oman

In 2022, the Omani spectacle glass lenses market decreased by -6.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Oman

In 2022, the amount of spectacle lenses of glass or other materials exported from Oman soared to X units, rising by 101% on 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 799%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, spectacle glass lenses exports declined significantly to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,370%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for spectacle glass lenses exports from Oman, accounting for a 63% share of total exports. Moreover, spectacle glass lenses exports to the United Arab Emirates exceeded the volume sent to the second major destination, Mauritius (X units), twofold. Qatar (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+60.0% per year) and Qatar (+52.3% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for spectacle lenses of glass or other materials exports from Oman, comprising 67% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 16% share of total exports. It was followed by Qatar, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-2.8% per year) and Qatar (+81.9% per year).

Export Prices by Country

The average spectacle glass lenses export price stood at $X per unit in 2022, falling by -59.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 222% against the previous year. The export price peaked at $X per unit in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spectacle Glass Lenses Imports

Imports into Oman

In 2022, overseas purchases of spectacle lenses of glass or other materials decreased by -5.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted strong growth. The growth pace was the most rapid in 2014 with an increase of 418%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spectacle glass lenses imports fell modestly to $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 377% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest spectacle glass lenses supplier to Oman, accounting for a 63% share of total imports. Moreover, spectacle glass lenses imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was held by China (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.0% per year) and China (+1.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spectacle lenses of glass or other materials to Oman, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 6.1% share of total imports. It was followed by Hungary, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Hungary (+1,452.9% per year).

Import Prices by Country

In 2022, the average spectacle glass lenses import price amounted to $X per unit, surging by 5.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. 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 unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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