Oman: Spectacle Non-Plastic Frame Market 2022

Spectacle Non-Plastic Frame Market Size in Oman

In 2021, the Omani spectacle non-plastic frame market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2020, and then plummeted in the following year.

Spectacle Non-Plastic Frame Exports

Exports from Oman

For the tenth consecutive year, Oman recorded growth in shipments abroad of non-plastic frames and mountings for spectacles and goggles, which increased by X% to X units in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spectacle non-plastic frame exports soared to $X in 2021. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X units) was the main destination for spectacle non-plastic frame exports from Oman, accounting for a X% share of total exports. Moreover, spectacle non-plastic frame exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Italy (+X% per year).

In value terms, Qatar ($X) remains the key foreign market for spectacle non-plastic frame exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Italy (+X% per year).

Export Prices by Country

In 2021, the average spectacle non-plastic frame export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then fell slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Non-Plastic Frame Imports

Imports into Oman

For the fifth year in a row, Oman recorded growth in supplies from abroad of non-plastic frames and mountings for spectacles and goggles, which increased by X% to X units in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, spectacle non-plastic frame imports reduced remarkably to $X in 2021. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of spectacle non-plastic frame to Oman, accounting for a X% share of total imports. Moreover, spectacle non-plastic frame imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spectacle non-plastic frame to Oman, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average spectacle non-plastic frame import price amounted to $X per unit, dropping by -X% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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