Oman: Cosmetics Market 2022

Cosmetics Market Size in Oman

In 2021, the Omani cosmetics market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption continues to indicate a abrupt setback. Over the period under review, the market attained the peak level at $X in 2020, and then fell sharply in the following year.

Cosmetics Exports

Exports from Oman

In 2021, shipments abroad of cosmetics increased by X% to X tons, rising for the fifth year in a row after three years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cosmetics exports expanded to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Yemen (X tons), Qatar (X tons) and Somalia (X tons) were the main destinations of cosmetics exports from Oman.

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

In value terms, Qatar ($X) remains the key foreign market for cosmetics exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+X% per year) and Somalia (+X% per year).

Export Prices by Country

The average cosmetics export price stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Cosmetics Imports

Imports into Oman

After four years of growth, purchases abroad of cosmetics decreased by -X% to X tons in 2021. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, cosmetics imports declined rapidly to $X in 2021. Overall, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main cosmetics supplier to Oman, accounting for a X% share of total imports. Moreover, cosmetics imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cosmetics to Oman, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and India (-X% per year).

Import Prices by Country

In 2021, the average cosmetics import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price recorded a slight shrinkage. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform