oman Hair Care Market Shipment Analysis
Oman Hair Care Market registered a growth of 2.35% in value shipments in 2021 as compared to 2020 and an increase of 3.71% CAGR in 2021 over a period of 2017. In Hair Care Market Oman is becoming more competitive as the HHI index in 2021 was 6053 while in 2017 it was 6969. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Oman has reportedly relied more on imports to meet its growing demand in Hair Care Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Hair Care Market in 2021 was 5.04 while in 2017 it was 3.07. United Arab Emirates (UAE), India, Saudi Arabia, Lebanon and China were among the top players of the market in 2021, where United Arab Emirates (UAE) acquired the largest market share of 77.14% with a shipment value of 24.74 million USD in 2022 United Arab Emirates (UAE) also offered the product below the average market price thus having a competitive advantage over others In 2017 United Arab Emirates (UAE) had the largest market share of 83.12% with the shipment value of 21.71 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As United Arab Emirates (UAE) price is lower than the average price, it provided a significant edge among other competitor in 2017.
