Aluminium Wire Price in Oman - 2021
Contents:
- Aluminium Wire Price in Oman (FOB) - 2022
- Aluminium Wire Price in Oman (CIF) - 2022
- Aluminium Wire Exports in Oman
- Aluminium Wire Imports in Oman
Aluminium Wire Price in Oman (FOB) - 2022
The average aluminium wire export price stood at $2,385 per ton in 2022, with a decrease of -15.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, the export price reached the peak level of $2,810 per ton, and then shrank notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,204 per ton), while the average price for exports to Jordan ($1,864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Price in Oman (CIF) - 2022
The average aluminium wire import price stood at $3,184 per ton in 2022, with a decrease of -5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 46%. As a result, import price attained the peak level of $3,433 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($5,793 per ton), while the price for India ($2,401 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Exports in Oman
In 2022, aluminium wire exports from Oman was estimated at 46K tons, with an increase of 2.9% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern.
In value terms, aluminium wire exports contracted to $109M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports reached the peak of $124M, and then dropped in the following year.
| Export of Aluminium Wire in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 1.6 | 12.4 | 18.9 | 16.9 | 119.4% |
| Egypt | 21.9 | 15.5 | 18.8 | 16.8 | -8.5% |
| United States | 12.4 | 6.1 | 14.4 | 12.8 | 1.1% |
| Colombia | 4.9 | 5.9 | 13.8 | 12.3 | 35.9% |
| South Africa | 3.8 | 1.4 | 8.8 | 7.8 | 27.1% |
| Saudi Arabia | 13.6 | 10.1 | 3.9 | 7.7 | -17.3% |
| Mexico | 9.1 | 6.1 | 6.2 | 6.1 | -12.5% |
| Costa Rica | 3.4 | 2.4 | 5.7 | 5.1 | 14.5% |
| India | 4.9 | 3.9 | 4.4 | 3.9 | -7.3% |
| Tanzania | 1.0 | 8.6 | 1.5 | 3.1 | 45.8% |
| Canada | 1.9 | 3.5 | 3.3 | 3.0 | 16.4% |
| Jordan | 1.4 | 2.3 | 2.2 | 2.0 | 12.6% |
| Lebanon | 4.1 | 0.2 | 0.3 | 1.2 | -33.6% |
| Others | 13.7 | 14.5 | 22.2 | 9.9 | -10.3% |
| Total | 97.7 | 92.9 | 124 | 109 | 3.7% |
Top Export Markets for Aluminium Wire from Oman in 2022:
- Egypt (7.6K tons)
- Algeria (6.5K tons)
- Colombia (4.6K tons)
- United States (4.0K tons)
- Saudi Arabia (3.9K tons)
- South Africa (3.2K tons)
- Mexico (2.9K tons)
- Costa Rica (1.9K tons)
- India (1.8K tons)
- Tanzania (1.6K tons)
- Canada (1.5K tons)
- Jordan (1.1K tons)
- Lebanon (0.6K tons)
Aluminium Wire Imports in Oman
In 2022, after three years of growth, there was significant decline in overseas purchases of aluminium wires, when their volume decreased by -21.7% to 774 tons. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. As a result, imports reached the peak of 988 tons, and then contracted notably in the following year.
In value terms, aluminium wire imports reduced dramatically to $2.5M in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of $3.3M, and then fell notably in the following year.
| Import of Aluminium Wire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 878 | 439 | 1,638 | 1,379 | 16.2% |
| India | 345 | 498 | 722 | 608 | 20.8% |
| China | 82.7 | 227 | 228 | 192 | 32.4% |
| United Arab Emirates | 53.6 | 162 | 200 | 168 | 46.3% |
| Saudi Arabia | 103 | 219 | 90.3 | 117 | 4.3% |
| Others | 61.7 | 69.9 | 435 | N/A | 165.5% |
| Total | 1,524 | 1,615 | 3,313 | 2,464 | 17.4% |
Top Suppliers of Aluminium Wire to Oman in 2022:
- Spain (382.0 tons)
- India (253.1 tons)
- United Arab Emirates (60.6 tons)
- China (57.9 tons)
- Saudi Arabia (20.3 tons)
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