Oman - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Oman - 2021
Contents:
- Gold Price in Oman (CIF) - 2022
- Gold Price in Oman (FOB) - 2022
- Gold Imports in Oman
- Gold Exports in Oman
Gold Price in Oman (CIF) - 2022
In 2022, the average gold import price amounted to $51,642,727 per ton, dropping by -6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 when the average import price increased by 44%. As a result, import price attained the peak level of $55,067 per kg, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($73,382,516 per ton), while the price for Ukraine ($5,163,692 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Gold Price in Oman (FOB) - 2022
The average gold export price stood at $15,175,632 per ton in 2022, waning by -4.7% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 10%. Over the period under review, the average export prices hit record highs at $48,425,770 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($17,862,160 per ton), while the average price for exports to Switzerland ($2,878,437 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 Arab Emirates (-10.4%), while the prices for the other major destinations experienced a decline.
Gold Imports in Oman
Gold imports into Oman shrank dramatically to 8 tons in 2022, falling by -26.9% against the previous year. In general, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 87%.
In value terms, gold imports fell sharply to $412M in 2022. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 169%.
| Import of Gold in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 624 | 109 | 534 | 335 | -18.7% |
| United States | 36.7 | 6.3 | 12.0 | 27.0 | -9.7% |
| Yemen | 25.6 | 70.5 | 7.8 | 21.0 | -6.4% |
| Ukraine | 54.5 | 16.3 | 17.1 | 9.6 | -43.9% |
| Qatar | 17.7 | 8.2 | 12.4 | 7.8 | -23.9% |
| Switzerland | 19.1 | 5.6 | 5.8 | 3.2 | -44.9% |
| Others | 23.8 | 7.2 | 11.6 | 7.8 | -31.1% |
| Total | 802 | 223 | 600 | 412 | -19.9% |
Top Suppliers of Gold to Oman in 2022:
- United Arab Emirates (4.6 tons)
- Ukraine (1.9 tons)
- Yemen (0.8 tons)
- United States (0.4 tons)
- Switzerland (0.2 tons)
- Qatar (0.1 tons)
Gold Exports in Oman
In 2022, shipments abroad of gold increased by 95% to 3.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, gold exports skyrocketed to $52M in 2022. Over the period under review, exports, however, showed a sharp setback.
| Export of Gold in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 117 | 73.6 | 18.6 | 49.1 | -25.1% |
| Qatar | 4.8 | 2.1 | 4.6 | 2.1 | -24.1% |
| Hong Kong SAR | N/A | N/A | 4.1 | 1.0 | -75.6% |
| Switzerland | 0.6 | 0.3 | 0.9 | 0.2 | -30.7% |
| Others | 2.2 | 0.4 | 0.1 | N/A | -78.7% |
| Total | 125 | 76.5 | 28.3 | 52.4 | -25.2% |
Top Export Markets for Gold from Oman in 2022:
- United Arab Emirates (3181.0 kg)
- Qatar (135.0 kg)
- Switzerland (80.0 kg)
- Hong Kong SAR (54.0 kg)
This report provides an in-depth analysis of the gold market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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