Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $352 per ton, waning by -3% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices attained the peak figure at $1,172 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($381 per ton), while the price for Australia totaled $344 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-10.7%).
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,176 per ton, waning by -23.7% against the previous year. In general, the export price, however, continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 209%. As a result, the export price attained the peak level of $1,753 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,684 per ton), while the average price for exports to India ($491 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 India (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman
Imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Oman reached 755K tons in 2022, with an increase of 7.4% on 2021. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide expanded to $266M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 175 | 159 | 223 | 227 | 9.1% |
| Indonesia | 14.8 | 19.4 | 26.7 | 33.9 | 31.8% |
| Others | 7.4 | 5.8 | 5.6 | 5.5 | -9.4% |
| Total | 198 | 184 | 255 | 266 | 10.3% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Oman in 2022:
- Australia (658.4K tons)
- Indonesia (88.9K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman
In 2022, approx. 22 tons of aluminium oxide (including artificial corundum); aluminium hydroxide were exported from Oman; which is down by -90.3% against 2021. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 1,605%. As a result, the exports reached the peak of 223 tons, and then fell notably in the following year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide fell remarkably to $26K in 2022. Over the period under review, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 1,538%. As a result, the exports attained the peak of $344K, and then dropped significantly in the following year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 45.7 | 19.0 | 319 | 22.4 | -21.2% |
| India | 0.4 | 0.3 | 3.4 | 1.6 | 58.7% |
| Qatar | 1.1 | 1.6 | 20.5 | 1.5 | 10.9% |
| Others | 5.4 | 0.1 | 1.4 | 0.1 | -73.5% |
| Total | 52.6 | 21.0 | 344 | 25.6 | -21.3% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Oman in 2022:
- Iran (17.4 tons)
- India (3.3 tons)
- Qatar (0.9 tons)
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