Price for Aluminium; Tubes and Pipes in Oman - 2021

Contents:

1. Price for Aluminium; Tubes and Pipes in Oman (CIF) - 2022
2. Price for Aluminium; Tubes and Pipes in Oman (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Oman
4. Exports of Aluminium; Tubes and Pipes in Oman

Price for Aluminium; Tubes and Pipes in Oman (CIF) - 2022

The average aluminium; tubes and pipes import price stood at $3,337 per ton in 2022, reducing by -14.1% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 54%. As a result, import price reached the peak level of $6,866 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.6% per year.

Price for Aluminium; Tubes and Pipes in Oman (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $1,679 per ton, surging by 118% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 132% against the previous year. As a result, the export price reached the peak level of $4,677 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 Singapore ($3,344 per ton), while the average price for exports to Bahrain ($374 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 Qatar (-3.8%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Tubes and Pipes in Oman

In 2022, imports of aluminium; tubes and pipeses into Oman soared to 5.5K tons, with an increase of 33% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, aluminium; tubes and pipes imports totaled $18M in 2022. Overall, imports showed a relatively flat trend pattern.

Top Suppliers of Aluminium; Tubes and Pipes to Oman in 2022:

1. United Arab Emirates (5.5K tons)

Exports of Aluminium; Tubes and Pipes in Oman

After three years of growth, overseas shipments of aluminium; tubes and pipeses decreased by -59.5% to 3.3K tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 199%. As a result, the exports attained the peak of 8K tons, and then declined sharply in the following year.

In value terms, aluminium; tubes and pipes exports contracted to $5.5M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%.

Top Export Markets for Aluminium; Tubes and Pipes from Oman in 2022:

1. Qatar (2341.2 tons)
2. Bahrain (589.2 tons)
3. Singapore (124.9 tons)
4. Tanzania (59.7 tons)
5. United Arab Emirates (9.7 tons)

Source: IndexBox Market Intelligence Platform