Price for Chain; Articulated Link, Roller, of Iron or Steel in Oman - 2022

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Oman (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Oman (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Oman
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Oman

Price for Chain; Articulated Link, Roller, of Iron or Steel in Oman (CIF) - 2022

In 2022, the average import price for chain; articulated link, roller, of iron or steel amounted to $12,852 per ton, increasing by 49% against the previous year. Over the period under review, the import price recorded a pronounced increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($13,394 per ton), while the price for India ($4,662 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Oman (FOB) - 2022

The average export price for chain; articulated link, roller, of iron or steel stood at $7,826 per ton in 2022, which is down by -22.6% against the previous year. Overall, the export price faced a deep setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 127%. The export price peaked at $37,860 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,713 per ton), while the average price for exports to Yemen ($1,444 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 China (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Oman

In 2022, the amount of chain; articulated link, roller, of iron or steel imported into Oman reduced dramatically to 91 tons, with a decrease of -32.2% on the previous year. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of 134 tons, and then declined markedly in the following year.

In value terms, imports of chain; articulated link, roller, of iron or steel totaled $1.2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Oman in 2022:

1. United Arab Emirates (55.2 tons)
2. India (9.8 tons)
3. United States (7.1 tons)
4. Germany (5.3 tons)
5. Japan (3.5 tons)
6. Qatar (2.4 tons)
7. Turkey (2.3 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Oman

In 2022, overseas shipments of chain; articulated link, roller, of iron or steel decreased by -69.9% to 13 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 58%. As a result, the exports reached the peak of 56 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of chain; articulated link, roller, of iron or steel fell rapidly to $105K in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 99.9% against the previous year.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Oman in 2022:

1. United Arab Emirates (10.4 tons)
2. Hong Kong SAR (1.3 tons)
3. Yemen (0.7 tons)
4. United States (0.6 tons)
5. China (0.1 tons)

Source: IndexBox Market Intelligence Platform