Price for Electrical Insulators of Any Material in Oman - 2022

Contents:

1. Price for Electrical Insulators of Any Material in Oman (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Oman (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Oman
4. Exports of Electrical Insulators of Any Material in Oman

Price for Electrical Insulators of Any Material in Oman (CIF) - 2022

In December 2022, the average import price for electrical insulators of any materials amounted to $1.5 per unit, which is down by -8.2% against the previous month. Over the period under review, the import price recorded a slight decline. The growth pace was the most rapid in May 2022 when the average import price increased by 42% month-to-month. Over the period under review, average import prices hit record highs at $1.8 per unit in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($2.2 per unit), while the price for Turkey ($987 per thousand units) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Oman (FOB) - 2022

The average export price for electrical insulators of any materials stood at $1.4 per unit in 2022, rising by 871% against the previous year. Overall, the export price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 3,093%. Over the period under review, the average export prices attained the peak figure at $6.1 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($1.4 per unit) and the United Arab Emirates ($1.4 per unit), while the average price for exports to Cameroon ($1.4 per unit) and Yemen ($1.4 per unit) were 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 (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Oman

In 2022, supplies from abroad of electrical insulators of any materials was finally on the rise to reach 11M units after two years of decline. Overall, imports, however, continue to indicate a deep setback. Imports peaked at 15M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulators of any material imports skyrocketed to $6.8M in 2022. In general, imports, however, continue to indicate a deep downturn. Imports peaked at $8.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Electrical Insulators of Any Material to Oman in 2022:

1. China (4.3M units)
2. United Arab Emirates (4.2M units)
3. India (1.5M units)
4. United States (0.5M units)
5. Italy (0.2M units)
6. United Kingdom (0.2M units)

Exports of Electrical Insulators of Any Material in Oman

After three years of growth, shipments abroad of electrical insulators of any materials decreased by -85.5% to 209K units in 2022. In general, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 1.4M units, and then shrank rapidly in the following year.

In value terms, electrical insulators of any material exports surged to $302K in 2022. Overall, exports continue to indicate a abrupt decline. The exports peaked at $405K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Electrical Insulators of Any Material from Oman in 2022:

1. United Arab Emirates (136.3K units)
2. Cameroon (38.0K units)
3. Yemen (21.6K units)
4. Germany (5.0K units)
5. Australia (4.2K units)

Source: IndexBox Market Intelligence Platform