Price for Ferrous Waste and Scrap; of Stainless Steel in Oman - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Oman (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Oman (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Oman
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Oman
Price for Ferrous Waste and Scrap; of Stainless Steel in Oman (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,389 per ton, increasing by 9% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2017 an increase of 66% against the previous year. The export price peaked at $1,735 per ton in 2020; however, from 2021 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 Germany ($8,263 per ton), while the average price for exports to Pakistan ($981 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 Germany (+78.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Oman (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $2,071 per ton, increasing by 183% against the previous year. Over the period under review, the import price saw notable growth. The pace of growth appeared the most rapid in 2018 an increase of 187%. As a result, import price attained the peak level of $2,326 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 ($2,154 per ton), while the price for the United States ($1,346 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 States (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Oman
In 2022, exports of ferrous waste and scrap; of stainless steels from Oman fell remarkably to 574 tons, which is down by -38.9% on the previous year. Over the period under review, exports saw a sharp downturn. The smallest decline of -3% was in 2020.
In value terms, exports of ferrous waste and scrap; of stainless steels dropped rapidly to $797K in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 365 | 372 | 264 | 462 | 8.2% |
| Qatar | 622 | 788 | 722 | 213 | -30.0% |
| India | 101 | 144 | 148 | 66.4 | -13.0% |
| Pakistan | 65.7 | 67.9 | 57.6 | 11.5 | -44.1% |
| South Korea | 295 | 807 | N/A | N/A | 173.6% |
| China | 95.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 184 | 4.9 | 44.2 | -51.0% |
| Total | 1,544 | 2,362 | 1,197 | 797 | -19.8% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Oman in 2022:
- United Arab Emirates (430.0 tons)
- Qatar (100.1 tons)
- India (25.9 tons)
- Pakistan (11.7 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Oman
In 2022, imports of ferrous waste and scrap; of stainless steels into Oman expanded sharply to 129 tons, surging by 13% compared with 2021. Over the period under review, imports continue to indicate a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 94% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of ferrous waste and scrap; of stainless steels soared to $266K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 233 | 0% |
| United States | 10.8 | 21.1 | 5.7 | 15.9 | 13.8% |
| United Arab Emirates | 13.8 | 2.7 | 9.4 | 14.7 | 2.1% |
| Free Zones | 6.4 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | 35.5 | 42.7 | N/A | 20.3% |
| Yemen | 3.6 | N/A | N/A | N/A | 0% |
| Bahrain | N/A | N/A | 24.5 | N/A | 0% |
| Others | 94.4 | 3.7 | 1.0 | 3.1 | -68.0% |
| Total | 129 | 63.0 | 83.2 | 266 | 27.3% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Oman in 2022:
- Canada (107.9 tons)
- United States (11.8 tons)
- United Arab Emirates (6.8 tons)
284
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Oman.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
284
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Oman.
681
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
