Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $481 per ton, picking up by 2.3% against the previous year. Over the period under review, the import price showed a moderate increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($492 per ton) and Morocco ($469 per ton), while the price for Malaysia ($445 per ton) and South Africa ($445 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+74.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $413 per ton, rising by 61% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +85.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($442 per ton) and India ($423 per ton), while the average price for exports to the United Arab Emirates ($361 per ton) and Malaysia ($413 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman
In 2022, approx. 21K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Oman; with a decrease of -80.4% on 2021 figures. Overall, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell rapidly to $10M in 2022. Over the period under review, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 137% against the previous year. As a result, imports reached the peak of $50M, and then shrank sharply in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | 1.4 | 5.6 | 7.0 | 123.6% |
| United Arab Emirates | 15.9 | 7.4 | 21.2 | 2.0 | -49.9% |
| South Africa | N/A | N/A | N/A | 0.3 | 0% |
| Free Zones | 14.7 | N/A | 0.2 | N/A | -88.3% |
| United States | N/A | 8.7 | 21.1 | N/A | 142.5% |
| Yemen | 3.4 | N/A | N/A | N/A | 0% |
| Others | 2.8 | 3.5 | 1.6 | 0.6 | -40.2% |
| Total | 36.9 | 21.0 | 49.7 | 10.0 | -35.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Oman in 2022:
- Morocco (15.0K tons)
- United Arab Emirates (4.1K tons)
- South Africa (0.7K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Oman reduced remarkably to 7.3K tons, falling by -35.5% on 2021. Overall, exports saw a precipitous contraction.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reached $3M in 2022. In general, exports saw a precipitous curtailment.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 46.3 | 3.8 | 1.7 | 1.4 | -68.8% |
| United Arab Emirates | 0.7 | 1.3 | 0.2 | 0.8 | 4.6% |
| India | 19.5 | 3.2 | 1.0 | 0.7 | -67.0% |
| Malaysia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Total | 66.8 | 8.6 | 2.9 | 3.0 | -64.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Oman in 2022:
- Pakistan (3.2K tons)
- United Arab Emirates (2.1K tons)
- India (1.6K tons)
- Malaysia (0.4K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Oman.
672
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
282
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Oman.
672
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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