Oman - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Oman - 2021
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Oman (CIF) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Oman (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Oman
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Oman
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Oman (CIF) - 2022
The average import price for hot-rolled non-alloy steel wire rods stood at $524 per ton in 2022, dropping by -15.7% against the previous year. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. The import price peaked at $670 per ton in 2013; however, from 2014 to 2022, 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 India ($778 per ton), while the price for the United Arab Emirates ($478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Oman (FOB) - 2022
In 2022, the average export price for hot-rolled non-alloy steel wire rods amounted to $537 per ton, waning by -8.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2014 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $586 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($1,758 per ton), while the average price for exports to the United Arab Emirates ($234 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 Myanmar (+34.7%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Oman
In 2022, imports of hot-rolled non-alloy steel wire rods into Oman skyrocketed to 43K tons, with an increase of 20% against the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 87% against the previous year. As a result, imports attained the peak of 50K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled non-alloy steel wire rod imports amounted to $22M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 decreased by -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of $23M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.2 | 15.0 | 6.1 | 11.1 | 10.6% |
| Iraq | 1.0 | 3.4 | 3.2 | 6.3 | 84.7% |
| Iran | 3.5 | 3.0 | 1.3 | 3.1 | -4.0% |
| India | 0.3 | 0.4 | 0.6 | 0.8 | 38.7% |
| Turkey | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Saudi Arabia | 0.5 | 0.1 | 0.2 | 0.3 | -15.7% |
| China | 0.6 | 0.7 | 0.2 | 0.3 | -20.6% |
| Malaysia | N/A | N/A | 5.1 | N/A | 0% |
| Others | N/A | 0.1 | 5.2 | 0.1 | 0.0% |
| Total | 14.2 | 22.6 | 22.1 | 22.4 | 16.4% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Oman in 2022:
- United Arab Emirates (23.1K tons)
- Iraq (11.7K tons)
- Iran (4.9K tons)
- India (1.1K tons)
- Turkey (0.8K tons)
- Saudi Arabia (0.6K tons)
- China (0.4K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Oman
In 2022, approx. 8.1K tons of hot-rolled non-alloy steel wire rods were exported from Oman; waning by -18.4% on the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.4% 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 +46.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. As a result, the exports attained the peak of 9.9K tons, and then declined markedly in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports reduced notably to $4.3M in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 102%. As a result, the exports attained the peak of $5.8M, and then dropped rapidly in the following year.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 971 | 1,088 | 3,610 | 2,715 | 40.9% |
| Qatar | 195 | 86.5 | 3.3 | 1,369 | 91.5% |
| United Arab Emirates | 1,860 | 180 | 10.9 | 163 | -55.6% |
| Myanmar | N/A | 1,426 | 727 | 41.1 | -83.0% |
| Singapore | N/A | N/A | 330 | N/A | 0% |
| Others | 125 | 95.8 | 1,129 | 55.6 | -23.7% |
| Total | 3,151 | 2,876 | 5,811 | 4,344 | 11.3% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Oman in 2022:
- Myanmar (undefinedK tons)
- Mauritius (4.5K tons)
- Qatar (2.8K tons)
- United Arab Emirates (0.7K tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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