Price for Hot-Rolled Wire Rod in Coils in Oman - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Oman (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Oman (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Oman
- Exports of Hot-Rolled Wire Rod in Coils in Oman
Price for Hot-Rolled Wire Rod in Coils in Oman (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $839 per ton, growing by 25% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +50.0% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($843 per ton), while the price for Iraq ($831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Oman (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $785 per ton in 2022, rising by 16% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 30%. The export price peaked at $980 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($819 per ton), while the average price for exports to Yemen ($432 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 the United Arab Emirates (-2.6%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Oman
In 2022, approx. 42K tons of hot-rolled wire rods in coils were imported into Oman; dropping by -34% on the year before. In general, imports faced a sharp curtailment. The smallest decline of -17.7% was in 2020.
In value terms, hot-rolled wire rod in coils imports dropped significantly to $36M in 2022. Overall, imports saw a abrupt decrease. The smallest decline of -2.5% was in 2021.
| Import of Hot-Rolled Wire Rod in Coils in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 30.9 | 29.4 | 17.1 | 21.1 | -11.9% |
| Iraq | 3.7 | 7.1 | 16.9 | 12.0 | 48.0% |
| Iran | 13.3 | 6.2 | 7.0 | 1.9 | -47.7% |
| Turkey | 2.8 | 0.3 | N/A | N/A | -89.3% |
| Others | 1.7 | 1.0 | 1.9 | 0.5 | -33.5% |
| Total | 52.3 | 44.1 | 43.0 | 35.6 | -12.0% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Oman in 2022:
- United Arab Emirates (25.0K tons)
- Iraq (14.5K tons)
- Iran (2.3K tons)
Exports of Hot-Rolled Wire Rod in Coils in Oman
In 2022, approx. 25K tons of hot-rolled wire rods in coils were exported from Oman; rising by 114% compared with 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 382%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports soared to $19M in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 526% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Wire Rod in Coils in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 1.6 | 0.3 | 6.7 | 17.8 | 123.2% |
| Yemen | N/A | N/A | 0.9 | 1.1 | 22.2% |
| Somalia | N/A | 0.5 | N/A | N/A | 0% |
| United Arab Emirates | 1.6 | 0.2 | 0.1 | N/A | -75.0% |
| Others | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Total | 3.2 | 1.2 | 7.7 | 19.3 | 82.0% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Oman in 2022:
- Qatar (21.7K tons)
- Yemen (2.5K tons)
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