Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $522 per ton, declining by -16.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. The import price peaked at $966 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Kuwait ($554 per ton), while the price for Turkey ($272 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $603 per ton in 2022, which is down by -4% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure at $990 per ton in 2012; however, from 2013 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 Mauritius ($1,118 per ton), while the average price for exports to the United Arab Emirates ($325 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 Singapore (+28.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Oman soared to 39K tons, picking up by 29% compared with 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 -18.4% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 79% against the previous year. As a result, imports reached the peak of 48K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded significantly to $20M in 2022. The total import value increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.2 | 12.9 | 6.5 | 9.4 | 9.3% |
| Iraq | 0.9 | 3.1 | 6.6 | 5.5 | 82.8% |
| Kuwait | 1.2 | 1.9 | 2.2 | 3.3 | 40.1% |
| Iran | 3.2 | 2.7 | 2.7 | 0.9 | -34.5% |
| China | 0.6 | 0.7 | 0.6 | 0.7 | 5.3% |
| Turkey | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Others | 0.5 | 0.2 | 0.2 | 0.3 | -15.7% |
| Total | 14.2 | 21.7 | 18.8 | 20.2 | 12.5% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Oman in 2022:
- United Arab Emirates (17.9K tons)
- Iraq (10.4K tons)
- Kuwait (6.0K tons)
- Iran (1.7K tons)
- China (1.3K tons)
- Turkey (0.4K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
After three years of growth, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -15.7% to 9.7K tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 46% against the previous year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped significantly to $5.9M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of $7.3M, and then contracted remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 2.3 | 4.2 | 3.9 | 4.0 | 20.3% |
| Mauritius | 0.2 | 0.1 | 0.1 | 1.1 | 76.5% |
| Qatar | 0.2 | 0.2 | 0.1 | 0.7 | 51.8% |
| Singapore | N/A | N/A | 3.0 | N/A | 0% |
| Others | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| Total | 2.8 | 4.5 | 7.3 | 5.9 | 28.2% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Oman in 2022:
- Myanmar (6.7K tons)
- Qatar (1.9K tons)
- Mauritius (1.0K tons)
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