Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman
- Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia amounted to $1,515 per ton, surging by 12% against the previous year. Overall, the export price saw mild growth. The most prominent rate of growth was recorded in 2018 an increase of 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,703 per ton), while the average price for exports to Yemen ($371 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 (+100.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (CIF) - 2022
The average import price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia stood at $1,750 per ton in 2022, increasing by 43% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $2,023 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($1,750 per ton) and India ($1,750 per ton), while the price for Malaysia ($1,750 per ton) and China ($1,750 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman
In 2022, shipments abroad of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia decreased by -22.9% to 84K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,357%. As a result, the exports attained the peak of 109K tons, and then fell remarkably in the following year.
In value terms, exports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia shrank to $127M in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 1,671% against the previous year. As a result, the exports attained the peak of $148M, and then fell in the following year.
| Export of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 2.3 | 81.6 | 72.7 | 332.3% |
| United Arab Emirates | N/A | 4.7 | 49.7 | 27.8 | 143.2% |
| Qatar | N/A | N/A | 10.4 | 9.9 | -4.8% |
| Yemen | N/A | N/A | N/A | 3.6 | 0% |
| Bahrain | N/A | N/A | 0.1 | 2.8 | 2700.0% |
| Egypt | N/A | N/A | N/A | 2.8 | 0% |
| India | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Singapore | N/A | N/A | 0.9 | 0.6 | -33.3% |
| Others | N/A | 1.3 | 5.1 | 6.1 | 116.6% |
| Total | 0.9 | 8.4 | 148 | 127 | 420.6% |
Top Export Markets for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section from Oman in 2022:
- United States (42.7K tons)
- United Arab Emirates (16.3K tons)
- Yemen (9.8K tons)
- Qatar (5.8K tons)
- Bahrain (1.6K tons)
- Egypt (1.6K tons)
- India (1.6K tons)
- Singapore (0.4K tons)
Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman
In 2022, approx. 7K tons of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia were imported into Oman; which is down by -34.7% compared with 2021 figures. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year.
In value terms, imports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia shrank to $12M in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 78%. As a result, imports reached the peak of $13M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.2 | 4.8 | 8.9 | 7.5 | 13.0% |
| China | 0.9 | 0.8 | 2.3 | 2.0 | 30.5% |
| Saudi Arabia | N/A | 0.2 | 0.7 | 1.1 | 134.5% |
| India | 4.8 | 0.3 | 0.2 | 0.7 | -47.4% |
| Vietnam | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Malaysia | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.5 | 0.9 | 0.8 | 0.3 | -15.7% |
| Total | 11.7 | 7.3 | 13.1 | 12.2 | 1.4% |
Top Suppliers of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section to Oman in 2022:
- United Arab Emirates (4294.6 tons)
- China (1148.1 tons)
- Saudi Arabia (642.2 tons)
- India (423.9 tons)
- Vietnam (153.4 tons)
- Malaysia (115.0 tons)
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