Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $17,970 per ton, with an increase of 21% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($30,826 per ton), while the price for China ($5,598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+38.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $13,167 per ton, picking up by 53% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 567%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iran ($13,241 per ton) and Somalia ($13,171 per ton), while the average price for exports to Qatar ($13,129 per ton) and Canada ($13,150 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 Iran (+65.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman
In 2022, supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -2.4% to 29 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports attained the peak of 55 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $526K in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of $786K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 258 | 547 | 247 | 305 | 5.7% |
| Qatar | 80.6 | 76.3 | 44.1 | 61.0 | -8.9% |
| China | 4.2 | 24.0 | 28.7 | 35.4 | 103.5% |
| Germany | 22.6 | 49.3 | 13.6 | 24.2 | 2.3% |
| United States | 30.3 | 14.1 | 24.3 | 21.9 | -10.3% |
| Singapore | 6.9 | 3.9 | 3.0 | 16.4 | 33.5% |
| Turkey | 7.7 | 2.8 | 10.6 | 11.5 | 14.3% |
| Netherlands | 11.9 | 12.6 | 13.7 | 10.8 | -3.2% |
| Others | 115 | 56.3 | 60.7 | 39.4 | -30.0% |
| Total | 537 | 786 | 446 | 526 | -0.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Oman in 2022:
- United Arab Emirates (13.4 tons)
- China (6.3 tons)
- Qatar (2.0 tons)
- Turkey (1.9 tons)
- United States (1.4 tons)
- Singapore (1.3 tons)
- Germany (1.0 tons)
- Netherlands (0.5 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman
In 2022, overseas shipments of iron or steel; non-threaded cotters and cotter-pinses decreased by -89.3% to 2.3 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. As a result, the exports attained the peak of 26 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reduced sharply to $30K in 2022. In general, exports showed a sharp decline. The growth pace was the most rapid in 2020 with an increase of 164%. As a result, the exports attained the peak of $288K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.3 | 92.7 | 22.4 | 17.2 | 33.1% |
| Canada | 0.1 | N/A | 0.1 | 3.2 | 217.5% |
| Singapore | N/A | N/A | N/A | 2.9 | 0% |
| Saudi Arabia | 0.4 | 0.2 | 1.1 | 2.1 | 73.8% |
| Qatar | 47.5 | 103 | 53.8 | 2.1 | -64.6% |
| Somalia | N/A | N/A | N/A | 1.0 | 0% |
| Iran | N/A | 4.5 | N/A | 1.0 | -52.9% |
| China | 2.8 | 9.7 | 6.9 | N/A | 57.0% |
| India | 34.5 | 0.3 | 0.1 | N/A | -94.6% |
| Italy | N/A | 44.1 | N/A | N/A | 0% |
| Yemen | N/A | N/A | 92.6 | N/A | 0% |
| Others | 16.3 | 33.5 | 5.4 | 0.2 | -76.9% |
| Total | 109 | 288 | 182 | 29.8 | -35.1% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Oman in 2022:
- United Arab Emirates (1304.0 kg)
- Canada (247.0 kg)
- Singapore (219.0 kg)
- Qatar (163.0 kg)
- Saudi Arabia (162.0 kg)
- Iran (79.0 kg)
- Somalia (76.0 kg)
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