Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.7 per unit, picking up by 159% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($1.7 per unit), while the price for India ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.1 per unit, growing by 70% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 146%. As a result, the export price attained the peak level of $0.2 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($0.1 per unit), while the average price for exports to the United Arab Emirates amounted to less than $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+4.9%), while the prices for the other major destinations experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman

In 2022, purchases abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -48.3% to 28K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 184K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $20K in 2022. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. As a result, imports reached the peak of $56K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Oman in 2022:

1. United Arab Emirates (15.7K units)
2. India (8.4K units)
3. Saudi Arabia (3.9K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Oman

In 2022, after two years of decline, there was significant growth in overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones, when their volume increased by 51% to 12K units. Overall, exports, however, saw a precipitous descent. The exports peaked at 24K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $962 in 2022. In general, exports, however, faced a sharp reduction. The exports peaked at $2.3K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Oman in 2022:

1. India (9.4K units)
2. United Arab Emirates (2.3K units)

Source: IndexBox Market Intelligence Platform