Price for Mineral Substances Not Elsewhere Specified or Included in Oman - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Oman (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Oman (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Oman
- Exports of Mineral Substances Not Elsewhere Specified or Included in Oman
Price for Mineral Substances Not Elsewhere Specified or Included in Oman (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $499 per ton in 2022, rising by 6% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 88% against the previous year. Over the period under review, average import prices attained the maximum at $609 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($734 per ton), while the price for Spain ($200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in Oman (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $699 per ton, increasing by 223% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 274% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,356 per ton), while the average price for exports to Yemen ($293 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 (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Oman
After three years of growth, supplies from abroad of mineral substances not elsewhere specified or includeds decreased by -37.6% to 278 tons in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year.
In value terms, imports of mineral substances not elsewhere specified or includeds dropped rapidly to $139K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports reached the peak of $209K, and then declined remarkably in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.1 | 1.0 | 1.3 | 47.1 | 249.8% |
| United States | 5.2 | 5.2 | 5.6 | 39.9 | 97.2% |
| United Arab Emirates | 6.1 | 4.6 | 23.8 | 24.1 | 58.1% |
| Turkey | 0.2 | 0.2 | 0.1 | 19.4 | 359.5% |
| Iran | 2.7 | 1.3 | 0.1 | 0.5 | -43.0% |
| Kenya | N/A | N/A | 5.8 | N/A | 0% |
| Latvia | 6.2 | 11.4 | 19.0 | N/A | 75.1% |
| Malaysia | 32.6 | 53.8 | 55.7 | N/A | 30.7% |
| Morocco | N/A | N/A | 10.7 | N/A | 0% |
| Others | 23.2 | 36.1 | 87.3 | 7.7 | -30.8% |
| Total | 77.3 | 114 | 209 | 139 | 21.6% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Oman in 2022:
- United States (119.1 tons)
- Saudi Arabia (64.1 tons)
- Turkey (51.3 tons)
- United Arab Emirates (35.4 tons)
- Iran (3.1 tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Oman
In 2022, exports of mineral substances not elsewhere specified or includeds from Oman fell significantly to 20 tons, with a decrease of -77.5% against the year before. Over the period under review, exports saw a sharp reduction. The smallest decline of -64.6% was in 2021.
In value terms, exports of mineral substances not elsewhere specified or includeds reduced sharply to $14K in 2022. Overall, exports faced a precipitous decrease.
| Export of Mineral Substances Not Elsewhere Specified or Included in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 3.7 | 2.0 | 8.4 | 203.7% |
| Yemen | N/A | 1.1 | 0.2 | 3.2 | 70.6% |
| United Kingdom | N/A | N/A | N/A | 1.0 | 0% |
| Germany | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | 109 | 36.3 | 15.8 | N/A | -61.9% |
| United Arab Emirates | 7.3 | 0.3 | N/A | N/A | -95.9% |
| Others | 0.4 | 0.7 | 1.3 | 1.2 | 44.2% |
| Total | 117 | 42.2 | 19.3 | 14.0 | -50.7% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Oman in 2022:
- Yemen (10.8 tons)
- China (6.2 tons)
- United Kingdom (2.4 tons)
- Germany (0.4 tons)
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