Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman - 2022

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman (CIF) - 2022

The average import price for nickel; bars, rods and profiles, of nickel alloyses stood at $40,415 per ton in 2022, growing by 11% against the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 435%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($40,451 per ton), while the price for China ($8,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+76.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman (FOB) - 2022

The average export price for nickel; bars, rods and profiles, of nickel alloyses stood at $42,821 per ton in 2022, growing by 20% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 357% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($43,025 per ton), while the average price for exports to Iran stood at $42,816 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+62.9%).

Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman

In 2022, overseas purchases of nickel; bars, rods and profiles, of nickel alloyses decreased by -83.1% to 19 tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 969%. As a result, imports attained the peak of 176 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses shrank dramatically to $761K in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,000% against the previous year. As a result, imports reached the peak of $6.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	43.7	246	134	622	142.3%
Qatar	0.2	63.2	54.2	54.2	547.1%
United Kingdom	0.6	10.6	24.3	34.8	287.1%
India	0.1	1.2	16.4	16.1	444.0%
Czech Republic	N/A	1.4	13.1	15.4	231.7%
South Korea	108	1,245	569	N/A	129.5%
China	399	4,678	3,008	N/A	174.6%
Germany	30.3	247	203	N/A	158.8%
Others	11.9	28.5	37.6	18.2	15.2%
Total	593	6,520	4,060	761	8.7%

Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Oman in 2022:

United Arab Emirates (15.4 tons)
Qatar (1.3 tons)
United Kingdom (0.9 tons)
Czech Republic (0.4 tons)
India (0.4 tons)

Exports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Oman

In 2022, shipments abroad of nickel; bars, rods and profiles, of nickel alloyses decreased by -94.9% to 5.4 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 658% against the previous year. As a result, the exports attained the peak of 166 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of nickel; bars, rods and profiles, of nickel alloyses reduced notably to $230K in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 589% against the previous year. As a result, the exports attained the peak of $6.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.