Price for Railway or Tramway Track Constructions of Iron or Steel in Oman - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Oman (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Oman (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Oman
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Oman

Price for Railway or Tramway Track Constructions of Iron or Steel in Oman (CIF) - 2022

The average import price for railway or tramway track constructions of iron or steel stood at $1,896 per ton in 2022, growing by 3.6% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 railway or tramway track constructions of iron or steel decreased by -0.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 107% against the previous year. As a result, import price attained the peak level of $1,912 per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,480 per ton), while the price for China ($1,598 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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Oman (FOB) - 2022

The average export price for railway or tramway track constructions of iron or steel stood at $1,122 per ton in 2022, falling by -39.9% against the previous year. Over the period under review, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 an increase of 247% against the previous year. As a result, the export price attained the peak level of $1,866 per ton, and then declined rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,278 per ton), while the average price for exports to the United Arab Emirates ($807 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 Saudi Arabia (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Oman

For the third year in a row, Oman recorded decline in supplies from abroad of railway or tramway track constructions of iron or steel, which decreased by -73.4% to 352 tons in 2022. Overall, imports continue to indicate a sharp slump. The smallest decline of -22.6% was in 2020.

In value terms, imports of railway or tramway track constructions of iron or steel fell notably to $668K in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -12% was in 2020.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Oman in 2022:

1. China (185.2 tons)
2. United Arab Emirates (103.7 tons)
3. India (27.7 tons)
4. Luxembourg (16.8 tons)
5. Poland (7.0 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Oman

In 2022, approx. 76 tons of railway or tramway track constructions of iron or steel were exported from Oman; growing by 361% on the year before. Overall, exports enjoyed a noticeable expansion.

In value terms, exports of railway or tramway track constructions of iron or steel surged to $85K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 216% against the previous year. As a result, the exports attained the peak of $112K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Oman in 2022:

1. Qatar (49.8 tons)
2. United Arab Emirates (24.2 tons)
3. Indonesia (1.8 tons)

Source: IndexBox Market Intelligence Platform