Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $695 per ton in 2022, dropping by -12.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $820 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,048 per ton), while the price for China ($508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+48.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $8,117 per ton, rising by 447% against the previous year. Overall, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($15,914 per ton), while the average price for exports to the United Arab Emirates ($3,319 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 Myanmar (+343.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
In 2022, purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -13% to 98K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 112K tons, and then contracted in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined significantly to $68M in 2022. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 93%. As a result, imports attained the peak of $90M, and then reduced sharply in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.7 | 13.4 | 22.3 | 33.0 | 62.4% |
| China | 37.1 | 13.3 | 37.8 | 31.5 | -5.3% |
| Saudi Arabia | 0.2 | 2.5 | 4.7 | 2.7 | 138.1% |
| Turkey | N/A | 16.8 | N/A | N/A | 0% |
| Others | 0.2 | 0.4 | 24.9 | 0.8 | 58.7% |
| Total | 45.3 | 46.4 | 89.6 | 68.0 | 14.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Oman in 2022:
- China (62.0K tons)
- United States (31.5K tons)
- Saudi Arabia (2.7K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman
In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -15.2% to 17 tons, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 299% against the previous year. As a result, the exports reached the peak of 456 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $141K in 2022. Over the period under review, exports, however, continue to indicate a prominent increase.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 154 | 21.8 | 113 | -14.3% |
| Bahrain | 40.2 | 72.8 | 5.9 | 20.8 | -19.7% |
| India | 40.8 | 21.7 | 1.6 | 5.4 | -49.0% |
| United Arab Emirates | 4.7 | 2.6 | 0.2 | 0.8 | -44.6% |
| Others | N/A | N/A | 0.8 | 0.2 | -75.0% |
| Total | 85.7 | 251 | 30.3 | 141 | 18.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Oman in 2022:
- Myanmar (15.0 tons)
- Bahrain (1.3 tons)
- India (0.8 tons)
- United Arab Emirates (0.2 tons)
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