Price for Steel, Alloy; Ingots and Other Primary Forms in Oman - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Oman (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Oman (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Oman
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Oman
Price for Steel, Alloy; Ingots and Other Primary Forms in Oman (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $717 per ton in 2022, falling by -3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, the average export prices attained the maximum at $766 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +10.8% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Oman (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $927 per ton in 2022, shrinking by -11.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 29% against the previous year. The import price peaked at $5,345 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($1,000 per ton) and Canada ($1,000 per ton), while the price for Iran ($926 per ton) and China ($1,000 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Oman
For the third consecutive year, Oman recorded growth in shipments abroad of steel, alloy; ingots and other primary formses, which increased by 20% to 6.1K tons in 2022. In general, total exports indicated significant growth from 2020 to 2022: its volume increased at an average annual rate of +28.1% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $4.4M in 2022. Overall, total exports indicated significant growth from 2020 to 2022: its value increased at an average annual rate of +26.2% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | N/A | N/A | 4.4 | 0% | |
| Yemen | 2.7 | N/A | N/A | 0% | |
| Canada | N/A | 3.8 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2.7 | 3.8 | 4.4 | 27.7% | |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Oman in 2022:
- United Arab Emirates (6.1K tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Oman
In 2022, purchases abroad of steel, alloy; ingots and other primary formses was finally on the rise to reach 2.8 tons after two years of decline. Over the period under review, imports, however, faced a dramatic decrease.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $2.6K in 2022. Overall, imports, however, showed a precipitous slump.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 14.1 | 1.6 | 0.4 | 2.5 | -43.8% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 14.2 | 1.6 | 0.4 | 2.6 | -43.2% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Oman in 2022:
- Iran (2.8 tons)
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