Price for Steel, Alloy; Semi-Finished Products in Oman - 2021
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Oman (FOB) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Oman (CIF) - 2022
- Exports of Steel, Alloy; Semi-Finished Products in Oman
- Imports of Steel, Alloy; Semi-Finished Products in Oman
Price for Steel, Alloy; Semi-Finished Products in Oman (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $973 per ton, with an increase of 47% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. Over the period under review, the average export prices reached the maximum at $1,731 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($983 per ton), while the average price for exports to India stood at $921 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+384.1%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Semi-Finished Products in Oman (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $2,614 per ton in 2022, shrinking by -25.7% against the previous year. Over the period under review, the import price, however, posted a slight expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the maximum at $3,516 per ton in 2021, and then fell dramatically in the following year.
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 Arab Emirates ($3,282 per ton), while the price for Saudi Arabia ($841 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Semi-Finished Products in Oman
In 2022, shipments abroad of steel, alloy; semi-finished productses decreased by -99.9% to 30 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 273% against the previous year.
In value terms, steel, alloy; semi-finished products exports fell notably to $29K in 2022. Overall, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 329%.
| Export of Steel, Alloy; Semi-Finished Products in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.9 | N/A | N/A | N/A | 0% |
| China | N/A | 11.5 | N/A | N/A | 0% |
| India | 0.1 | 1.1 | 2.2 | N/A | 369.0% |
| Taiwan (Chinese) | 1.7 | N/A | N/A | N/A | 0% |
| Italy | 0.8 | 2.4 | 6.0 | N/A | 173.9% |
| Australia | N/A | N/A | 1.5 | N/A | 0% |
| Others | N/A | N/A | 6.6 | N/A | 0% |
| Total | 3.5 | 15.0 | 16.4 | N/A | 116.5% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Oman in 2022:
- Italy (23.4 tons)
- India (6.5 tons)
Imports of Steel, Alloy; Semi-Finished Products in Oman
In 2022, after two years of decline, there was significant growth in purchases abroad of steel, alloy; semi-finished productses, when their volume increased by 68% to 76 tons. Overall, imports, however, faced a abrupt contraction.
In value terms, steel, alloy; semi-finished products imports surged to $199K in 2022. In general, imports, however, recorded a deep reduction.
| Import of Steel, Alloy; Semi-Finished Products in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 218 | 182 | 112 | 148 | -12.1% |
| India | 0.6 | 4.4 | 26.6 | 23.0 | 237.2% |
| Saudi Arabia | 17.8 | 24.9 | 6.7 | 14.3 | -7.0% |
| China | 7.0 | 5.7 | 4.8 | 3.5 | -20.6% |
| Others | 12.9 | 21.2 | 9.5 | 10.0 | -8.1% |
| Total | 257 | 239 | 159 | 199 | -8.2% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Oman in 2022:
- United Arab Emirates (45.2 tons)
- Saudi Arabia (17.0 tons)
- India (11.6 tons)
- China (1.9 tons)
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