Price for Steel, Stainless; Angles, Shapes and Sections in Oman - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Oman (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Oman (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Oman
- Exports of Steel, Stainless; Angles, Shapes and Sections in Oman
Price for Steel, Stainless; Angles, Shapes and Sections in Oman (CIF) - 2022
The average import price for steel, stainless stood at $4,191 per ton in 2022, rising by 104% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 France ($26,341 per ton), while the price for Bulgaria ($849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Oman (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $1,636 per ton, growing by 6.7% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $1,871 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($3,808 per ton), while the average price for exports to Bahrain ($928 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 Malaysia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Oman
After two years of decline, supplies from abroad of steel, stainless increased by 0.9% to 332 tons in 2022. In general, imports, however, continue to indicate a deep contraction.
In value terms, imports of steel, stainless skyrocketed to $1.1M in 2022. Over the period under review, imports, however, saw a abrupt contraction.
| Import of Steel, Stainless; Angles, Shapes and Sections in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 993 | 715 | 305 | 632 | -14.0% |
| India | 81.9 | 46.8 | 25.1 | 247 | 44.5% |
| Turkey | 152 | 326 | 186 | 105 | -11.6% |
| Bulgaria | 44.8 | 20.9 | 29.7 | 25.8 | -16.8% |
| Saudi Arabia | 38.5 | 87.9 | 49.4 | 19.6 | -20.2% |
| China | 33.5 | 12.3 | 15.4 | 19.2 | -16.9% |
| Others | 177 | 103 | 91.8 | 67.9 | -27.3% |
| Total | 1,521 | 1,313 | 702 | 1,116 | -9.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Oman in 2022:
- United Arab Emirates (197.7 tons)
- India (52.1 tons)
- Bulgaria (30.3 tons)
- Turkey (19.6 tons)
- Saudi Arabia (17.1 tons)
- China (6.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Oman
In 2022, overseas shipments of steel, stainless decreased by -13.3% to 21 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 205%. As a result, the exports reached the peak of 152 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless contracted to $34K in 2022. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 139%. As a result, the exports reached the peak of $143K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; Angles, Shapes and Sections in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 12.1 | 24.4 | 13.7 | 10.6 | -4.3% |
| Indonesia | N/A | N/A | 0.7 | 7.3 | 942.9% |
| Qatar | 15.4 | 16.2 | 8.2 | 7.2 | -22.4% |
| Bahrain | 13.6 | 13.6 | 2.7 | 4.3 | -31.9% |
| United Arab Emirates | 11.6 | 7.3 | 3.8 | 3.6 | -32.3% |
| Malaysia | 4.0 | 4.0 | 0.5 | 0.2 | -63.2% |
| Yemen | N/A | 69.0 | 6.7 | N/A | -90.3% |
| Others | 2.9 | 8.2 | 0.3 | 0.7 | -37.7% |
| Total | 59.7 | 143 | 36.6 | 33.8 | -17.3% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Oman in 2022:
- Saudi Arabia (6.7 tons)
- Bahrain (4.6 tons)
- United Arab Emirates (3.7 tons)
- Indonesia (3.6 tons)
- Qatar (1.9 tons)
- Malaysia (0.1 tons)
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