Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (CIF) - 2022
In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $4,651 per ton, jumping by 30% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 85%. As a result, import price attained the peak level of $7,066 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($13,700 per ton), while the price for Malaysia ($3,009 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (FOB) - 2022
In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $2,443 per ton, shrinking by -37% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 75%. As a result, the export price attained the peak level of $11,398 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($46,200 per ton), while the average price for exports to India amounted to $2,310 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+51.8%).
Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman
For the fourth consecutive year, Oman recorded growth in purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which increased by 1.2% to 210 tons in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 114% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $978K in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.2 | 3.2 | 325 | 256 | 985.8% |
| Malaysia | 4.5 | 22.3 | 31.4 | 204 | 256.6% |
| United Arab Emirates | 38.4 | 62.9 | 150 | 194 | 71.6% |
| United States | 127 | 45.4 | 52.5 | 140 | 3.3% |
| India | 21.7 | 89.6 | 76.7 | 61.1 | 41.2% |
| Singapore | 17.0 | 33.2 | 40.2 | 39.4 | 32.3% |
| China | 35.7 | 8.0 | 32.3 | 35.9 | 0.2% |
| Others | 25.1 | 77.1 | 36.6 | 46.7 | 23.0% |
| Total | 269 | 342 | 745 | 978 | 53.8% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Oman in 2022:
- Malaysia (67.9 tons)
- United Arab Emirates (61.0 tons)
- United States (19.0 tons)
- India (18.8 tons)
- Spain (18.7 tons)
- China (11.0 tons)
- Singapore (8.0 tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman
Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Oman surged to 3.3 tons in 2022, growing by 88% on 2021 figures. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $8.1K in 2022. In general, exports, however, saw a precipitous setback.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 26.0 | 17.4 | 6.2 | 7.7 | -33.3% |
| Yemen | N/A | 2.4 | N/A | N/A | 0% |
| Others | 2.7 | 1.5 | 0.7 | 0.5 | -43.0% |
| Total | 28.7 | 21.3 | 6.9 | 8.1 | -34.4% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Oman in 2022:
- India (3.3 tons)
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