Price for Zinc; Bars, Rods, Profiles and Wire in Oman - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Oman (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Oman (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Oman
- Exports of Zinc; Bars, Rods, Profiles and Wire in Oman
Price for Zinc; Bars, Rods, Profiles and Wire in Oman (CIF) - 2022
In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $4,613 per ton, picking up by 3.7% against the previous year. In general, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 99% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 the United States ($17,359 per ton), while the price for Turkey ($1,018 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in Oman (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $3,508 per ton in 2022, with an increase of 79% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The export price peaked at $4,267 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($4,057 per ton) and Belize ($3,733 per ton), while the average price for exports to the United Arab Emirates ($3,140 per ton) and Free Zones ($3,730 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+45.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in Oman
In 2022, approx. 12 tons of zinc; bars, rods, profiles and wires were imported into Oman; which is down by -38.1% compared with the previous year. In general, imports faced a sharp decrease.
In value terms, imports of zinc; bars, rods, profiles and wires reduced dramatically to $54K in 2022. Over the period under review, imports saw a sharp decline. The smallest decline of -12.8% was in 2021.
| Import of Zinc; Bars, Rods, Profiles and Wire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 75.7 | 48.8 | 67.1 | 26.7 | -29.3% |
| China | 24.7 | 13.1 | 5.7 | 7.3 | -33.4% |
| Saudi Arabia | 18.1 | 5.2 | 2.4 | 5.3 | -33.6% |
| Turkey | 13.1 | 6.6 | 2.6 | 4.8 | -28.4% |
| Netherlands | 24.1 | 5.4 | 0.4 | 4.3 | -43.7% |
| United States | 11.0 | 5.3 | 2.1 | 3.8 | -29.8% |
| India | 16.2 | 10.9 | 1.8 | 0.4 | -70.9% |
| Others | 5.3 | 0.7 | 1.4 | 0.9 | -44.6% |
| Total | 188 | 95.8 | 83.5 | 53.6 | -34.2% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Oman in 2022:
- Turkey (4.8 tons)
- United Arab Emirates (4.0 tons)
- China (1.2 tons)
- Netherlands (0.7 tons)
- Saudi Arabia (0.5 tons)
- United States (0.2 tons)
- India (0.1 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Oman
In 2022, shipments abroad of zinc; bars, rods, profiles and wires decreased by -55.3% to 1.8 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,352% against the previous year. As a result, the exports reached the peak of 6.2 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of zinc; bars, rods, profiles and wires fell significantly to $6.2K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,282% against the previous year. As a result, the exports attained the peak of $14K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Zinc; Bars, Rods, Profiles and Wire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 11.0 | 4.4 | 2.8 | 141.0% |
| Qatar | 0.8 | 2.1 | 2.2 | 1.6 | 26.0% |
| Belize | N/A | N/A | N/A | 1.0 | 0% |
| Free Zones | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Yemen | N/A | 1.2 | N/A | N/A | 0% |
| Tanzania | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 14.4 | 7.7 | 6.2 | 83.7% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Oman in 2022:
- United Arab Emirates (877.0 kg)
- Qatar (385.0 kg)
- Belize (277.0 kg)
- Free Zones (222.0 kg)
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