Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman - 2022

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (CIF) - 2022
  2. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (FOB) - 2022
  3. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman
  4. Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (CIF) - 2022

The average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $3,692 per ton in 2022, rising by 14% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs increased by +96.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 72%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 ($5,657 per ton), while the price for Iran amounted to $3,637 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (FOB) - 2022

The average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $2,363 per ton in 2020, which is down by -9% against the previous year. In general, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 93%. Over the period under review, the average export prices hit record highs at $2,854 per ton in 2017; however, from 2018 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2020, the rate of growth in terms of prices for Qatar amounted to -6.1% per year.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman

In 2022, purchases abroad of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs decreased by -91% to 108 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 419%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs fell dramatically to $399K in 2022. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 268%.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran7562,6663,631382-20.4%
United Arab Emirates7.321826216.832.0%
Others21.7N/AN/AN/A0%
Total7852,8843,893399-20.2%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to Oman in 2022:

  1. Iran (105.1 tons)
  2. United Arab Emirates (3.0 tons)

Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman

In 2020, the amount of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs exported from Oman shrank sharply to 103 tons, reducing by -17.1% compared with the previous year. In general, exports saw a deep contraction.

In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs dropped remarkably to $242K in 2020. Over the period under review, exports showed a dramatic slump.

Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Oman (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
QatarN/A2420%
Indonesia9.5N/A0%
Singapore31.8N/A0%
Taiwan (Chinese)280N/A0%
OthersN/AN/A0%
Total321242-24.6%

Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc from Oman in 2022:

  1. Qatar (102.6 tons)

Source: IndexBox Market Intelligence Platform

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