Price for Zinc; Waste and Scrap in Oman - 2021

Contents:

1. Price for Zinc; Waste and Scrap in Oman (FOB) - 2022
2. Price for Zinc; Waste and Scrap in Oman (CIF) - 2022
3. Exports of Zinc; Waste and Scrap in Oman
4. Imports of Zinc; Waste and Scrap in Oman

Price for Zinc; Waste and Scrap in Oman (FOB) - 2022

The average zinc; waste and scrap export price stood at $1,528 per ton in 2021, increasing by 26% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc; waste and scrap export price decreased by -23.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs at $1,993 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,581 per ton), while the average price for exports to India totaled $1,314 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Zinc; Waste and Scrap in Oman (CIF) - 2022

The average zinc; waste and scrap import price stood at $761 per ton in 2021, increasing by 102% against the previous year. Overall, the import price posted a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.5% per year.

Exports of Zinc; Waste and Scrap in Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of zinc; waste and scraps, when their volume decreased by -21.4% to 1K tons. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 123% against the previous year.

In value terms, zinc; waste and scrap exports reduced remarkably to $1.4M in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 120% against the previous year. As a result, the exports attained the peak of $2M, and then reduced sharply in the following year.

Top Export Markets for Zinc; Waste and Scrap from Oman in 2022:

1. United Arab Emirates (1026.0 tons)
2. India (252.0 tons)

Imports of Zinc; Waste and Scrap in Oman

In 2022, overseas purchases of zinc; waste and scraps decreased by -44.2% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 758% against the previous year. As a result, imports attained the peak of 31 tons, and then contracted sharply in the following year.

In value terms, zinc; waste and scrap imports fell markedly to $12K in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,632%. As a result, imports attained the peak of $23K, and then declined markedly in the following year.

Top Suppliers of Zinc; Waste and Scrap to Oman in 2022:

1. United States (1.9 tons)

Source: IndexBox Market Intelligence Platform