Report Update: May 1, 2024

Oman - Railway or Tramway Track Construction Material of Iron or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Steel Railway Material Price in Oman - 2021

Steel Railway Material Price in Oman (CIF) - 2022

In 2022, the average steel railway material import price amounted to $1,761 per ton, falling by -7.8% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel railway material import price decreased by -4.1% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 100%. Over the period under review, average import prices reached the peak figure at $1,909 per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($1,768 per ton) and Luxembourg ($1,704 per ton), while the price for China ($1,692 per ton) and India ($1,694 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Railway Material Price in Oman (FOB) - 2022

In 2022, the average steel railway material export price amounted to $954 per ton, falling by -42.3% against the previous year. In general, the export price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 an increase of 263% against the previous year. As a result, the export price reached the peak level of $1,653 per ton, and then shrank notably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +29.2% per year.

Steel Railway Material Imports in Oman

In 2022, purchases abroad of railway material of steel was finally on the rise to reach 1.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic slump.

In value terms, steel railway material imports reduced to $2.4M in 2022. Over the period under review, imports, however, showed a significant curtailment.

Import of Steel Railway Material in Oman (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.1	0.3	0.4	1.6	152.0%
India	N/A	N/A	N/A	0.2	0%
Poland	N/A	N/A	N/A	0.1	0%
Luxembourg	N/A	0.1	0.1	0.1	0.0%
United Arab Emirates	1.7	0.7	0.3	N/A	-58.0%
Saudi Arabia	8.3	7.4	1.5	N/A	-57.5%
Others	1.2	0.6	0.3	0.4	-30.7%
Total	11.3	9.2	2.6	2.4	-40.3%

Top Suppliers of Steel Railway Material to Oman in 2022:

China (927.9 tons)
India (138.7 tons)
Luxembourg (84.0 tons)
Poland (35.3 tons)

Steel Railway Material Exports in Oman

Steel railway material exports from Oman soared to 123 tons in 2022, jumping by 131% against the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 519% against the previous year. As a result, the exports attained the peak of 325 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel railway material exports surged to $117K in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 195%. As a result, the exports attained the peak of $148K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Steel Railway Material in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Qatar	N/A	136	N/A	117	-7.2%
Kuwait	24.6	N/A	N/A	N/A	0%
United Arab Emirates	7.8	12.0	28.4	N/A	90.8%
Saudi Arabia	17.6	N/A	31.5	N/A	33.8%
Others	N/A	N/A	27.9	N/A	0%
Total	50.0	148	87.9	117	32.8%

Top Export Markets for Steel Railway Material from Oman in 2022:

Qatar (122.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel railway material market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107500 - Railway material (of steel)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023