Oman: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Oman

For the fifth consecutive year, the Omani aluminium and titanium market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Aluminium And Titanium Production in Oman

In value terms, aluminium and titanium production stood at $X in 2022 estimated in export price. In general, production saw pronounced growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Aluminium And Titanium Exports

Exports from Oman

In 2022, shipments abroad of aluminium and titanium decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, aluminium and titanium exports surged to $X in 2022. In general, exports recorded a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the Netherlands (X tons) and India (X tons) were the main destinations of aluminium and titanium exports from Oman, with a combined X% share of total exports. Turkey, France, Pakistan, Italy, Bahrain, China, Taiwan (Chinese), Indonesia and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the Netherlands ($X) and India ($X) appeared to be the largest markets for aluminium and titanium exported from Oman worldwide, with a combined X% share of total exports. Turkey, France, Pakistan, Italy, Bahrain, China, Taiwan (Chinese), Indonesia and Thailand lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium and titanium export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Malaysia ($X per ton) and Thailand ($X 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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into Oman

Aluminium and titanium imports into Oman shrank rapidly to X tons in 2022, reducing by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium and titanium imports contracted to $X in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Qatar (X tons), Vietnam (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminium and titanium imports to Oman, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Vietnam ($X) and the United Arab Emirates ($X) were the largest aluminium and titanium suppliers to Oman, together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium and titanium import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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