Report Update Apr 1, 2024

Oman - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Oman

The Omani semi-manufactured gold market reduced remarkably to $X in 2022, with a decrease of -23.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Oman

In 2022, shipments abroad of gold, in semi-manufactured forms increased by 100% to X kg, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 217%. As a result, the exports attained the peak of X kg. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, semi-manufactured gold exports rose markedly to $X in 2022. Overall, exports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 217% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) and the United Arab Emirates (X kg) were the main destinations of semi-manufactured gold exports from Oman.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Oman, comprising 100% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to -42.3%.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, waning by -43.7% against the previous year. In general, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2015 an increase of 115%. The export price peaked at $X per kg in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to the Netherlands totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-27.4%).

Semi-Manufactured Gold Imports

Imports into Oman

In 2022, approx. X kg of gold, in semi-manufactured forms were imported into Oman; which is down by -20.7% compared with the year before. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 138%. Imports peaked at X kg in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports declined sharply to $X in 2022. Over the period under review, imports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2014 with an increase of 103% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X kg), the United States (X kg) and Germany (X kg) were the main suppliers of semi-manufactured gold imports to Oman, together accounting for 86% of total imports. These countries were followed by the UK, which accounted for a further 8.2%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +19.6%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of gold, in semi-manufactured forms to Oman, comprising 62% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+80.7% per year) and the United Arab Emirates (+3.5% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, with a decrease of -3.2% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 220% against the previous year. As a result, import price reached the peak level of $X per kg. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 UK ($X per kg), while the price for Germany ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+80.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold, in semi-manufactured forms in the world?

The UK constituted the country with the largest volume of semi-manufactured gold consumption, comprising approx. 27% of total volume. Moreover, semi-manufactured gold consumption in the UK exceeded the figures recorded by the second-largest consumer, Mexico, threefold. South Africa ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of gold, in semi-manufactured forms in the world?

The UK constituted the country with the largest volume of semi-manufactured gold production, accounting for 32% of total volume. Moreover, semi-manufactured gold production in the UK exceeded the figures recorded by the second-largest producer, Mexico, fourfold. Australia ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of gold, in semi-manufactured forms to Oman?

In value terms, the United States constituted the largest supplier of gold, in semi-manufactured forms to Oman, comprising 62% of total imports. The second position in the ranking was taken by the UK, with an 18% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

What are the leading importers of gold, in semi-manufactured forms from Oman?

In value terms, the United Arab Emirates remains the key foreign market for gold, in semi-manufactured forms exports from Oman, comprising 100% of total exports. The second position in the ranking was held by the Netherlands $1), with a 0.1% share of total exports.

What is the average export price for gold, in semi-manufactured forms in Oman?

In 2022, the average semi-manufactured gold export price amounted to $913 per kg, which is down by -43.7% against the previous year.

What is the average import price for gold, in semi-manufactured forms in Oman?

In 2022, the average semi-manufactured gold import price amounted to $55,936 per kg, dropping by -3.2% against the previous year.

This report provides an in-depth analysis of the semi-manufactured gold 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 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

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