Oman: Metal Link Chain Market 2024

Metal Link Chain Market Size in Oman

The Omani metal link chain market shrank remarkably to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Link Chain Production in Oman

In value terms, metal link chain production declined sharply to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Metal Link Chain Exports

Exports from Oman

In 2022, overseas shipments of iron or steel articulated link chain were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal link chain exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for metal link chain exports from Oman, with a X% share of total exports. Moreover, metal link chain exports to Bolivia exceeded the volume sent to the second major destination, Iran (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for metal link chain exported from Oman were Iran ($X), Bolivia ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average metal link chain export price amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Oman

In 2022, approx. X tons of iron or steel articulated link chain were imported into Oman; shrinking by X% compared with 2021. In general, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal link chain imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of metal link chain to Oman, accounting for a X% share of total imports. Moreover, metal link chain imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel articulated link chain to Oman, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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