Oman: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Oman

The Omani iron or steel can market was estimated at $X in 2022, approximately equating the previous year. In general, consumption recorded a resilient increase. Iron or steel can consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Cans in Oman

In value terms, iron or steel can production stood at $X in 2022 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of X%. Iron or steel can production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Iron or Steel Cans

Exports from Oman

For the fifth consecutive year, Oman recorded decline in overseas shipments of iron or steel cans, which decreased by X% to X units in 2022. Over the period under review, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel can exports shrank to $X in 2022. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the United Arab Emirates (X units) and the UK (X units) were the main destinations of iron or steel can exports from Oman, together accounting for X% of total exports.

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

In value terms, the largest markets for iron or steel can exported from Oman were the Netherlands ($X), the United Arab Emirates ($X) and the UK ($X), with a combined X% share of total exports. Singapore, Qatar and Yemen lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average iron or steel can export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price enjoyed a slight increase. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Yemen (less than $X per unit) was amongst the lowest.

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

Imports of Iron or Steel Cans

Imports into Oman

After two years of growth, overseas purchases of iron or steel cans decreased by X% to X units in 2022. Overall, imports showed a mild contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports rose to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of iron or steel can to Oman, accounting for a X% share of total imports. Moreover, iron or steel can imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel cans to Oman, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average iron or steel can import price amounted to $X per unit, with an increase of X% against the previous year. Overall, import price indicated a modest expansion 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. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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