Oman: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Oman

The Omani market for iron or steel leaf-springs and leaves reached $X in 2020, leveling off at the previous year. Overall, the total consumption indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Oman

In value terms, production of iron or steel leaf-springs and leaves rose significantly to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Oman

In 2020, exports of iron or steel leaf-springs and leaves from Oman soared to X tons, jumping by X% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves skyrocketed to $X in 2020. Overall, exports showed a mild decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Tanzania (X kg) and Egypt (X kg) were the main destinations of exports of iron or steel leaf-springs and leaves from Oman, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by Tanzania ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Oman

In 2020, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019, and then fell in the following year.

In value terms, imports of iron or steel leaf-springs and leaves declined slightly to $X in 2020. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then shrank modestly in the following year.

Imports by Country

In 2020, the United Arab Emirates (X tons) was the main supplier of iron or steel leaf-spring and leave to Oman, with a X% share of total imports. It was followed by India (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the United Arab Emirates totaled +X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel leaf-spring and leave to Oman, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the United Arab Emirates totaled +X%.

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox Platform

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