Oman: Steel Railway Material Market 2024

Steel Railway Material Market Size in Oman

In 2022, after six years of growth, there was significant decline in the Omani steel railway material market, when its value decreased by X% to $X. In general, consumption continues to indicate a mild curtailment. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Steel Railway Material Production in Oman

In value terms, steel railway material production declined rapidly to $X in 2022 estimated in export price. Overall, production showed a dramatic descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Steel Railway Material Exports

Exports from Oman

Steel railway material exports from Oman contracted remarkably to X tons in 2022, with a decrease of X% against the previous year. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), China (X tons) and Yemen (X tons) were the main destinations of steel railway material exports from Oman, together comprising 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 Yemen (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for steel railway material exported from Oman worldwide, with a combined X% share of total exports. These countries were followed by Yemen, which accounted for a further X%.

Yemen, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Yemen ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Oman

Steel railway material imports into Oman dropped remarkably to X tons in 2022, waning by X% on the previous year. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, steel railway material imports shrank notably to $X in 2022. Overall, imports showed a deep downturn. The smallest decline of X% was in 2013. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main suppliers of steel railway material imports to Oman, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), China ($X) and Saudi Arabia ($X) constituted the largest steel railway material suppliers to Oman, together accounting for X% of total imports.

China, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average steel railway material import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 United Arab Emirates ($X per ton), while the price for India ($X per ton) 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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