Phosphorus Price in Oman - 2022
Contents:
Phosphorus Price in Oman (CIF) - 2022
The average phosphorus import price stood at $22,996 per ton in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphorus import price decreased by -27.5% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the maximum at $31,707 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +8.2% per year.
Phosphorus Imports in Oman
In 2022, imports of phosphori into Oman skyrocketed to 1.2 tons, rising by 20% compared with 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, phosphorus imports surged to $29K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 16.8 | 20.1 | 24.0 | 28.6 | 19.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.8 | 20.1 | 24.0 | 28.6 | 19.4% |
Top Suppliers of Phosphorus to Oman in 2022:
- United Arab Emirates (1.2 tons)
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