Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (CIF) - 2022
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $4,283 per ton in 2022, increasing by 29% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +63.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($4,422 per ton), while the price for China ($642 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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (FOB) - 2022
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $6,050 per ton in 2022, rising by 129% against the previous year. In general, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($8,817 per ton), while the average price for exports to the United Arab Emirates ($1,228 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 the United States (+68.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Oman was estimated at 5.6K tons, surging by 3.9% against the previous year's figure. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $24M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.7 | 7.8 | 15.0 | 18.7 | 34.4% |
| Saudi Arabia | 1.3 | 0.2 | 1.9 | 3.1 | 33.6% |
| Germany | 0.1 | N/A | 0.3 | 1.5 | 146.6% |
| Bahrain | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Turkey | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| China | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Others | 0.8 | 0.3 | 0.5 | 0.3 | -27.9% |
| Total | 10.4 | 9.0 | 18.1 | 24.2 | 32.5% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Oman in 2022:
- United Arab Emirates (4223.0 tons)
- Saudi Arabia (690.9 tons)
- Germany (343.0 tons)
- Turkey (148.6 tons)
- Bahrain (85.3 tons)
- China (56.1 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman
In 2022, shipments abroad of aluminium; alloys, bars, rods and profiles, other than hollows decreased by -82.7% to 383 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows dropped dramatically to $2.3M in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 341 | 1,262 | 2,578 | 690 | 26.5% |
| United States | N/A | N/A | 7.1 | 529 | 7350.7% |
| Egypt | 2,493 | 1,139 | N/A | 377 | -46.7% |
| India | 35.6 | 227 | 236 | 359 | 116.0% |
| Greece | N/A | N/A | N/A | 156 | 0% |
| Canada | N/A | 462 | 784 | 95.3 | -54.6% |
| United Arab Emirates | 159 | 1,565 | 1,132 | 27.9 | -44.0% |
| Jordan | 212 | 332 | 127 | 2.3 | -77.9% |
| Saudi Arabia | 512 | 273 | 81.4 | N/A | -60.1% |
| Others | 207 | 510 | 921 | 81.8 | -26.6% |
| Total | 3,958 | 5,771 | 5,867 | 2,318 | -16.3% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Oman in 2022:
- United States (83.1 tons)
- Lebanon (78.3 tons)
- India (76.0 tons)
- Egypt (55.7 tons)
- Canada (26.6 tons)
- Greece (24.5 tons)
- United Arab Emirates (22.8 tons)
- Jordan (0.3 tons)
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