Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman - 2022

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman (CIF) - 2022

In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $6,385 per ton, surging by 38% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 ($6,647 per ton), while the price for India ($1,908 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $6,635 per ton in 2022, with an increase of 126% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($6,710 per ton), while the average price for exports to the United Arab Emirates totaled $6,627 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman

In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -2.9% to 55 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of 86 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $350K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, imports attained the peak of $363K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Oman in 2022:

1. United Arab Emirates (30.3 tons)
2. China (18.9 tons)
3. India (3.0 tons)
4. Saudi Arabia (2.4 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Oman

After three years of growth, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -99.9% to 345 kg in 2022. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 200% against the previous year. As a result, the exports attained the peak of 430 tons, and then contracted rapidly in the following year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses declined notably to $2.3K in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 286%. As a result, the exports reached the peak of $1.3M, and then plummeted in the following year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Oman in 2022:

1. United Arab Emirates (314.0 kg)
2. Saudi Arabia (31.0 kg)

Source: IndexBox Market Intelligence Platform