Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman - 2022

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman (FOB) - 2022
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman (CIF) - 2022
3. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman
4. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman (FOB) - 2022

In December 2022, the average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $4,851 per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 0.5% m-o-m. The export price peaked at $4,859 per ton in September 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Saudi Arabia ($4,859 per ton) and the United Arab Emirates ($4,859 per ton), while the average price for exports to Turkey ($4,846 per ton) and the United States ($4,851 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman (CIF) - 2022

In December 2022, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $4,853 per ton, leveling off at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 1.8% m-o-m. The import price peaked at $4,915 per ton in February 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were India ($5,119 per ton) and the United Arab Emirates ($4,882 per ton), while the price for Saudi Arabia ($4,708 per ton) and China ($4,726 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman

In 2022, approx. 139K tons of aluminium plates, sheets and strip of thickness exceeding 0.2 mms were exported from Oman; increasing by 24% against the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms surged to $536M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Oman in 2022:

1. United States (118.9K tons)
2. United Arab Emirates (9.1K tons)
3. Bulgaria (4.1K tons)
4. Turkey (3.9K tons)

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Oman

In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms imported into Oman declined to 8.5K tons, shrinking by -12.5% on 2021. Overall, imports continue to indicate a abrupt decline. The smallest decline of -11.6% was in 2021.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $32M in 2022. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Oman in 2022:

1. United Arab Emirates (5.4K tons)
2. China (1.7K tons)
3. Saudi Arabia (0.7K tons)
4. Bahrain (0.3K tons)
5. India (0.3K tons)

Source: IndexBox Market Intelligence Platform