Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $78,927 per ton, rising by 7.4% against the previous year. Over the period under review, the import price showed a resilient expansion. The growth pace was the most rapid in 2016 an increase of 68% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Australia ($382,820 per ton), while the price for India ($17,727 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $152,047 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 194% against the previous year. The export price peaked at $295,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,352,000 per ton), while the average price for exports to the United Arab Emirates ($77,250 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 (+27.2%), while the prices for the other major destinations experienced a decline.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman

In 2022, approx. 3.2 tons of balances; of a sensitivity of 5cg or better, with or without weightses were imported into Oman; picking up by 22% against 2021. In general, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of 4.9 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses soared to $256K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 decreased by -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of $275K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Oman in 2022:

1. United Arab Emirates (1208.0 kg)
2. Qatar (471.0 kg)
3. Poland (246.0 kg)
4. Turkey (195.0 kg)
5. Germany (153.0 kg)
6. United Kingdom (148.0 kg)
7. Netherlands (134.0 kg)
8. Philippines (103.0 kg)
9. China (97.0 kg)
10. Japan (80.0 kg)
11. Mexico (56.0 kg)
12. Australia (50.0 kg)
13. India (33.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Oman

In 2022, the amount of balances; of a sensitivity of 5cg or better, with or without weightses exported from Oman soared to 13 kg, increasing by 30% on the previous year's figure. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 43%.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses surged to $6.5K in 2022. Over the period under review, exports, however, recorded a deep setback.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Oman in 2022:

1. United Arab Emirates (8.0 kg)
2. Turkey (4.0 kg)
3. Qatar (1.0 kg)

Source: IndexBox Market Intelligence Platform