Price for Bromides; of Sodium or of Potassium in Oman - 2022

Contents:

  1. Price for Bromides; of Sodium or of Potassium in Oman (FOB) - 2022
  2. Price for Bromides; of Sodium or of Potassium in Oman (CIF) - 2022
  3. Exports of Bromides; of Sodium or of Potassium in Oman
  4. Imports of Bromides; of Sodium or of Potassium in Oman

Price for Bromides; of Sodium or of Potassium in Oman (FOB) - 2022

In 2022, the average export price for bromides; of sodium or of potassia amounted to $2,443 per ton, surging by 41% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 211%. As a result, the export price attained the peak level of $5,355 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, 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 +10.7% per year.

Price for Bromides; of Sodium or of Potassium in Oman (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $3,434 per ton in 2022, surging by 34% against the previous year. In general, the import price enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,443 per ton), while the price for Turkey ($3,294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+229.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Bromides; of Sodium or of Potassium in Oman

In 2022, after three years of growth, there was significant decline in overseas shipments of bromides; of sodium or of potassia, when their volume decreased by -99.8% to 2.2 tons. In general, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 491% against the previous year.

In value terms, exports of bromides; of sodium or of potassia fell sharply to $5.3K in 2022. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 91%.

Export of Bromides; of Sodium or of Potassium in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates21358.927.55.3-70.8%
QatarN/A1,3992,127N/A52.0%
Others548N/AN/AN/A0%
Total7611,4582,1545.3-80.9%

Top Export Markets for Bromides; of Sodium or of Potassium from Oman in 2022:

  1. United Arab Emirates (2.2 tons)

Imports of Bromides; of Sodium or of Potassium in Oman

In 2022, purchases abroad of bromides; of sodium or of potassia decreased by -32.8% to 865 kg, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 1,939%. As a result, imports attained the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of bromides; of sodium or of potassia shrank to $3K in 2022. Overall, imports faced a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 2,842% against the previous year. As a result, imports attained the peak of $4.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Bromides; of Sodium or of Potassium in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India8.399.90.11.5-43.5%
United Arab Emirates1264,2032.91.4-77.7%
TurkeyN/AN/AN/A0.10%
China29.55140.3N/A-89.9%
Others1.120.6N/AN/A1772.7%
Total1644,8373.33.0-73.7%

Top Suppliers of Bromides; of Sodium or of Potassium to Oman in 2022:

  1. India (424.0 kg)
  2. United Arab Emirates (402.0 kg)
  3. Turkey (34.0 kg)

Source: IndexBox Market Intelligence Platform

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