Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $455 per ton, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 81%. The import price peaked at $469 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($574 per ton), while the price for the Netherlands ($152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+37.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $218 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 15%. As a result, the export price reached the peak level of $495 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($225 per ton) and Pakistan ($220 per ton), while the average price for exports to Malaysia ($205 per ton) and the United Arab Emirates ($220 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.1%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman
In 2022, approx. 21K tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Oman; falling by -50% compared with 2021 figures. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 671% against the previous year. As a result, imports attained the peak of 41K tons, and then contracted dramatically in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s fell sharply to $9.4M in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 851% against the previous year. As a result, imports attained the peak of $19M, and then shrank notably in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.6 | 0.9 | 3.0 | 4.0 | 35.7% |
| United Kingdom | 1.3 | 0.6 | 8.3 | 3.0 | 32.1% |
| South Africa | 0.2 | 0.2 | 2.9 | 1.0 | 71.0% |
| Singapore | 0.2 | 0.2 | 2.8 | 1.0 | 71.0% |
| Netherlands | N/A | N/A | 0.2 | 0.1 | -50.0% |
| United Arab Emirates | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Free Zones | 0.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.0 | 0.1 | -90.0% |
| Total | 4.0 | 2.0 | 18.8 | 9.4 | 33.0% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Oman in 2022:
- Malaysia (8.1K tons)
- United Kingdom (5.7K tons)
- South Africa (3.3K tons)
- Singapore (2.4K tons)
- Netherlands (0.5K tons)
- United Arab Emirates (0.3K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Oman plummeted to 16K tons in 2022, with a decrease of -25.2% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The smallest decline of -6.6% was in 2020.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped significantly to $3.6M in 2022. In general, exports faced a abrupt downturn. The smallest decline of -12.8% was in 2020.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.5 | 2.7 | 0.3 | 2.8 | -14.6% |
| Pakistan | 1.8 | 2.3 | 2.0 | 0.5 | -34.8% |
| United Arab Emirates | 0.3 | 0.5 | 2.0 | 0.1 | -30.7% |
| Malaysia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Total | 6.8 | 6.0 | 4.6 | 3.6 | -19.1% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Oman in 2022:
- India (12.5K tons)
- Pakistan (2.3K tons)
- United Arab Emirates (0.6K tons)
- Malaysia (0.3K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Oman.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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