Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,225 per ton in 2022, with an increase of 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($1,218 per ton) and the United Arab Emirates ($1,218 per ton), while the price for China ($1,218 per ton) and Belgium ($1,218 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $76 per ton in 2022, which is down by -94.5% against the previous year. In general, the export price faced a deep setback. The growth pace was the most rapid in 2015 an increase of 45%. The export price peaked at $1,380 per ton in 2021, and then declined markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2022, the rate of growth in terms of prices for Bahrain amounted to +3.7% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman
In 2022, approx. 1.2K tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into Oman; with an increase of 411% compared with the year before. Overall, imports, however, recorded a significant curtailment.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $1.5M in 2022. Over the period under review, imports, however, showed a dramatic decrease.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.2 | 0.1 | 0.6 | 1,259 | 730.2% |
| Netherlands | 3.3 | 0.1 | 0.5 | 116 | 227.6% |
| China | 1.8 | 0.1 | 0.3 | 76.7 | 249.3% |
| United Arab Emirates | 3.9 | 0.1 | 0.7 | 40.0 | 117.3% |
| Iran | 3,263 | 93.1 | 246 | N/A | -72.5% |
| Others | 3.3 | 0.1 | 1.0 | 9.6 | 42.8% |
| Total | 3,277 | 93.6 | 249 | 1,501 | -22.9% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Oman in 2022:
- Belgium (1033.2 tons)
- Netherlands (95.4 tons)
- China (63.0 tons)
- United Arab Emirates (32.8 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Oman skyrocketed to 12 tons, growing by 712% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a significant decline.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s shrank significantly to $884 in 2022. In general, exports, however, continue to indicate a dramatic downturn.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 172 | N/A | N/A | 0.9 | -82.6% |
| Bahrain | 289 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 2.0 | N/A | 0% |
| Total | 462 | N/A | 2.0 | 0.9 | -87.5% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Oman in 2022:
- United Arab Emirates (11.6 tons)
426
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Oman.
1585
This report provides an in-depth analysis of the iron and steel market in Oman.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
1131
This report provides an in-depth analysis of the global iron and steel market.
426
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Oman.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
298
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2416
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1118
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
837
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
801
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
228
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
298
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2416
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
