Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman - 2022

Contents:

  1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (FOB) - 2022
  2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (CIF) - 2022
  3. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman
  4. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (FOB) - 2022

The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,710 per ton in 2022, surging by 76% against the previous year. In general, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,786 per ton), while the average price for exports to Kenya ($792 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 Tunisia (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (CIF) - 2022

The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,602 per ton in 2022, surging by 61% against the previous year. In general, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($1,600 per ton) and Malaysia ($1,600 per ton), while the price for China ($1,600 per ton) and Belgium ($1,600 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman

In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -24.6% to 20K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, enjoyed a significant increase.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $35M in 2022. In general, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates3.2N/A13.616.572.8%
Qatar0.7N/A5.69.1135.1%
Saudi ArabiaN/AN/A0.14.34200.0%
Kenya1.8N/A0.31.1-15.1%
Tunisia0.1N/A0.60.9108.0%
United KingdomN/AN/A1.00.9-10.0%
United States0.3N/A2.80.410.1%
Others0.3N/A2.21.778.3%
Total6.4N/A26.234.875.8%

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Oman in 2022:

  1. United Arab Emirates (9.2K tons)
  2. Qatar (5.1K tons)
  3. Saudi Arabia (2.4K tons)
  4. Kenya (1.4K tons)
  5. Tunisia (0.5K tons)
  6. United Kingdom (0.5K tons)
  7. United States (0.2K tons)

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman

After two years of decline, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -32% to 10K tons in 2022. Over the period under review, imports recorded a dramatic decline.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs rose sharply to $16M in 2022. Overall, imports recorded a abrupt contraction.

Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Oman (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates8.9N/A4.36.5-9.9%
China10.1N/A7.36.5-13.7%
Italy0.1N/A0.91.5146.6%
Turkey2.6N/A1.70.8-32.5%
Malaysia0.9N/AN/A0.3-30.7%
BelgiumN/AN/AN/A0.30%
Others0.4N/A0.60.40.0%
Total22.9N/A14.916.3-10.7%

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Oman in 2022:

  1. China (4.1K tons)
  2. United Arab Emirates (4.0K tons)
  3. Italy (0.9K tons)
  4. Turkey (0.5K tons)
  5. Malaysia (0.2K tons)
  6. Belgium (0.2K tons)

Source: IndexBox Market Intelligence Platform

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