Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman (CIF) - 2022

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $3,437 per ton, surging by 26% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. As a result, import price reached the peak level of $3,561 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 India ($3,971 per ton), while the price for Iran ($686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $3,229 per ton, picking up by 164% against the previous year. Overall, the export price recorded a remarkable increase. 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 Yemen ($12,398 per ton), while the average price for exports to the United Arab Emirates ($1,218 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 Saudi Arabia (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman

In 2022, after three years of growth, there was significant decline in purchases abroad of tube or pipe fittings of non-malleable cast iron, when their volume decreased by -28.7% to 1.2K tons. Overall, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 1.7K tons, and then reduced dramatically in the following year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron fell to $4.1M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $4.6M, and then declined in the following year.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Oman in 2022:

1. India (462.3 tons)
2. Iran (237.0 tons)
3. United Arab Emirates (186.2 tons)
4. China (172.6 tons)
5. Qatar (40.7 tons)
6. United Kingdom (36.7 tons)
7. Turkey (20.2 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Oman

For the third year in a row, Oman recorded decline in overseas shipments of tube or pipe fittings of non-malleable cast iron, which decreased by -70.1% to 13 tons in 2022. Overall, exports showed a dramatic setback. The smallest decline of -39% was in 2020.

In value terms, exports of tube or pipe fittings of non-malleable cast iron fell sharply to $41K in 2022. In general, exports showed a dramatic decrease.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Oman in 2022:

1. United Arab Emirates (7.6 tons)
2. Qatar (3.9 tons)
3. Yemen (0.7 tons)

Source: IndexBox Market Intelligence Platform