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

Contents:

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

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

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $4,649 per ton, with a decrease of -17.2% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. The import price peaked at $5,614 per ton in 2021, and then declined rapidly in the following year.

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 the United States ($18,770 per ton), while the price for Mexico ($1,825 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $779 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $2,476 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($2,113 per ton), while the average price for exports to Yemen ($241 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 Libya (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of iron or steel cast fittings, other than of non-malleable cast ira imported into Oman surged to 1.1K tons, rising by 47% on 2021 figures. Over the period under review, imports, however, continue to indicate a perceptible contraction.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira soared to $5.2M in 2022. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports attained the peak of $8.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates3,8325,4902,0462,681-11.2%
China17171333792875.7%
India21220148463944.5%
Thailand14898.737.0134-3.3%
Saudi Arabia9.51.885.5123134.8%
Italy54.124913070.39.1%
Mexico48.460.157.757.45.8%
United States91666931652.9-61.3%
Others692686775521-9.0%
Total6,0838,1684,2695,207-5.1%

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

  1. United Arab Emirates (438.0 tons)
  2. China (388.8 tons)
  3. India (104.5 tons)
  4. Thailand (57.1 tons)
  5. Mexico (31.4 tons)
  6. Saudi Arabia (20.1 tons)
  7. Italy (11.3 tons)
  8. United States (2.8 tons)

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

In 2022, approx. 253 tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Oman; with a decrease of -49.8% on 2021 figures. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year. As a result, the exports reached the peak of 504 tons, and then declined markedly in the following year.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira declined significantly to $197K in 2022. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 15%.

Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Yemen21.913.681.046.028.1%
United Arab Emirates61.051.073.743.7-10.5%
Kuwait21.96.925.325.04.5%
Iran10052.931.813.6-48.6%
Qatar99.610.814.710.2-53.2%
Libya12427.04.08.3-59.4%
India13.85.70.50.3-72.1%
Others48410583.749.8-53.1%
Total926273315197-40.3%

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

  1. Yemen (190.5 tons)
  2. United Arab Emirates (27.0 tons)
  3. Kuwait (11.8 tons)
  4. Iran (9.7 tons)
  5. Libya (4.0 tons)
  6. Qatar (1.1 tons)
  7. India (0.6 tons)

Source: IndexBox Market Intelligence Platform

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