Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $209 per ton in 2022, reducing by -14.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 55%. The export price peaked at $246 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($244 per ton), while the average price for exports to Malaysia ($154 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 China (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $209 per ton in 2022, falling by -10.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 69%. As a result, import price attained the peak level of $234 per ton, and then declined in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($211 per ton), while the price for Brazil ($161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman
Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Oman surged to 5.6M tons in 2022, picking up by 49% compared with 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) skyrocketed to $1.2B in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 100%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 150 | 224 | 291 | 309 | 27.2% |
| United Arab Emirates | 83.7 | 110 | 197 | 297 | 52.5% |
| Egypt | 40.5 | 18.6 | 213 | 252 | 83.9% |
| Qatar | 6.3 | 13.7 | 41.1 | 139 | 180.5% |
| Malaysia | 63.2 | 90.2 | 31.2 | 97.7 | 15.6% |
| China | 4.1 | 1.7 | 52.9 | 62.1 | 147.4% |
| Others | 0.1 | 0.4 | 92.5 | 10.9 | 377.7% |
| Total | 348 | 459 | 919 | 1,168 | 49.7% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Oman in 2022:
- Saudi Arabia (1749.1K tons)
- United Arab Emirates (1216.4K tons)
- Egypt (1042.4K tons)
- Malaysia (635.3K tons)
- Qatar (585.3K tons)
- China (322.4K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman
In 2022, approx. 2.2M tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Oman; waning by -6.4% on 2021. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined significantly to $465M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of $556M, and then contracted markedly in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 306 | 236 | 386 | 443 | 13.1% |
| Brazil | 0.9 | 3.6 | 46.4 | 12.7 | 141.7% |
| India | 87.2 | 75.4 | 124 | 9.4 | -52.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 394 | 315 | 556 | 465 | 5.7% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Oman in 2022:
- Bahrain (2094.9K tons)
- Brazil (79.2K tons)
- India (53.5K tons)
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This report provides an in-depth analysis of the iron ore market in Oman.
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This report provides an in-depth analysis of the iron ore market in Oman.
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This report provides an in-depth analysis of the roasted iron pyrites market in Oman.
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