Price for Iron Ore and Concentrate, Non-Agglomerated in Oman - 2021

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Oman (CIF) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Oman (FOB) - 2022
3. Imports of Iron Ore and Concentrate, Non-Agglomerated in Oman
4. Exports of Iron Ore and Concentrate, Non-Agglomerated in Oman

Price for Iron Ore and Concentrate, Non-Agglomerated in Oman (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $108 per ton in 2022, declining by -14.5% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 37%. Over the period under review, average import prices reached the maximum at $270 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -8.8% per year.

Price for Iron Ore and Concentrate, Non-Agglomerated in Oman (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $54 per ton in 2022, declining by -12% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 113% against the previous year. As a result, the export price attained the peak level of $291 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($88 per ton), while the average price for exports to the United Arab Emirates totaled $16 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+300.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Ore and Concentrate, Non-Agglomerated in Oman

Iron ore and concentrate, non-agglomerated imports into Oman fell to 8.9M tons in 2022, reducing by -9.8% compared with the previous year. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year.

In value terms, iron ore and concentrate, non-agglomerated imports fell significantly to $965M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of $1.3B, and then reduced sharply in the following year.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Oman in 2022:

1. Brazil (8.9M tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in Oman

In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Oman skyrocketed to 445K tons, increasing by 153% compared with 2021. Overall, exports saw pronounced growth.

In value terms, iron ore and concentrate, non-agglomerated exports soared to $24M in 2022. Over the period under review, exports, however, recorded a abrupt descent.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Oman in 2022:

1. China (234.3K tons)
2. United Arab Emirates (211.2K tons)

Source: IndexBox Market Intelligence Platform