Price for Nickel; Tube and Pipe Fittings in Oman - 2021

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Oman (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Oman (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Oman
4. Exports of Nickel; Tube and Pipe Fittings in Oman

Price for Nickel; Tube and Pipe Fittings in Oman (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $56,577 per ton, surging by 56% against the previous year. In general, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($406,148 per ton), while the price for Malaysia ($9,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Oman (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $35,130 per ton, which is down by -4.9% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel; tube and pipe fittings export price decreased by -29.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 74%. As a result, the export price reached the peak level of $49,703 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($39,454 per ton), while the average price for exports to India ($19,000 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 Qatar (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Nickel; Tube and Pipe Fittings in Oman

In 2022, nickel; tube and pipe fittings imports into Oman dropped rapidly to 41 tons, which is down by -27.7% against 2021 figures. Overall, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.

In value terms, nickel; tube and pipe fittings imports rose markedly to $2.3M in 2022. Over the period under review, imports saw a significant decline.

Top Suppliers of Nickel; Tube and Pipe Fittings to Oman in 2022:

1. Romania (7.5 tons)
2. United Arab Emirates (4.8 tons)
3. Malaysia (2.6 tons)
4. Italy (2.3 tons)
5. Belgium (1.4 tons)
6. Canada (1.3 tons)
7. Qatar (1.1 tons)

Exports of Nickel; Tube and Pipe Fittings in Oman

Nickel; tube and pipe fittings exports from Oman rose remarkably to 4 tons in 2022, picking up by 5.7% on the previous year. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports amounted to $139K in 2022. In general, exports, however, showed a noticeable contraction.

Top Export Markets for Nickel; Tube and Pipe Fittings from Oman in 2022:

1. Qatar (3.5 tons)
2. United Arab Emirates (0.4 tons)

Source: IndexBox Market Intelligence Platform