Price for Safety Pins and Other Pins; of Iron or Steel in Oman - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Oman (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Oman (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Oman
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Oman

Price for Safety Pins and Other Pins; of Iron or Steel in Oman (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $6,114 per ton, jumping by 17% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 43%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Arab Emirates ($38,234 per ton), while the price for Saudi Arabia ($5,327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Safety Pins and Other Pins; of Iron or Steel in Oman (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $2,515 per ton in 2022, shrinking by -10% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 116%. As a result, the export price attained the peak level of $13,061 per ton. From 2021 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 the United Arab Emirates ($7,556 per ton), while the average price for exports to Qatar amounted to $2,209 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.2%).

Imports of Safety Pins and Other Pins; of Iron or Steel in Oman

In 2022, overseas purchases of safety pins and other pins; of iron or steels decreased by -53% to 5.9 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of 36 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of safety pins and other pins; of iron or steels shrank remarkably to $36K in 2022. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, imports attained the peak of $204K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Oman in 2022:

1. India (5.1 tons)
2. Saudi Arabia (0.7 tons)
3. United Arab Emirates (0.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Oman

In 2022, exports of safety pins and other pins; of iron or steels from Oman dropped notably to 167 kg, falling by -99.7% on the year before. In general, exports saw a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 17,013%. As a result, the exports attained the peak of 56 tons, and then contracted sharply in the following year.

In value terms, exports of safety pins and other pins; of iron or steels reduced notably to $420 in 2022. Over the period under review, exports showed a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 3,559%. As a result, the exports attained the peak of $157K, and then reduced markedly in the following year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Oman in 2022:

1. Qatar (158.0 kg)
2. United Arab Emirates (9.0 kg)

Source: IndexBox Market Intelligence Platform