Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman - 2022

Contents:

  1. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (CIF) - 2022
  2. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (FOB) - 2022
  3. Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman
  4. Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (CIF) - 2022

The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,153 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 158% against the previous year. The import price peaked at $2,649 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 India ($2,679 per ton), while the price for Malaysia ($307 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (FOB) - 2022

In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,877 per ton, with an increase of 86% against the previous year. Overall, the export price saw a remarkable increase. The growth pace was the most rapid in 2017 an increase of 2,162% against the previous year. As a result, the export price attained the peak level of $6,780 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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 India ($5,080 per ton), while the average price for exports to the United Arab Emirates ($644 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 the United Arab Emirates (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman

Imports of steel alloy wire of materials other than silico-manganese steels into Oman skyrocketed to 266 tons in 2022, growing by 102% against 2021. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel alloy wire of materials other than silico-manganese steels soared to $574K in 2022. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea57.2N/A43.814636.7%
Turkey168N/A109112-12.6%
United Arab Emirates22.6N/A21.061.939.9%
Germany27.8N/A9.846.118.4%
India50.6N/A30.542.1-5.9%
Saudi Arabia26.9N/A14.522.8-5.4%
Czech Republic21.7N/A8.219.8-3.0%
Malaysia6.3N/A4.44.7-9.3%
Others20.4N/A41.911980.0%
Total401N/A28357412.7%

Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Oman in 2022:

  1. Turkey (90.0 tons)
  2. South Korea (54.4 tons)
  3. Saudi Arabia (26.9 tons)
  4. United Arab Emirates (23.1 tons)
  5. Germany (17.2 tons)
  6. India (15.7 tons)
  7. Malaysia (15.5 tons)
  8. Czech Republic (9.9 tons)

Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman

In 2022, after two years of decline, there was significant decline in overseas shipments of steel alloy wire of materials other than silico-manganese steels, when their volume decreased by -99.9% to 202 kg. Overall, exports showed a sharp contraction.

In value terms, exports of steel alloy wire of materials other than silico-manganese steels reduced markedly to $380 in 2022. In general, exports faced a dramatic curtailment.

Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India802N/A87.40.3-92.8%
United Arab Emirates1,262N/A43.50.1-95.7%
Colombia607N/AN/AN/A0%
Others126N/A33.3N/A-48.6%
Total2,796N/A1640.4-94.8%

Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Oman in 2022:

  1. United Arab Emirates (148.0 kg)
  2. India (53.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Steel, alloy; wire, of materials other than high speed or silico-manganese steel - Oman