Price for Titanium; Articles Thereof, Including Waste and Scrap in Oman - 2022
Contents:
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Oman (CIF) - 2022
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Oman (FOB) - 2022
- Imports of Titanium; Articles Thereof, Including Waste and Scrap in Oman
- Exports of Titanium; Articles Thereof, Including Waste and Scrap in Oman
Price for Titanium; Articles Thereof, Including Waste and Scrap in Oman (CIF) - 2022
In 2022, the average import price for titanium; articles thereof, including waste and scrap amounted to $28,631 per ton, which is down by -33.4% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42%. As a result, import price reached the peak level of $49,347 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($93,976 per ton), while the price for the United Arab Emirates ($14,919 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 States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Titanium; Articles Thereof, Including Waste and Scrap in Oman (FOB) - 2022
In 2022, the average export price for titanium; articles thereof, including waste and scrap amounted to $115,760 per ton, jumping by 250% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $125,250 per ton in 2012; however, from 2013 to 2022, the 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 Iran ($300,000 per ton), while the average price for exports to Qatar ($10,170 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 Kuwait (+80.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Titanium; Articles Thereof, Including Waste and Scrap in Oman
Imports of titanium; articles thereof, including waste and scrap into Oman surged to 20 tons in 2022, growing by 72% compared with the year before. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of titanium; articles thereof, including waste and scrap expanded rapidly to $569K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +80.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Titanium; Articles Thereof, Including Waste and Scrap in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 93.7 | 78.2 | 78.6 | 221 | 33.1% |
| United Kingdom | 6.9 | 23.3 | 96.1 | 69.9 | 116.4% |
| Malaysia | 59.6 | 60.6 | 99.4 | 63.5 | 2.1% |
| Qatar | 88.2 | 52.1 | 58.1 | 27.7 | -32.0% |
| South Korea | 28.6 | 7.3 | 9.9 | 5.2 | -43.3% |
| India | 20.7 | 7.1 | 1.2 | 2.2 | -52.6% |
| Germany | 8.5 | 0.6 | 85.5 | 1.6 | -42.7% |
| Others | 65.7 | 85.9 | 69.0 | 177 | 39.1% |
| Total | 372 | 315 | 498 | 569 | 15.2% |
Top Suppliers of Titanium; Articles Thereof, Including Waste and Scrap to Oman in 2022:
- United Arab Emirates (14.8 tons)
- United Kingdom (3.1 tons)
- Malaysia (0.7 tons)
- Qatar (0.5 tons)
- India (0.1 tons)
- South Korea (0.1 tons)
Exports of Titanium; Articles Thereof, Including Waste and Scrap in Oman
In 2022, shipments abroad of titanium; articles thereof, including waste and scrap decreased by -79.6% to 362 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 59% against the previous year. As a result, the exports reached the peak of 2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of titanium; articles thereof, including waste and scrap shrank dramatically to $42K in 2022. In general, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 53%. As a result, the exports attained the peak of $61K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Titanium; Articles Thereof, Including Waste and Scrap in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 16.6 | 11.8 | 4.7 | 6.2 | -28.0% |
| Iran | 5.2 | 17.5 | 0.8 | 2.7 | -19.6% |
| Qatar | 1.6 | 7.6 | 1.5 | 1.1 | -11.7% |
| Kuwait | N/A | 12.5 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 51.0 | N/A | 0% |
| Algeria | 3.8 | N/A | N/A | N/A | 0% |
| Iraq | 4.6 | 7.9 | N/A | N/A | 71.7% |
| Saudi Arabia | 7.5 | 2.9 | N/A | N/A | -61.3% |
| Others | 0.6 | 1.1 | 0.7 | 32.0 | 276.4% |
| Total | 40.0 | 61.3 | 58.6 | 41.9 | 1.6% |
Top Export Markets for Titanium; Articles Thereof, Including Waste and Scrap from Oman in 2022:
- United Arab Emirates (247.0 kg)
- Qatar (106.0 kg)
- Iran (9.0 kg)
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