Price for Winding Wire of Copper in Oman - 2021
Contents:
- Price for Winding Wire of Copper in Oman (CIF) - 2022
- Price for Winding Wire of Copper in Oman (FOB) - 2022
- Imports of Winding Wire of Copper in Oman
- Exports of Winding Wire of Copper in Oman
Price for Winding Wire of Copper in Oman (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $8,683 per ton, which is down by -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $8,934 per ton in 2021, and then dropped modestly in the following year.
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 ($11,517 per ton), while the price for China ($1,859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Oman (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $2,775 per ton, approximately equating the previous year. Overall, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 206% against the previous year. As a result, the export price reached the peak level of $8,814 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 export markets. In 2022, amid the top suppliers, the country with the highest price was India ($5,456 per ton), while the average price for exports to Somalia ($1,509 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 (+12.1%), while the prices for the other major destinations experienced a decline.
Imports of Winding Wire of Copper in Oman
In 2022, imports of winding wire of coppers into Oman declined to 2.1K tons, reducing by -11.8% against the previous year's figure. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of 2.4K tons, and then contracted in the following year.
In value terms, winding wire of copper imports contracted to $18M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports attained the peak of $21M, and then declined in the following year.
| Import of Winding Wire of Copper in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.5 | 6.4 | 13.4 | 11.7 | 7.2% |
| United Arab Emirates | 4.2 | 5.1 | 4.3 | 4.0 | -1.6% |
| Egypt | 3.0 | 2.7 | 2.6 | 2.2 | -9.8% |
| China | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.5 | 1.1 | 1.0 | 0.4 | -7.2% |
| Total | 17.2 | 15.3 | 21.5 | 18.4 | 2.3% |
Top Suppliers of Winding Wire of Copper to Oman in 2022:
- India (1015.4 tons)
- United Arab Emirates (576.0 tons)
- Egypt (389.2 tons)
- China (101.9 tons)
Exports of Winding Wire of Copper in Oman
In 2022, shipments abroad of winding wire of coppers was finally on the rise to reach 36 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a precipitous decrease.
In value terms, winding wire of copper exports skyrocketed to $100K in 2022. Over the period under review, exports, however, showed a sharp reduction.
| Export of Winding Wire of Copper in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 6.0 | 1.6 | 34.3 | 61.3 | 117.0% |
| United Arab Emirates | 49.6 | 39.8 | 14.1 | 14.4 | -33.8% |
| Ethiopia | 54.6 | 46.7 | 14.7 | 13.3 | -37.5% |
| Somalia | 68.1 | 18.2 | 8.7 | 7.8 | -51.4% |
| Yemen | 3.0 | 1.2 | 0.4 | 0.4 | -48.9% |
| Tanzania | 2.3 | 1.0 | N/A | N/A | -56.5% |
| Others | 774 | 13.0 | 7.1 | 3.2 | -84.0% |
| Total | 958 | 122 | 79.2 | 100 | -52.9% |
Top Export Markets for Winding Wire of Copper from Oman in 2022:
- Tanzania (undefined tons)
- Qatar (21.9 tons)
- United Arab Emirates (5.2 tons)
- Somalia (5.2 tons)
- Ethiopia (3.1 tons)
- Yemen (0.4 tons)
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