Price for Wire of Other Alloy Steel in Oman - 2022
Contents:
- Price for Wire of Other Alloy Steel in Oman (CIF) - 2022
- Price for Wire of Other Alloy Steel in Oman (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Oman
- Exports of Wire of Other Alloy Steel in Oman
Price for Wire of Other Alloy Steel in Oman (CIF) - 2022
The average import price for wire of other alloy steels stood at $2,195 per ton in 2022, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 32%. The import price peaked at $2,349 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($2,153 per ton) and Turkey ($2,150 per ton), while the price for the Netherlands ($1,812 per ton) and India ($1,982 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Oman (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,774 per ton, increasing by 76% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 132%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($1,909 per ton) and Singapore ($1,880 per ton), while the average price for exports to Somalia ($1,671 per ton) and Free Zones ($1,879 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+99.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wire of Other Alloy Steel in Oman
In 2022, approx. 391 tons of wire of other alloy steels were imported into Oman; surging by 40% compared with 2021 figures. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. As a result, imports reached the peak of 556 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wire of other alloy steel imports skyrocketed to $859K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. As a result, imports attained the peak of $919K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Wire of Other Alloy Steel in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 55.5 | 81.7 | 39.2 | 223 | 59.0% |
| Netherlands | 57.1 | 69.1 | 54.0 | 146 | 36.7% |
| India | 62.8 | 130 | 47.0 | 119 | 23.7% |
| United Arab Emirates | 3.6 | 5.8 | 3.1 | 113 | 215.4% |
| Germany | 49.6 | 93.1 | 77.8 | 105 | 28.4% |
| China | 4.8 | 31.7 | 16.2 | 50.6 | 119.3% |
| Turkey | 222 | 408 | 244 | 14.2 | -60.0% |
| Czech Republic | 24.7 | 29.9 | 10.9 | N/A | -33.6% |
| Saudi Arabia | 26.1 | 38.0 | 13.0 | N/A | -29.4% |
| Others | 24.8 | 32.5 | 44.5 | 87.9 | 52.5% |
| Total | 531 | 919 | 550 | 859 | 17.4% |
Top Suppliers of Wire of Other Alloy Steel to Oman in 2022:
- South Korea (103.6 tons)
- Netherlands (80.6 tons)
- India (60.0 tons)
- United Arab Emirates (54.1 tons)
- Germany (51.6 tons)
- China (25.3 tons)
- Turkey (6.6 tons)
Exports of Wire of Other Alloy Steel in Oman
For the third year in a row, Oman recorded decline in overseas shipments of wire of other alloy steels, which decreased by -99.7% to 412 kg in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of -33.7% was in 2020.
In value terms, wire of other alloy steel exports dropped dramatically to $731 in 2022. Over the period under review, exports showed a dramatic downturn. The smallest decline of -52.6% was in 2020.
| Export of Wire of Other Alloy Steel in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | N/A | 6.1 | N/A | 0.4 | -74.4% |
| Singapore | N/A | N/A | N/A | 0.3 | 0% |
| Free Zones | N/A | N/A | N/A | 0.1 | 0% |
| Colombia | 285 | N/A | N/A | N/A | 0% |
| India | 2,084 | 1,218 | 120 | N/A | -76.0% |
| United Arab Emirates | 354 | 11.2 | 0.4 | N/A | -96.6% |
| Others | 73.6 | 90.8 | 43.3 | N/A | -23.3% |
| Total | 2,796 | 1,326 | 164 | 0.7 | -93.7% |
Top Export Markets for Wire of Other Alloy Steel from Oman in 2022:
- Somalia (210.0 kg)
- Singapore (133.0 kg)
- Free Zones (58.0 kg)
- United Arab Emirates (11.0 kg)
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