Price for Wood; Statuettes and Other Ornaments of Wood in Oman - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in Oman (CIF) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in Oman (FOB) - 2022
3. Imports of Wood; Statuettes and Other Ornaments of Wood in Oman
4. Exports of Wood; Statuettes and Other Ornaments of Wood in Oman

Price for Wood; Statuettes and Other Ornaments of Wood in Oman (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $4,279 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $8,572 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Portugal ($52,952 per ton), while the price for Singapore ($563 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Oman (FOB) - 2022

In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $2,470 per ton, which is down by -22% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 89% against the previous year. As a result, the export price reached the peak level of $8,855 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($9,000 per ton), while the average price for exports to the United Arab Emirates ($619 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 Egypt (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood; Statuettes and Other Ornaments of Wood in Oman

In 2022, the amount of wood; statuettes and other ornaments of wood imported into Oman declined markedly to 39 tons, waning by -15.6% compared with the previous year's figure. In general, imports saw a sharp reduction. The smallest decline of -14.7% was in 2021.

In value terms, imports of wood; statuettes and other ornaments of wood shrank to $168K in 2022. Overall, imports recorded a precipitous curtailment. The smallest decline of -8.8% was in 2021.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Oman in 2022:

1. China (16.2 tons)
2. United Arab Emirates (13.6 tons)
3. Iran (2.3 tons)
4. Japan (0.8 tons)
5. Singapore (0.7 tons)
6. India (0.7 tons)

Exports of Wood; Statuettes and Other Ornaments of Wood in Oman

After two years of decline, shipments abroad of wood; statuettes and other ornaments of wood increased by 190% to 11 tons in 2022. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood; statuettes and other ornaments of wood soared to $28K in 2022. Over the period under review, exports, however, saw a drastic downturn.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Oman in 2022:

1. Qatar (9.1 tons)
2. France (1.2 tons)
3. United Arab Emirates (0.6 tons)
4. Egypt (0.1 tons)
5. Austria (0.1 tons)

Source: IndexBox Market Intelligence Platform