Salts; Molybdates Price in Oman - 2021

Salts; Molybdates Price in Oman (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $22,315 per ton, rising by 5.4% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +54.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 72% against the previous year. The import price peaked at $24,332 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($29,747 per ton), while the price for the United Arab Emirates ($17,747 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 Arab Emirates (+7.5%), while the prices for the other major suppliers experienced a decline.

Salts; Molybdates Price in Oman (FOB) - 2022

In 2021, the average salts; molybdates export price amounted to $10,735 per ton, declining by -3.7% against the previous year. Overall, the export price showed a noticeable curtailment. Over the period under review, the average export prices hit record highs at $11,144 per ton in 2020, and then reduced slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2020 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Salts; Molybdates Imports in Oman

Salts; molybdates imports into Oman shrank markedly to 2.1 tons in 2022, dropping by -21% on 2021 figures. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.3%.

In value terms, salts; molybdates imports dropped significantly to $47K in 2022. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 50%.

Import of Salts; Molybdates in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	25.7	14.8	26.1	21.6	-5.6%
United States	18.3	18.1	15.9	13.7	-9.2%
United Kingdom	6.3	2.5	13.1	10.8	19.7%
Saudi Arabia	0.5	N/A	N/A	N/A	0%
Others	14.1	2.5	1.8	1.3	-54.8%
Total	64.9	37.9	56.9	47.4	-9.9%

Top Suppliers of Salts; Molybdates to Oman in 2022:

United Arab Emirates (1219.0 kg)
United States (522.0 kg)
United Kingdom (363.0 kg)

Salts; Molybdates Exports in Oman

In 2021, approx. 34 kg of salts; molybdateses were exported from Oman; shrinking by -69.4% compared with the year before. Overall, exports continue to indicate a significant contraction.

In value terms, salts; molybdates exports contracted significantly to $365 in 2021. Over the period under review, exports recorded a sharp decline.