Price for Iron and Non-Alloy Steel in Ingot in Oman - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Oman (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Oman (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Oman
- Imports of Iron and Non-Alloy Steel in Ingot in Oman
Price for Iron and Non-Alloy Steel in Ingot in Oman (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $402 per ton in 2022, rising by 5.4% against the previous year. In general, the export price, however, showed a abrupt slump. Over the period under review, the average export prices attained the peak figure at $957 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 Pakistan ($2,387 per ton), while the average price for exports to India stood at $177 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+625.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in Oman (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $6,900 per ton in 2022, rising by 594% against the previous year. In general, the import price recorded significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,315 per ton), while the price for the Netherlands ($1,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron and Non-Alloy Steel in Ingot in Oman
In 2022, exports of iron and non-alloy steel in ingots from Oman reached 13K tons, surging by 9.6% compared with 2021 figures. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots soared to $5.1M in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron and Non-Alloy Steel in Ingot in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 0.8 | 4.7 | 487.5% |
| Jordan | N/A | N/A | 2.6 | N/A | 0% |
| Kuwait | 0.4 | N/A | 0.6 | N/A | 22.5% |
| Pakistan | N/A | N/A | 0.4 | N/A | 0% |
| Others | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Total | 0.5 | N/A | 4.4 | 5.1 | 116.9% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Oman in 2022:
- India (26.5K tons)
Imports of Iron and Non-Alloy Steel in Ingot in Oman
In 2022, approx. 491 tons of iron and non-alloy steel in ingots were imported into Oman; waning by -5.9% against the year before. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 228%. As a result, imports attained the peak of 522 tons, and then contracted in the following year.
In value terms, imports of iron and non-alloy steel in ingots surged to $3.4M in 2022. In general, imports, however, posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | N/A | 2.5 | 1,902 | 959.3% |
| Belgium | 0.2 | 0.2 | 1.2 | 1,313 | 1772.5% |
| Netherlands | 0.4 | 0.2 | 1.1 | 117 | 563.8% |
| United Arab Emirates | 0.3 | N/A | 1.8 | 46.6 | 437.6% |
| Iran | 232 | 151 | 505 | N/A | 47.5% |
| Others | 1.3 | 0.8 | 7.5 | 12.0 | 109.8% |
| Total | 236 | 152 | 519 | 3,391 | 143.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Oman in 2022:
- Belgium (1055.7 tons)
- China (821.8 tons)
- Netherlands (95.6 tons)
- United Arab Emirates (35.6 tons)
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