Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman - 2022

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (CIF) - 2022

In 2022, the average import price for clasps and frames with clasps amounted to $6,880 per ton, growing by 17% against the previous year. Over the period under review, the import price recorded a mild expansion. The pace of growth appeared the most rapid in 2013 an increase of 87%. As a result, import price reached the peak level of $11,348 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 France ($60,732 per ton), while the price for China ($2,234 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (FOB) - 2022

In 2022, the average export price for clasps and frames with clasps amounted to $31,067 per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +5.5%. The pace of growth was the most pronounced in 2013 an increase of 40%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($34,364 per ton), while the average price for exports to the United Arab Emirates amounted to $22,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.8%).

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman

In 2022, overseas purchases of clasps and frames with clasps decreased by -12.6% to 10 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 717%. As a result, imports attained the peak of 17 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of clasps and frames with clasps rose slightly to $71K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 176%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France15.437.743.237.234.2%
United Arab Emirates1.911.117.228.0145.2%
India0.11.21.41.1122.4%
China0.10.30.71.0115.4%
Qatar0.13.63.3N/A474.5%
Others2.51.23.43.612.9%
Total20.055.169.271.052.5%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Oman in 2022:

  1. United Arab Emirates (8.5 tons)
  2. France (0.6 tons)
  3. China (0.4 tons)
  4. India (0.3 tons)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman

After two years of decline, overseas shipments of clasps and frames with clasps decreased by -21.1% to 15 kg in 2022. Over the period under review, exports showed a deep downturn. The smallest decline of -17.4% was in 2020.

In value terms, exports of clasps and frames with clasps shrank to $466 in 2022. In general, exports recorded a abrupt contraction.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Oman (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar567525498378-12.6%
United Arab Emirates35.028.08.088.036.0%
OthersN/AN/A1.0N/A0%
Total602553507466-8.2%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Oman in 2022:

  1. Qatar (11.0 kg)
  2. United Arab Emirates (4.0 kg)

Source: IndexBox Market Intelligence Platform

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