Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,480 per ton, jumping by 108% against the previous year. In general, the import price posted a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($1,481 per ton) and Iran ($1,481 per ton), while the price for China ($1,481 per ton) and Turkey ($1,481 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,454 per ton in 2022, increasing by 34% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 170% against the previous year. Over the period under review, the average export prices hit record highs at $5,352 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($1,568 per ton) and the United Arab Emirates ($1,435 per ton), while the average price for exports to Belgium ($1,435 per ton) and Bahrain ($1,435 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 (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman
After three years of growth, supplies from abroad of iron or non-alloy steel wire, not plated or coateds decreased by -42.7% to 24K tons in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports reached the peak of 42K tons, and then contracted notably in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds soared to $36M in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 158% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.3 | 4.0 | 17.4 | 21.3 | 86.2% |
| Iraq | 4.6 | 6.1 | 9.8 | 11.3 | 34.9% |
| Iran | 0.7 | N/A | 0.3 | 1.8 | 37.0% |
| China | 1.4 | 1.1 | 0.6 | 1.2 | -5.0% |
| Saudi Arabia | 0.4 | 0.1 | 1.1 | 0.1 | -37.0% |
| Turkey | 1.0 | 0.2 | 0.5 | N/A | -29.3% |
| Others | 0.2 | 0.2 | 0.5 | 0.2 | 0.0% |
| Total | 11.6 | 11.7 | 30.1 | 35.8 | 45.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Oman in 2022:
- United Arab Emirates (14.3K tons)
- Iraq (7.7K tons)
- Iran (1.2K tons)
- China (0.8K tons)
- Saudi Arabia (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman
For the third consecutive year, Oman recorded decline in shipments abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -18.2% to 140 tons in 2022. In general, exports recorded a significant decline.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds rose significantly to $203K in 2022. Over the period under review, exports showed a dramatic contraction.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 70.6 | 0% |
| United Arab Emirates | 534 | 37.2 | N/A | 55.2 | -53.1% |
| Qatar | 6.6 | 89.0 | 17.2 | 31.7 | 68.7% |
| Somalia | 10.0 | 3.5 | 13.7 | 30.3 | 44.7% |
| Bahrain | N/A | N/A | N/A | 15.3 | 0% |
| United States | N/A | N/A | 124 | N/A | 0% |
| India | 24.3 | N/A | N/A | N/A | 0% |
| Tanzania | N/A | 34.9 | N/A | N/A | 0% |
| Tunisia | N/A | 20.1 | N/A | N/A | 0% |
| Bangladesh | N/A | 17.5 | N/A | N/A | 0% |
| Yemen | N/A | 6.7 | 16.1 | N/A | 140.3% |
| Others | 1.0 | 0.1 | 13.4 | 0.1 | -53.6% |
| Total | 576 | 209 | 185 | 203 | -29.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Oman in 2022:
- Belgium (49.2 tons)
- United Arab Emirates (38.5 tons)
- Somalia (21.1 tons)
- Qatar (20.2 tons)
- Bahrain (10.6 tons)
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