Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $1,901 per ton, with a decrease of -4.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when the average import price increased by 18%. The import price peaked at $4,956 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,369 per ton), while the price for Singapore totaled $1,589 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman (FOB) - 2022

The average export price for steel, alloy stood at $2,544 per ton in 2020, flattening at the previous year. Overall, the export price recorded a noticeable decline. The growth pace was the most rapid in 2019 when the average export price increased by less than 0.1%. The export price peaked at $2,984 per ton in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

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

From 2016 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman

For the third year in a row, Oman recorded decline in overseas purchases of steel, alloy, which decreased by -16.8% to 126 tons in 2022. Over the period under review, imports recorded a abrupt decrease. The smallest decline of -13.2% was in 2020.

In value terms, imports of steel, alloy reduced markedly to $240K in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 2.2% against the previous year. As a result, imports reached the peak of $364K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Oman in 2022:

1. Singapore (75.8 tons)
2. United Arab Emirates (50.4 tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Oman

Exports of steel, alloy from Oman fell rapidly to 3.6 tons in 2020, reducing by -20% on 2019. In general, exports recorded a dramatic contraction.

In value terms, exports of steel, alloy plummeted to $9.1K in 2020. Overall, exports faced a dramatic slump.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Oman in 2022:

1. Iran (3.6 tons)

Source: IndexBox Market Intelligence Platform