Oman: Aluminium Tube Market 2024

Aluminium Tube Market Size in Oman

After two years of decline, the Omani aluminium tube market increased by X% to $X in 2022. Over the period under review, consumption showed a moderate expansion. Aluminium tube consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Oman

In value terms, aluminium tube production soared to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Aluminium tube production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Aluminium Tube Exports

Exports from Oman

After five years of growth, overseas shipments of aluminium tubes, pipes and tube or pipe fittings decreased by X% to X tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, aluminium tube exports fell to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Qatar (X tons) was the main destination for aluminium tube exports from Oman, accounting for a X% share of total exports. Moreover, aluminium tube exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X tons), fourfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Singapore (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for aluminium tubes, pipes and tube or pipe fittings exports from Oman, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Bahrain (X% per year).

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced a decline.

Aluminium Tube Imports

Imports into Oman

Aluminium tube imports into Oman surged to X tons in 2022, with an increase of X% on 2021 figures. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, aluminium tube imports expanded rapidly to $X in 2022. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of aluminium tube to Oman, with a X% share of total imports. It was followed by China (X tons), with a X% share of total imports. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to Oman, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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