Oman: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Oman

The Omani non-malleable cast iron articles market shrank slightly to $X in 2022, reducing by -4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Oman

Non-malleable cast iron articles exports from Oman fell rapidly to X tons in 2022, with a decrease of -47.8% against 2021 figures. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 5,279% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports contracted sharply to $X in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 4,674% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of non-malleable cast iron articles exports from Oman, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of +110.3%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for articles of non-malleable cast iron exports from Oman, comprising 50% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Yemen, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.6% per year) and Yemen (+47.9% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2019 an increase of 37%. The export price peaked at $X per ton in 2016; however, from 2017 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 the UK ($X per ton), while the average price for exports to Yemen ($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 the UK (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Oman

Non-malleable cast iron articles imports into Oman contracted to X tons in 2022, which is down by -6.8% against 2021 figures. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 60%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports reduced to $X in 2022. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 76%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest non-malleable cast iron articles supplier to Oman, accounting for a 70% share of total imports. Moreover, non-malleable cast iron articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.8% per year) and India (-17.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of articles of non-malleable cast iron to Oman, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by India, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.6% per year) and India (-14.4% per year).

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, waning by -4.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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