Oman: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Oman

The Omani base metal clasp market reduced sharply to $X in 2022, waning by X% 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, however, posted measured growth. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Base Metal Clasp Exports

Exports from Oman

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal exported from Oman surged to X kg, picking up by X% against 2021 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal clasp exports surged to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for base metal clasp exports from Oman, with a X% share of total exports. Moreover, base metal clasp exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Switzerland (X% per year).

In value terms, Qatar ($X) emerged as the key foreign market for articles such as clasps, frames with clasps, parts of base metal exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports.

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

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a noticeable decrease. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Switzerland ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Clasp Imports

Imports into Oman

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal imported into Oman reduced notably to X tons, falling by X% on the previous year. Over the period under review, imports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, base metal clasp imports contracted notably to $X in 2022. In general, imports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest base metal clasp supplier to Oman, with a X% share of total imports. Moreover, base metal clasp imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Iran (X tons), sixfold. China (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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and China (X% per year).

In value terms, Taiwan (Chinese) ($X), the United Arab Emirates ($X) and China ($X) constituted the largest base metal clasp suppliers to Oman, together accounting for X% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal clasp import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal clasp import price increased by X% against 2020 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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