Oman: Metal Bath Market 2024

Metal Bath Market Size in Oman

The Omani metal bath market dropped notably to $X in 2021, which is down by -24.1% 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). Overall, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Metal Bath Exports

Exports from Oman

In 2021, shipments abroad of baths of iron or steel decreased by -78.3% to X tons, falling for the second year in a row after eight years of growth. In general, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 469% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal bath exports shrank notably to $X in 2021. Overall, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 486% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for metal bath exports from Oman, with a 110% share of total exports. Moreover, metal bath exports to Tanzania exceeded the volume sent to the second major destination, Yemen (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania stood at +77.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and the United Arab Emirates (+71.2% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for baths of iron or steel exports from Oman, comprising 54% of total exports. The second position in the ranking was held by Tanzania ($X), with a 20% share of total exports. It was followed by Somalia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +56.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+53.7% per year) and Somalia (+97.4% per year).

Export Prices by Country

In 2021, the average metal bath export price amounted to $X per ton, rising by 170% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-8.4%), while the prices for the other major destinations experienced a decline.

Metal Bath Imports

Imports into Oman

In 2021, supplies from abroad of baths of iron or steel decreased by -69.3% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 594% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, metal bath imports reduced to $X in 2021. In general, imports, however, saw a notable increase. The growth pace was the most rapid in 2017 when imports increased by 706%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main metal bath supplier to Oman, accounting for a 151% share of total imports. Moreover, metal bath imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Maldives (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.9% per year) and Maldives (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of baths of iron or steel to Oman, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 9.1% share of total imports. It was followed by Maldives, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and Maldives (0.0% per year).

Import Prices by Country

The average metal bath import price stood at $X per ton in 2021, growing by 188% against the previous year. In general, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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