Oman: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Oman

The Omani compounds of rare-earth metals market rose slightly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Oman

In value terms, compounds of rare-earth metals production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Oman

Compounds of rare-earth metals exports from Oman amounted to X kg in 2020, therefore, remained relatively stable against the year before. Overall, exports faced a dramatic decline. The smallest decline of X% was in 2019. The exports peaked at X kg in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, compounds of rare-earth metals exports totaled $X in 2020. In general, exports recorded a significant increase. The smallest decline of X% was in 2019. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

The United States (X kg) was the main destination for compounds of rare-earth metals exports from Oman, with a approx. X% share of total exports.

From 2018 to 2020, the average annual growth rate of volume to the United States was relatively modest.

From 2018 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average compounds of rare-earth metals export price stood at $X per ton in 2020, almost unchanged from the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

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

From 2018 to 2020, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Oman

In 2022, supplies from abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals decreased by X% to X kg, falling for the fourth year in a row after two years of growth. In general, imports saw a dramatic descent. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, compounds of rare-earth metals imports shrank dramatically to $X in 2022. Overall, imports faced a sharp slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Luxembourg (X kg) constituted the largest compounds of rare-earth metals supplier to Oman, accounting for a X% share of total imports. Moreover, compounds of rare-earth metals imports from Luxembourg exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold. The United States (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, Luxembourg ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Oman, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Luxembourg totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a noticeable setback. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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