Oman: Copper Screw Market 2025

Copper Screw Market Size in Oman

In 2021, the Omani copper screw market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Copper Screw Exports

Exports from Oman

In 2021, shipments abroad of copper screws, bolts and nuts decreased by -52% to X kg for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 212% against the previous year. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, copper screw exports dropped dramatically to $X in 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 175%. The exports peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

Qatar (X kg), the United Arab Emirates (X kg) and Free Zones (X kg) were the main destinations of copper screw exports from Oman, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper screw exported from Oman were Qatar ($X), the United Arab Emirates ($X) and Free Zones ($X), together accounting for 88% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +76.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, which is down by -6.3% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper screw export price increased by +59.1% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Germany ($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 Qatar (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Screw Imports

Imports into Oman

In 2021, after three years of decline, there was significant growth in purchases abroad of copper screws, bolts and nuts, when their volume increased by 65% to X tons. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 379%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, copper screw imports skyrocketed to $X in 2021. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 356% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main copper screw supplier to Oman, with a 92% share of total imports. It was followed by India (X tons), with a 1.8% share of total imports. Saudi Arabia (X kg) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.0% per year) and Saudi Arabia (-23.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of copper screws, bolts and nuts to Oman, comprising 78% of total imports. The second position in the ranking was held by India ($X), with a 3% share of total imports. It was followed by Saudi Arabia, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.5% per year) and Saudi Arabia (-16.8% per year).

Import Prices by Country

In 2021, the average copper screw import price amounted to $X per ton, surging by 13% against the previous year. In general, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper screw import price increased by +49.8% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 40%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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