Oman: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in Oman

After two years of decline, the Omani iron or steel bridges market increased by 53% to $X in 2022. In general, consumption posted a significant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Oman

In 2022, the amount of iron or steel bridges and bridge-sections exported from Oman soared to X tons, with an increase of 83% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 431%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel bridges exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 310%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Yemen (X tons) were the main destinations of iron or steel bridges exports from Oman, together accounting for 87% 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 +50.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X) appeared to be the largest markets for iron or steel bridges exported from Oman worldwide, together accounting for 85% of total exports. Yemen and Saudi Arabia lagged somewhat behind, together comprising a further 13%.

Yemen, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron or steel bridges export price amounted to $X per ton, dropping by -19% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of 37%. Over the period under review, the average export prices reached the maximum 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 Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kuwait (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Oman

After two years of decline, supplies from abroad of iron or steel bridges and bridge-sections increased by 52% to X tons in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 264%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, iron or steel bridges imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 184% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Saudi Arabia (X tons) were the main suppliers of iron or steel bridges imports to Oman, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +59.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to Oman, comprising 52% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+66.6% per year) and Saudi Arabia (+60.8% per year).

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2022, growing by 2.8% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :