Oman: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Oman

The Omani metal spring washer market contracted to $X in 2022, waning by -13.2% 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 saw a abrupt contraction. Metal spring washer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Spring Washer Exports

Exports from Oman

In 2022, exports of iron or steel spring washers from Oman fell sharply to X kg, waning by -57.8% compared with 2021 figures. Overall, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 10,617% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports contracted significantly to $X in 2022. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of 14,555% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X kg), Bahrain (X kg) and Qatar (X kg) were the main destinations of metal spring washer exports from Oman, with a combined 87% share 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 Qatar (with a CAGR of +16.0%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for iron or steel spring washers exports from Oman, comprising 77% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 6.1% share of total exports. It was followed by Yemen, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (0.0% per year) and Yemen (-7.5% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, with an increase of 21% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 58%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 India (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Oman

In 2022, the amount of iron or steel spring washers imported into Oman declined to X tons, dropping by -12.6% compared with the year before. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 412% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports fell to $X in 2022. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 403% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest metal spring washer supplier to Oman, with a 47% share of total imports. Moreover, metal spring washer imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.4% per year) and India (+8.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iron or steel spring washers to Oman, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with an 8.9% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.3% per year) and Germany (-11.5% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, declining by -1.8% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price increased by +53.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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