Oman: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Oman

After four years of growth, the Omani market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X in 2020. Over the period under review, consumption saw a drastic downturn. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Oman

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Sudan (X tons) and Bahrain (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Oman, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Sudan ($X) and Bahrain ($X) were the largest markets for iron, steel or aluminium reservoir exported from Oman worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Sudan (+X% per year) recorded the highest rates of growth with regard to 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

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed a buoyant increase. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sudan, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Oman

In 2020, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted remarkably to $X in 2020. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), South Korea (X tons) and Italy (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Oman, together accounting for X% of total imports. These countries were followed by China, India, the U.S. and Saudi Arabia, which together accounted for a further X 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), South Korea ($X) and Italy ($X) were the largest iron, steel or aluminium reservoir suppliers to Oman, together accounting for X% of total imports.

Italy recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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