Oman: Threaded Metal Articles Market 2025

Threaded Metal Articles Market Size in Oman

The Omani threaded metal articles market contracted to $X in 2021, declining by -8.3% 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). Over the period under review, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Threaded Metal Articles Exports

Exports from Oman

In 2021, the amount of threaded articles of iron or steel exported from Oman reached X tons, stabilizing at the previous year's figure. Overall, exports, however, continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2017 with an increase of 2,471% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, threaded metal articles exports reached $X in 2021. In general, exports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 2,680%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Tanzania (X kg) and Iran (X kg) were the main destinations of threaded metal articles exports from Oman, together comprising 74% 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 Tanzania (with a CAGR of -6.5%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for threaded articles of iron or steel exports from Oman, comprising 46% of total exports. The second position in the ranking was held by Iran ($X), with a 5.4% share of total exports. It was followed by Saudi Arabia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-9.2% per year) and Saudi Arabia (-44.6% per year).

Export Prices by Country

In 2021, the average threaded metal articles export price amounted to $X per ton, rising by 7.4% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 207% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($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 the United Arab Emirates (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Oman

In 2021, purchases abroad of threaded articles of iron or steel increased by 1.3% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 369%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, threaded metal articles imports shrank to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.9% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 175%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of threaded metal articles to Oman, with a 79% share of total imports. Moreover, threaded metal articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.3% per year) and China (-3.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of threaded articles of iron or steel to Oman, comprising 62% of total imports. The second position in the ranking was held by Luxembourg ($X), with an 8.3% share of total imports. It was followed by India, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+137.1% per year) and India (+11.7% per year).

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, declining by -14.3% against the previous year. Overall, the import price, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2018 an increase of 35%. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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 Luxembourg ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+51.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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