Oman: Zinc Market 2025

Zinc Market Size in Oman

The Omani zinc market declined modestly to $X in 2021, remaining constant 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, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.4% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Zinc Exports

Exports from Oman

Zinc exports from Oman surged to X tons in 2021, rising by 28% compared with 2020 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 3,876%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, zinc exports soared to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,056% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for zinc exports from Oman, accounting for a 60% share of total exports. Moreover, zinc exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +80.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Pakistan (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for zinc exports from Oman, comprising 59% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 21% share of total exports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +92.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Pakistan (0.0% per year).

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, rising by 33% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 167% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and Pakistan ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were 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 (+6.7%).

Zinc Imports

Imports into Oman

In 2021, overseas purchases of zinc increased by 14% to X tons, rising for the third year in a row after three years of decline. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 135%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, zinc imports amounted to $X in 2021. In general, imports posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 94%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of zinc to Oman, with a 84% share of total imports. Moreover, zinc imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Australia (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.5% per year) and Australia (+40.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of zinc to Oman, comprising 110% of total imports. The second position in the ranking was taken by India ($X), with a 10% share of total imports. It was followed by Australia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.0% per year) and Australia (+46.8% per year).

Import Prices by Country

In 2021, the average zinc import price amounted to $X per ton, falling by -3.7% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc import price decreased by -30.4% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Australia ($X per ton), while the price for the United Arab Emirates ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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