Price for Nickel; Bars, Rods, Profiles and Wire in Oman - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Oman (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Oman (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Oman
- Exports of Nickel; Bars, Rods, Profiles and Wire in Oman
Price for Nickel; Bars, Rods, Profiles and Wire in Oman (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $40,194 per ton, increasing by 14% against the previous year. Overall, the import price saw a perceptible increase. The pace of growth appeared the most rapid in 2019 an increase of 34%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($42,658 per ton) and the United Arab Emirates ($42,129 per ton), while the price for France ($38,375 per ton) and China ($39,155 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Oman (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $39,332 per ton in 2022, jumping by 41% against the previous year. Over the period under review, export price indicated a significant increase from 2019 to 2022: its price increased at an average annual rate of +22.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nickel; bars, rods, profiles and wires increased by +82.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($39,603 per ton), while the average price for exports to the United Arab Emirates ($29,667 per ton) was amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Bars, Rods, Profiles and Wire in Oman
In 2022, overseas purchases of nickel; bars, rods, profiles and wires decreased by -76.3% to 35 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 74%.
In value terms, imports of nickel; bars, rods, profiles and wires declined significantly to $1.4M in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 97% against the previous year.
| Import of Nickel; Bars, Rods, Profiles and Wire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,152 | 2,688 | 3,573 | 674 | -16.4% |
| Switzerland | 173 | 276 | 672 | 307 | 21.1% |
| United Arab Emirates | 268 | 302 | 519 | 248 | -2.6% |
| South Korea | 86.3 | 90.8 | 146 | 41.1 | -21.9% |
| Italy | 6.7 | 11.1 | 68.2 | 37.5 | 77.5% |
| Germany | 10.8 | 13.4 | 32.7 | 33.4 | 45.7% |
| Others | 65.6 | 90.8 | 170 | 65.7 | 0.1% |
| Total | 1,762 | 3,472 | 5,181 | 1,407 | -7.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Oman in 2022:
- China (17.2 tons)
- Switzerland (7.5 tons)
- United Arab Emirates (5.9 tons)
- South Korea (1.0 tons)
- Italy (0.9 tons)
- Germany (0.8 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Oman
For the third consecutive year, Oman recorded decline in shipments abroad of nickel; bars, rods, profiles and wires, which decreased by -53.7% to 9.5 tons in 2022. In general, exports continue to indicate a precipitous slump. The smallest decline of -26.1% was in 2020.
In value terms, exports of nickel; bars, rods, profiles and wires declined dramatically to $373K in 2022. Overall, exports saw a precipitous curtailment. The smallest decline of -19.3% was in 2020.
| Export of Nickel; Bars, Rods, Profiles and Wire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 857 | 692 | 571 | 359 | -25.2% |
| India | 7.5 | N/A | N/A | 12.5 | 18.6% |
| United Arab Emirates | 11.8 | 8.4 | 1.3 | 0.1 | -79.6% |
| Others | 2.7 | 9.7 | 0.9 | 1.9 | -11.1% |
| Total | 879 | 710 | 573 | 373 | -24.9% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Oman in 2022:
- Iran (9.1 tons)
- India (0.3 tons)
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