Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman
4. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $367 per ton, shrinking by -5.9% against the previous year. In general, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 an increase of 268% against the previous year. As a result, the export price attained the peak level of $667 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +20.1% per year.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman (CIF) - 2022

The average import price for ferrous waste and scrap; of tinned iron or steels stood at $448 per ton in 2022, shrinking by -10.3% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked at $529 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($705 per ton), while the price for Malaysia totaled $446 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman

Exports of ferrous waste and scrap; of tinned iron or steels from Oman skyrocketed to 1.4K tons in 2022, with an increase of 2,600% against 2021 figures. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 7,747%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $504K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 16,989%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Oman in 2022:

1. India (1.4K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Oman

In 2022, purchases abroad of ferrous waste and scrap; of tinned iron or steels decreased by -28.8% to 837 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 136%. As a result, imports attained the peak of 1.2K tons, and then contracted notably in the following year.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels shrank markedly to $375K in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 261% against the previous year. As a result, imports reached the peak of $588K, and then shrank sharply in the following year.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Oman in 2022:

1. Malaysia (828.9 tons)

Source: IndexBox Market Intelligence Platform