Price for Inorganic Acids; Other than Hydrogen Fluoride in Oman - 2022

Price for Inorganic Acids; Other than Hydrogen Fluoride in Oman (CIF) - 2022

In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $828 per ton, shrinking by -28.3% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 75% against the previous year. As a result, import price reached the peak level of $5,066 per ton. From 2016 to 2022, the average 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 Spain ($2,510 per ton), while the price for the United Arab Emirates ($323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.3%), while the prices for the other major suppliers experienced a decline.

Price for Inorganic Acids; Other than Hydrogen Fluoride in Oman (FOB) - 2022

The average export price for inorganic acids; other than hydrogen fluorides stood at $2,406 per ton in 2022, with a decrease of -30.5% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 134% against the previous year. Over the period under review, the average export prices attained the peak figure at $13,454 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.4% per year.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in Oman

In 2022, purchases abroad of inorganic acids; other than hydrogen fluorides was finally on the rise to reach 393 tons after two years of decline. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $325K in 2022. In general, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Inorganic Acids; Other than Hydrogen Fluoride in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	50.3	54.1	72.2	122	34.4%
United Arab Emirates	44.5	44.4	28.6	100	31.0%
Spain	26.3	15.5	15.3	79.8	44.8%
Malaysia	N/A	40.6	N/A	N/A	0%
United States	93.4	102	18.2	N/A	-55.9%
Others	42.2	30.7	16.7	23.5	-17.7%
Total	257	287	151	325	8.1%

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Oman in 2022:

United Arab Emirates (309.5 tons)
China (48.6 tons)
Spain (31.8 tons)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in Oman

For the third year in a row, Oman recorded decline in overseas shipments of inorganic acids; other than hydrogen fluorides, which decreased by -50% to 1.6 tons in 2022. Overall, exports recorded a sharp reduction. The smallest decline of -29.3% was in 2020.

In value terms, exports of inorganic acids; other than hydrogen fluorides declined significantly to $3.8K in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -41.1% was in 2020.