Oman: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Oman

In 2022, after three years of growth, there was significant decline in the Omani steel sheet piling market, when its value decreased by X% to $X. Overall, consumption, however, showed a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Steel Sheet Piling Production in Oman

In value terms, steel sheet piling production shrank notably to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Steel sheet piling production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Steel Sheet Piling Exports

Exports from Oman

In 2022, approx. X tons of sheet piling of steel were exported from Oman; dropping by X% on 2021. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel sheet piling exports reduced dramatically to $X in 2022. Overall, exports saw a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for steel sheet piling exports from Oman, with a X% share of total exports. Moreover, steel sheet piling exports to Thailand exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and China (X% per year).

It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average steel sheet piling export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Bahrain ($X per ton), while the average price for exports to Yemen ($X per ton) and Free Zones ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports into Oman

In 2022, approx. X tons of sheet piling of steel were imported into Oman; with an increase of X% against the previous year. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kuwait (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of steel sheet piling imports to Oman, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and the Netherlands ($X) were the largest steel sheet piling suppliers to Oman, together accounting for X% of total imports.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steel sheet piling import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady 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 China ($X per ton) and India ($X per ton), while the price for the United Arab Emirates ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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