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T13 · Trade opportunity evidence

South Korea (KOR) to Oman (OMN) iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm (HS6 720854)

A country-to-country view of reported iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm trade, combining buyer demand, exporter position, market structure, access conditions, and observed lane history.

Exporter South Korea (KOR)Importer Oman (OMN)HS6 720854Two-way horizontal tradeCoverage 2018-2021Accelerating
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3-year buyer projection

$11.3MCalculated from reported demand

Exporter growth

+11.1%Full available history

Suppliers in market

6Latest reported count

Observed history

4 yearsLast year: 2021

Reported observations

What this iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm lane shows for HS 720854

Core values for South Korea (KOR) → Oman (OMN) in HS 720854.

Buyer market

Latest imports$5.8M
Five-year projection$17.6M
Buyer CAGR+36.1%
Latest annual change+15.5%

Exporter position

Latest exports$155.0K
Market share3.6%
Share change+3.5 pp
Best observed share93.9%

Market structure

Reported suppliers6
Concentration index8,834.3
Share gap+90.2 pp
SignalAccelerating

Detailed evidence

Complete lane evidence

Reported values, calculated indicators, and country-pair context for this route.

MeasureValueWhat it describes
Buyer imports$5.8MOman (OMN)'s latest reported imports
Exporter exports$155.0KSouth Korea (KOR)'s exports to Oman (OMN)
Exporter market share3.6%Exporter share of the reported buyer market
Buyer five-year CAGR+36.1%Annualized change in buyer imports
Exporter full-history CAGR+11.1%Annualized change in exporter exports
Three-year buyer projection$11.3MCalculated projection from reported demand
Five-year buyer projection$17.6MCalculated projection from reported demand
Average buyer imports$1.5MAverage reported importer value
Peak buyer imports$5.8MHighest reported importer value
Average exporter exports$45.1KAverage reported lane exports
Peak exporter exports$155.0KHighest reported lane exports
Share change+3.5 ppLatest one-year change in exporter share
Reported suppliers6Supplier countries observed in the latest period
Buyer GDP$85.9BLatest buyer-country GDP estimate
Buyer GDP per person$16.4KLatest buyer-country GDP per person
Buyer population5,223.4 thousandLatest buyer-country population estimate
Buyer investment rate25.2%Reported buyer-country investment rate
Buyer secondary education76.3%Reported secondary education coverage
Distance6,590 kmApproximate country-pair distance
Business entry time4.3 daysReported days to start a business
Shared legal systemNoCountry-pair institutional relationship
Reported FTANoReported trade-agreement indicator
WTO memberYesBuyer-country WTO membership indicator
Lane volatility1.4Variation indicator across observed lane values
Maximum drawdown94.7%Largest observed decline from a prior peak
Observed history4 yearsCoverage through 2021

Research reading

Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm demand and the South Korea (KOR) to Oman (OMN) lane

Oman (OMN) reported $5.8M of iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm imports in 2021. South Korea (KOR) accounted for 3.6% of the observed market and reported $155.0K in exports on this lane.

The latest annual values eased slightly, while the longer available history shows +36.1% buyer growth and +11.1% exporter growth. The page separates reported values from projections and indicators.

Product classification

What does HS 720854 include?

HS 720854 covers Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm. This page studies the six-digit Harmonized System classification rather than a company, brand, retail category, or individual shipment.

The classification sits in HS chapter 72 and heading 7208. The recorded trade type is two-way horizontal trade, with a low price range classification in the available product reference data.

How to interpret this page

Compare demand, position, and history together

This HS 720854 trade opportunity page brings together the buyer market in Oman (OMN), the exporter position of South Korea (KOR), and the observed conditions of their trade lane. A large buyer market does not by itself show that every exporter has equal access, and a positive growth rate does not remove the need to examine volatility and historical coverage.

Use the reported imports and exports to understand scale, market share to understand position, projections to understand the calculated forward view, and lane history to understand how much evidence supports the comparison.

Frequently asked questions

Questions about South Korea (KOR) to Oman (OMN) iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm trade

What is the HS code for this product?

This page covers HS 720854, the six-digit product classification shown in the trade records.

How large is the Oman (OMN) market?

The page reports the latest buyer imports, historical averages, peaks, growth, and calculated projections for iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm.

How strong is South Korea (KOR) in this market?

Exporter performance is shown through lane exports, market share, share change, growth, and the number of reported suppliers.

What should be checked before entering this market?

Review market scale, competition, access indicators, volatility, drawdown, and the available history together rather than relying on one signal.

Continue your researchHS 720854 product overviewExplore this product in the workspaceMethodology and definitions

Definitions and coverage

How to read this page

Reported values

Trade values describe reported merchandise trade for the stated HS6 classification. They are not company-level sales or shipment records.

Calculated indicators

Growth, projections, concentration, volatility, and share-gap figures are calculated from the reported observations and should be interpreted with their coverage period.

Coverage

This sample covers 4 observed years through 2021. Missing values are shown as not reported rather than estimated.

Explore the classification

Compare this product across markets and routes

Use the trade data and methodology pages to study other exporters, importers, and HS6 products.