# Oman Iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section price positioning (HS 720719)

Canonical: https://www.yugalinks.com/trade/price-exporter/omn/720719
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Oman has a median reported export price of $638.5/t across 23 markets. Across the reported period, the highest observed price is $45.0K/t in Belgium; the lowest is $419.9/t in Indonesia.

## Summary

- Price spread: 6,981.9%
- Total trade value: $3.3B
- Average quantity: 110,061 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Saudi Arabia | 2023 | $1.5K/t | -1.8% | +73.3% | +136.9% | $1.8B | 5 | Mid |
| Indonesia | 2023 | $524.8/t | -62.1% | -10.6% | +10.7% | $1.0B | 5 | Below |
| Thailand | 2022 | $715.6/t | -81.7% | +65.9% | +67.9% | $79.5M | 3 | Below |
| China | 2023 | $420.0/t | -86.7% | Not reported | +0% | $18.9M | 1 | Below |
| Romania | 2023 | $780.1/t | -36.4% | -0.7% | -0.7% | $23.2M | 2 | Below |
| Tunisia | 2023 | $638.5/t | +11.1% | -2.9% | -2.9% | $74.5M | 2 | Mid |
| Republic of Korea | 2023 | $637.5/t | -85.9% | -45.9% | -45.9% | $10.6M | 2 | Below |
| India | 2023 | $580.4/t | -58.5% | +25.7% | +12% | $29.8M | 3 | Below |
| Malaysia | 2019 | $421.0/t | -89.9% | Not reported | +0% | $8.6M | 1 | Below |
| Jordan | 2022 | $1.4K/t | -1.3% | +13.5% | +13.5% | $10.9M | 2 | Mid |
| Brazil | 2022 | $1.0K/t | -94.5% | Not reported | +0% | $3.7M | 1 | Below |
| Kenya | 2022 | $676.3/t | -2.9% | Not reported | +0% | $2.4M | 1 | Mid |
| Ethiopia | 2023 | $853.0/t | +1.4% | +101.1% | +101.1% | $3.9M | 2 | Mid |
| Djibouti | 2019 | $505.7/t | +0% | Not reported | +0% | $1.5M | 1 | Mid |
| Italy | 2019 | $453.2/t | -83% | Not reported | +0% | $312.0K | 1 | Below |
| Belgium | 2017 | $45.0K/t | +1,672.8% | Not reported | +0% | $90.0 | 1 | Above |

## Price history

- Saudi Arabia: 2017 $641.2/t, 2019 $588.6/t, 2020 $577.2/t, 2022 $876.6/t, 2023 $1.5K/t
- Indonesia: 2017 $473.9/t, 2019 $439.2/t, 2020 $419.9/t, 2022 $586.8/t, 2023 $524.8/t
- Thailand: 2019 $426.2/t, 2020 $431.3/t, 2022 $715.6/t
- China: 2023 $420.0/t
- Romania: 2022 $785.5/t, 2023 $780.1/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $551.7/t | Not reported | $300.0M | 5 |
| 2019 | $484.9/t | -12.1% | $365.3M | 9 |
| 2020 | $520.8/t | +7.4% | $398.1M | 7 |
| 2022 | $740.6/t | +42.2% | $1.2B | 14 |
| 2023 | $851.3/t | +15% | $1.0B | 9 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 23 importer markets; 44 reported market-year observations.

## FAQ

### What does Oman price positioning show for HS 720719?

It compares Oman's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "OMN",
  "hs_code": "720719",
  "summary": {
    "num_markets": 23,
    "highest_price_importer_iso3": "BEL",
    "highest_price_usd_per_ton": 45000,
    "lowest_price_importer_iso3": "IDN",
    "lowest_price_usd_per_ton": 419.9112336691685,
    "median_price_across_markets": 638.507513849597,
    "price_spread_pct": 6981.920776085315,
    "avg_quantity_metric_tons": 110061.23650000001,
    "total_trade_value_usd": 3258745828
  },
  "marketRows": [
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      "price_vs_median_pct": -1.7860463202784642,
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  "trendRows": [
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