Price for Winding Wire of Copper in Qatar - 2023
Contents:
Price for Winding Wire of Copper in Qatar (CIF) - 2022
The average winding wire of copper import price stood at $4,419 per ton in 2022, declining by -11.5% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, average import prices reached the peak figure at $7,945 per ton in 2013; however, from 2014 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 South Korea ($17,829 per ton), while the price for India ($3,299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the prices for the other major suppliers experienced a decline.
Imports of Winding Wire of Copper in Qatar
For the fourth year in a row, Qatar recorded growth in supplies from abroad of winding wire of coppers, which increased by 25% to 928 tons in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 94%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, winding wire of copper imports rose markedly to $4.1M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Winding Wire of Copper in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 283 | 965 | 1,051 | 1,918 | 89.2% |
| Saudi Arabia | N/A | N/A | 1,075 | 853 | -20.7% |
| India | 279 | 402 | 406 | 506 | 22.0% |
| China | 672 | 204 | 266 | 340 | -20.3% |
| Malaysia | N/A | 111 | 234 | 58.9 | -27.2% |
| Others | 1,089 | 1,181 | 685 | 424 | -27.0% |
| Total | 2,323 | 2,862 | 3,718 | 4,100 | 20.8% |
Top Suppliers of Winding Wire of Copper to Qatar in 2022:
- Turkey (451.6 tons)
- Saudi Arabia (226.5 tons)
- India (153.5 tons)
- China (74.8 tons)
- Malaysia (6.7 tons)
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