Copper Wire Price in Qatar - 2023
Contents:
Copper Wire Price in Qatar (CIF) - 2023
In August 2023, the average copper wire import price amounted to $8,655 per ton, stabilizing at the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average import price increased by 10% m-o-m. The import price peaked at $9,138 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was India ($9,388 per ton), while the price for the United Arab Emirates stood at $8,626 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+1.3%).
Copper Wire Imports in Qatar
In 2022, the amount of copper wires imported into Qatar amounted to 48K tons, growing by 12% on the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 51K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper wire imports rose sharply to $449M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Copper Wire in Qatar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Russia | 104 | 190 | 227 | 47.7% | |
India | 5.1 | 13.6 | 67.3 | 263.3% | |
Uzbekistan | 1.1 | 3.5 | 39.3 | 497.7% | |
United Arab Emirates | N/A | N/A | 39.1 | 0% | |
Malaysia | 19.6 | 46.5 | 11.2 | -24.4% | |
Spain | 12.1 | 16.1 | 3.9 | -43.2% | |
Germany | 20.9 | 16.7 | N/A | -20.1% | |
Brazil | 50.2 | 0.2 | N/A | -99.6% | |
Others | 14.7 | 4.0 | 4.2 | -46.5% | |
Total | 228 | 290 | 392 | 31.1% |
Top Suppliers of Copper Wire to Qatar in 2022:
- Germany (undefinedK tons)
- Russia (25.2K tons)
- India (6.8K tons)
- Uzbekistan (4.6K tons)
- United Arab Emirates (4.0K tons)
- Malaysia (1.3K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the copper wire market in Qatar.
This report provides an in-depth analysis of the market for copper bars, wire and plates in Qatar.
This report provides an in-depth analysis of the global copper wire market.
This report provides an in-depth analysis of the global market for copper bars, wire and plates.
This report provides an in-depth analysis of the copper wire market in Qatar.
This report provides an in-depth analysis of the global copper wire market.
Explore the top import markets for copper wire, including the United States, Italy, Mexico, China, and more. Discover key statistics and import values using IndexBox market intelligence.
Explore the top import markets for copper bars, wire, and plates, including the United States, China, Italy, Germany, and more. Discover key statistics and import values from 2022. Find growth opportunities in the global copper industry.
Explore the top import markets for copper wire, including the United States, Italy, Mexico, China, and more. Discover key statistics and import values using IndexBox market intelligence.