Price for Copper; Refined, Unwrought, Wire-Bars in Saudi Arabia - 2021

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Saudi Arabia (FOB) - 2022
2. Exports of Copper; Refined, Unwrought, Wire-Bars in Saudi Arabia

Price for Copper; Refined, Unwrought, Wire-Bars in Saudi Arabia (FOB) - 2022

In 2021, the average copper; refined, unwrought, wire-bars export price amounted to $6,037 per ton, picking up by 2.2% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $7,557 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($9,276 per ton), while the average price for exports to Bahrain ($3,958 per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Copper; Refined, Unwrought, Wire-Bars in Saudi Arabia

Copper; refined, unwrought, wire-bars exports from Saudi Arabia soared to 217 tons in 2021, growing by 52% compared with 2020. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 110%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars exports surged to $1.3M in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 126%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Saudi Arabia in 2022:

1. United Arab Emirates (96.6 tons)
2. Iraq (61.3 tons)
3. Bahrain (21.7 tons)
4. Jordan (13.7 tons)
5. Yemen (11.9 tons)
6. Sudan (7.7 tons)

Source: IndexBox Market Intelligence Platform