Price for Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates - 2021

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates (FOB) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates
4. Imports of Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates

Price for Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $6,118 per ton in 2022, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,201 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Jordan.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +3.5% per year.

Price for Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $18,550 per ton in 2022, jumping by 175% against the previous year. Overall, the import price recorded resilient growth. The pace of growth was the most pronounced in 2014 an increase of 428% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Denmark ($38,423 per ton), while the price for India amounted to $8,074 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas shipments of copper; refined, unwrought, wire-barses, when their volume decreased by -8% to 621 tons. The total export volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 674 tons, and then fell in the following year.

In value terms, copper; refined, unwrought, wire-bars exports declined to $3.8M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 18%.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from the United Arab Emirates in 2022:

1. Jordan (619.8 tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in the United Arab Emirates

In 2022, purchases abroad of copper; refined, unwrought, wire-barses decreased by -18.5% to 92 tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 606%. As a result, imports attained the peak of 503 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper; refined, unwrought, wire-bars imports skyrocketed to $1.7M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 710%. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to the United Arab Emirates in 2022:

1. India (36.1 tons)
2. Denmark (28.8 tons)

Source: IndexBox Market Intelligence Platform