Price for Winding Wire of Copper in Saudi Arabia - 2021
Contents:
- Price for Winding Wire of Copper in Saudi Arabia (FOB) - 2022
- Price for Winding Wire of Copper in Saudi Arabia (CIF) - 2022
- Exports of Winding Wire of Copper in Saudi Arabia
- Imports of Winding Wire of Copper in Saudi Arabia
Price for Winding Wire of Copper in Saudi Arabia (FOB) - 2022
The average winding wire of copper export price stood at $4,794 per ton in 2022, surging by 7.2% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper export price decreased by -8.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 49% against the previous year. The export price peaked at $5,213 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($6,077 per ton), while the average price for exports to Qatar stood at $4,493 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Saudi Arabia (CIF) - 2022
In 2021, the average winding wire of copper import price amounted to $9,982 per ton, increasing by 36% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +10.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, winding wire of copper import price increased by +82.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($12,770 per ton), while the price for China ($2,636 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Saudi Arabia
In 2022, winding wire of copper exports from Saudi Arabia fell to 200 tons, shrinking by -11.5% against 2021 figures. Overall, exports faced a significant decline. The growth pace was the most rapid in 2021 when exports increased by 30%.
In value terms, winding wire of copper exports reduced to $958K in 2022. In general, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 11%.
| Export of Winding Wire of Copper in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | 192 | 734 | 282.3% |
| Bahrain | 76.3 | 57.3 | 47.3 | 219 | 42.1% |
| Kuwait | N/A | 137 | 46.7 | N/A | -65.9% |
| United Arab Emirates | 286 | 691 | 679 | N/A | 54.1% |
| Yemen | 1,620 | N/A | N/A | N/A | 0% |
| Others | 4.9 | 22.1 | 44.8 | 4.6 | -2.1% |
| Total | 1,987 | 907 | 1,009 | 958 | -21.6% |
Top Export Markets for Winding Wire of Copper from Saudi Arabia in 2022:
- Qatar (163.4 tons)
- Bahrain (36.0 tons)
Imports of Winding Wire of Copper in Saudi Arabia
In 2021, approx. 1.5K tons of winding wire of coppers were imported into Saudi Arabia; growing by 37% against the previous year's figure. In general, imports, however, saw a dramatic curtailment.
In value terms, winding wire of copper imports skyrocketed to $15M in 2021. Overall, imports, however, recorded a abrupt slump.
| Import of Winding Wire of Copper in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 1.7 | 0.9 | 8.1 | 118.3% | |
| India | 0.7 | 1.1 | 1.9 | 64.8% | |
| Poland | N/A | 0.6 | 1.4 | 133.3% | |
| Greece | 0.5 | 0.8 | 1.1 | 48.3% | |
| China | 0.5 | 0.3 | 0.7 | 18.3% | |
| Spain | N/A | N/A | 0.6 | 0% | |
| United Arab Emirates | 10.0 | 0.3 | N/A | -97.0% | |
| Egypt | 0.6 | N/A | N/A | 0% | |
| Italy | 1.1 | N/A | N/A | 0% | |
| Turkey | 3.6 | 2.1 | N/A | -41.7% | |
| Others | 2.4 | 2.0 | 1.2 | -29.3% | |
| Total | 21.0 | 8.0 | 15.0 | -15.5% | |
Top Suppliers of Winding Wire of Copper to Saudi Arabia in 2022:
- United States (635.7 tons)
- India (193.5 tons)
- Poland (139.8 tons)
- China (106.1 tons)
- Greece (100.8 tons)
- Spain (65.2 tons)
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