GCC: Market for Copper Tubes And Pipes 2023

Market Size for Copper Tubes And Pipes in GCC

The GCC copper tube and pipe market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in GCC

In value terms, copper tube and pipe production expanded remarkably to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X,481,500% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports in GCC

In 2022, shipments abroad of copper tubes and pipes increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, copper tube and pipe exports surged to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Bahrain was the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of X%).

In value terms, Bahrain ($X) remains the largest copper tube and pipe supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Bahrain stood at X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2021, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Imports of Copper Tubes And Pipes

Imports in GCC

In 2022, approx. X tons of copper tubes and pipes were imported in GCC; growing by X% compared with the previous year. Overall, imports, however, showed a noticeable descent. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, copper tube and pipe imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importer of copper tubes and pipes in GCC, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Qatar (X tons), together mixing up a X% share of total imports. Bahrain (X tons) and Oman (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Bahrain ($X per ton), while Oman ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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