MENA: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in MENA

The MENA's market for copper bars, wire and plates dropped to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in MENA

In value terms, copper bars, wire and plates production shrank dramatically to $X in 2022 estimated in export price. In general, production saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in MENA

In 2022, shipments abroad of copper bars, wire and plates increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the key exporter of copper bars, wire and plates, comprising X% of total exports. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%). Iran (X tons) and Kuwait (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to copper bars, wire and plates exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest copper bars, wire and plates supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

In the United Arab Emirates, copper bars, wire and plates exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Imports of Copper Bars, Wire And Plates

Imports in MENA

Copper bars, wire and plates imports fell slightly to X tons in 2022, declining by X% on the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bars, wire and plates imports dropped to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) and Morocco (X tons) were the main importers of copper bars, wire and plates in MENA, together generating X% of total imports. Kuwait (X tons) held the next position in the ranking, followed by Tunisia (X tons), Qatar (X tons), Oman (X tons), Egypt (X tons) and the United Arab Emirates (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates importing markets in MENA were Turkey ($X), Morocco ($X) and Kuwait ($X), together accounting for X% of total imports.

Kuwait, 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 MENA stood at $X per ton in 2022, approximately equating the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bars, wire and plates import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Morocco ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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