MENA: Market for Copper Tubes And Pipes 2023

Market Size for Copper Tubes And Pipes in MENA

In 2022, the MENA's copper tube and pipe market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Copper Tubes And Pipes in MENA

In value terms, copper tube and pipe production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in MENA

In 2022, shipments abroad of copper tubes and pipes increased by X% to X tons, rising for the seventh year in a row after three years of decline. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the key exporting country with an export of about X tons, which finished at X% of total exports. Bahrain (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together took near X% share of total exports.

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

In value terms, Turkey ($X), Bahrain ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Bahrain ($X per ton), while the United Arab Emirates ($X per ton) and Iran ($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.

Imports of Copper Tubes And Pipes

Imports in MENA

In 2022, approx. X tons of copper tubes and pipes were imported in MENA; jumping by X% against 2021 figures. Total imports indicated a noticeable expansion 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports skyrocketed to $X in 2022. In general, imports posted pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Turkey (X tons) was the major importer of copper tubes and pipes, mixing up X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), Algeria (X tons), Egypt (X tons) and Israel (X tons). All these countries together took near X% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the copper tubes and pipes imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Israel (X%) displayed positive paces of growth. Algeria and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Egypt (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Egypt, the United Arab Emirates and Saudi Arabia saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported copper tubes and pipes in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted modestly in the following year.

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

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

Source: IndexBox Platform

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