Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $7,248 per ton, with a decrease of -27.5% against the previous year. In general, the import price saw a slight curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $10,468 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Italy ($43,731 per ton), while the price for the UK ($5,521 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $6,753 per ton in 2022, declining by -25.6% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119%. The export price peaked at $12,487 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($12,955 per ton), while the average price for exports to Seychelles ($73 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates

In 2022, overseas purchases of copper; cast, moulded, stamped or forged, but not further worked increased by 67% to 264 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked skyrocketed to $1.9M in 2022. In general, imports, however, showed a deep setback.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to the United Arab Emirates in 2022:

1. United Kingdom (228.0 tons)
2. Saudi Arabia (8.0 tons)
3. China (8.0 tons)
4. United States (7.4 tons)
5. India (5.2 tons)
6. Italy (4.3 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in the United Arab Emirates

In 2022, exports of copper; cast, moulded, stamped or forged, but not further worked from the United Arab Emirates soared to 113 tons, surging by 27% against 2021 figures. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 320% against the previous year. As a result, the exports reached the peak of 318 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked contracted to $760K in 2022. In general, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from the United Arab Emirates in 2022:

1. Saudi Arabia (53.3 tons)
2. Austria (43.9 tons)
3. Oman (10.0 tons)
4. Seychelles (2.9 tons)

Source: IndexBox Market Intelligence Platform