Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates - 2022

Contents:

  1. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (FOB) - 2022
  2. Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (CIF) - 2022
  3. Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates
  4. Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $7,844 per ton, approximately reflecting the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; refined, unwrought, cathodes and sections of cathodeses increased by +43.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices attained the maximum at $8,715 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($9,247 per ton), while the average price for exports to Malaysia ($2,089 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 Bahrain (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (CIF) - 2022

The average import price for copper; refined, unwrought, cathodes and sections of cathodeses stood at $7,090 per ton in 2022, rising by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2018 an increase of 6.5%. Over the period under review, average import prices reached the maximum at $8,086 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($8,211 per ton), while the price for Germany ($4,139 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates

After two years of decline, shipments abroad of copper; refined, unwrought, cathodes and sections of cathodeses increased by 13% to 21K tons in 2022. In general, exports, however, showed a abrupt slump.

In value terms, exports of copper; refined, unwrought, cathodes and sections of cathodeses rose sharply to $163M in 2022. Overall, exports, however, continue to indicate a mild descent.

Export of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia13454.016.745.0-30.5%
BahrainN/AN/A4.610.0117.4%
Pakistan2.810.07.98.444.2%
China9.88.985.56.9-11.0%
MalaysiaN/AN/AN/A3.70%
India11.66.60.80.6-62.7%
Taiwan (Chinese)10.92.60.30.4-66.8%
Others2.376.730.088.2237.2%
Total172159146163-1.8%

Top Export Markets for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes from the United Arab Emirates in 2022:

  1. Saudi Arabia (5.3K tons)
  2. Malaysia (1.8K tons)
  3. Bahrain (1.1K tons)
  4. Pakistan (1.0K tons)
  5. China (0.7K tons)
  6. Taiwan (Chinese) (0.1K tons)
  7. India (0.1K tons)

Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates

In 2022, the amount of copper; refined, unwrought, cathodes and sections of cathodeses imported into the United Arab Emirates fell rapidly to 14K tons, reducing by -29.4% on 2021. Overall, imports recorded a significant contraction. The smallest decline of -29.4% was in 2020.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses reduced notably to $98M in 2022. In general, imports recorded a sharp decrease. The smallest decline of -24.8% was in 2020.

Import of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Congo71.356.439.430.6-24.6%
Kazakhstan7.83.96.94.2-18.6%
Iran4.86.65.44.0-5.9%
Germany2.82.71.91.7-15.3%
Norway1.71.71.11.0-16.2%
Singapore1.61.51.00.9-17.5%
Zambia4.13.51.80.9-39.7%
Russia4.51.40.40.3-59.5%
Others13295.572.254.3-25.6%
Total23017313097.9-24.8%

Top Suppliers of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes to the United Arab Emirates in 2022:

  1. Congo (4.4K tons)
  2. Iran (0.5K tons)
  3. Kazakhstan (0.5K tons)
  4. Germany (0.4K tons)
  5. Singapore (0.2K tons)
  6. Norway (0.2K tons)
  7. Zambia (0.1K tons)
  8. Russia (0.1K tons)

Source: IndexBox Market Intelligence Platform

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