Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $10,348 per ton in 2022, picking up by 10% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +48.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($11,409 per ton) and Germany ($10,738 per ton), while the price for India ($9,813 per ton) and the UK ($10,149 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $9,366 per ton, increasing by 10% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses increased by +23.9% against 2018 indices. The growth pace was the most rapid in 2017 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($36,172 per ton), while the average price for exports to Senegal ($1,450 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 Qatar (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates

In 2022, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into the United Arab Emirates contracted to 1.3K tons, dropping by -3.7% against the previous year's figure. Over the period under review, imports saw a abrupt decline.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses rose rapidly to $13M in 2022. Overall, imports recorded a abrupt setback.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to the United Arab Emirates in 2022:

1. China (782.7 tons)
2. United Kingdom (368.4 tons)
3. India (50.3 tons)
4. Germany (41.2 tons)
5. Turkey (35.9 tons)
6. Malaysia (6.5 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in the United Arab Emirates

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from the United Arab Emirates soared to 211 tons, increasing by 111% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses surged to $2M in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from the United Arab Emirates in 2022:

1. Oman (103.5 tons)
2. Tanzania (66.5 tons)
3. Senegal (9.0 tons)
4. Lebanon (4.9 tons)
5. Niger (4.8 tons)
6. Kenya (4.1 tons)
7. Egypt (3.8 tons)
8. Rwanda (1.0 tons)
9. Kuwait (0.1 tons)

Source: IndexBox Market Intelligence Platform