Egypt: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Egypt

The Egyptian market for copper bars, wire and plates fell to $X in 2021, with a decrease of -9.9% against the previous year. Over the period under review, consumption showed a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Egypt

In value terms, copper bars, wire and plates production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Egypt

In 2021, shipments abroad of copper bars, wire and plates increased by 68% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a mild reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for copper bars, wire and plates exports from Egypt, with a 34% share of total exports. Moreover, copper bars, wire and plates exports to Saudi Arabia exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Lebanon (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+13.3% per year) and Lebanon (-2.2% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for copper bars, wire and plates exports from Egypt, comprising 34% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by Lebanon, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+11.0% per year) and Lebanon (-4.8% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 47% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Wire And Plates

Imports into Egypt

Copper bars, wire and plates imports into Egypt skyrocketed to X tons in 2021, rising by 21% on the previous year's figure. Over the period under review, imports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 130%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 124% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest copper bars, wire and plates supplier to Egypt, accounting for a 38% share of total imports. Moreover, copper bars, wire and plates imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +89.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-16.2% per year) and Turkey (+8.6% per year).

In value terms, the largest copper bars, wire and plates suppliers to Egypt were the United Arab Emirates ($X), Russia ($X) and Turkey ($X), with a combined 64% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +119.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, picking up by 34% against the previous year. In general, the import price, however, saw a pronounced reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 France ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :