Egypt: Copper Wire Market 2024

Copper Wire Market Size in Egypt

In 2021, after two years of growth, there was significant decline in the Egyptian copper wire market, when its value decreased by -9.9% to $X. In general, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Copper Wire Production in Egypt

In value terms, copper wire production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped slightly in the following year.

Copper Wire Exports

Exports from Egypt

In 2021, shipments abroad of copper wire increased by 96% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 133%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, copper wire exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for copper wire exports from Egypt, with a 33% share of total exports. Moreover, copper wire exports to Saudi Arabia exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was held by Lebanon (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +86.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+16.6% per year) and Lebanon (+19.4% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for copper wire exports from Egypt, comprising 34% of total exports. The second position in the ranking was held by Turkey ($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 amounted to +88.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+14.3% per year) and Lebanon (+19.0% per year).

Export Prices by Country

In 2021, the average copper wire export price amounted to $X per ton, jumping by 52% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +66.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to China ($X per ton) and Sudan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Egypt

In 2021, the amount of copper wire imported into Egypt soared to X tons, with an increase of 75% compared with the year before. Overall, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 390%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, copper wire imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 331% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest copper wire supplier to Egypt, accounting for a 59% share of total imports. Moreover, copper wire imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +90.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-16.6% per year) and Belgium (-21.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of copper wire to Egypt, comprising 59% of total imports. The second position in the ranking was taken by Russia ($X), with a 23% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +125.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-18.9% per year) and Belgium (+635.0% per year).

Import Prices by Country

The average copper wire import price stood at $X per ton in 2021, increasing by 47% against the previous year. In general, the import price, however, recorded a perceptible decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform