GCC: Copper Screw Market 2025

Copper Screw Market Size in GCC

In 2021, the GCC copper screw market increased by 28% to $X, rising for the second year in a row after two years of decline. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Copper Screw Production in GCC

In value terms, copper screw production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 127% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Copper Screw Exports

Exports in GCC

In 2021, the amount of copper screws, bolts and nuts exported in GCC skyrocketed to X tons, jumping by 42% against 2020 figures. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 52% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper screw exports expanded rapidly to $X in 2021. In general, exports saw pronounced growth. The most prominent rate of growth was recorded in 2017 when exports increased by 59% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X tons, which was near 88% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), comprising an 8.8% share of total exports. Kuwait (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper screw exports from the United Arab Emirates stood at +6.4%. At the same time, Kuwait (+65.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +65.1% from 2012-2021. By contrast, Saudi Arabia (-30.1%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+8.8 p.p.) and Kuwait (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-7.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest copper screw supplier in GCC, comprising 91% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5% share of total exports.

In the United Arab Emirates, copper screw exports expanded at an average annual rate of +3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-23.3% per year) and Kuwait (+73.9% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, waning by -20% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the export price increased by 44%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.8%), while the other leaders experienced mixed trends in the export price figures.

Copper Screw Imports

Imports in GCC

In 2021, purchases abroad of copper screws, bolts and nuts increased by 20% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a moderate increase. The pace of growth was the most pronounced in 2020 with an increase of 347%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, copper screw imports rose significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the key importer of copper screws, bolts and nuts in GCC, with the volume of imports accounting for X tons, which was near 77% of total imports in 2021. It was distantly followed by Qatar (X tons) and the United Arab Emirates (X tons), together mixing up an 18% share of total imports. Oman (X tons) took a minor share of total imports.

Saudi Arabia was also the fastest-growing in terms of the copper screws, bolts and nuts imports, with a CAGR of +9.9% from 2012 to 2021. At the same time, Oman (+7.8%) displayed positive paces of growth. By contrast, Qatar (-4.1%) and the United Arab Emirates (-10.6%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+34 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-9.8 p.p.) and the United Arab Emirates (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of imports in 2021, together accounting for 86% of total imports. These countries were followed by Oman, which accounted for a further 7.3%.

Oman, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, dropping by -7.2% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform