MENA: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in MENA

In 2021, after two years of decline, there was significant growth in the MENA's copper pipe and fitting market, when its value increased by 23% to $X. Over the period under review, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in MENA

In value terms, copper pipe and fitting production surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 58%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports in MENA

In 2021, copper pipe and fitting exports in MENA skyrocketed to X tons, increasing by 92% compared with the previous year. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of copper tubes, pipes and fitting, generating 74% of total exports. Bahrain (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Iran (9.9%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +17.5% from 2012 to 2021. At the same time, Bahrain (+66.1%) and Iran (+12.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +66.1% from 2012-2021. By contrast, the United Arab Emirates (-1.3%) illustrated a downward trend over the same period. While the share of Bahrain (+11 p.p.) and Turkey (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-3.4 p.p.) and the United Arab Emirates (-6.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest copper pipe and fitting supplier in MENA, comprising 78% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 9.8% share of total exports. It was followed by Iran, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +17.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+80.0% per year) and Iran (+13.1% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports in MENA

Copper pipe and fitting imports soared to X tons in 2021, picking up by 42% compared with the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports surged to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the major importing country with an import of around X tons, which accounted for 37% of total imports. The United Arab Emirates (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (9.9%), Algeria (9.6%), Israel (7.9%) and Egypt (7.3%). Morocco (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the copper tubes, pipes and fitting imports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Morocco (+7.0%), Israel (+4.4%) and the United Arab Emirates (+2.1%) displayed positive paces of growth. Algeria experienced a relatively flat trend pattern. By contrast, Egypt (-4.0%) and Saudi Arabia (-8.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Israel increased by +22 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported copper tubes, pipes and fitting in MENA, comprising 37% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 9.6% share.

In Turkey, copper pipe and fitting imports increased at an average annual rate of +12.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.9% per year) and Saudi Arabia (-6.8% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, increasing by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per ton) and Morocco ($X per ton), while Algeria ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform