Middle East: Copper Chain Market 2025

Copper Chain Market Size in the Middle East

In 2022, the Middle Eastern copper chain market increased by 3.2% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Copper Chain Production in the Middle East

In value terms, copper chain production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 9.7%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Copper Chain Exports

Exports in the Middle East

In 2022, the amount of chain and parts thereof of copper exported in the Middle East reduced to X tons, waning by -5.7% against the year before. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 325% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, copper chain exports dropped modestly to $X in 2022. Overall, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 224% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X tons, which resulted at 64% of total exports. It was distantly followed by Israel (X tons) and Turkey (X tons), together constituting a 33% share of total exports. Bahrain (X kg) took a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the chain and parts thereof of copper exports, with a CAGR of -1.2% from 2012 to 2022. Turkey (-7.2%), Bahrain (-8.5%) and Israel (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +28 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest copper chain supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Israel totaled -2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+15.8% per year) and the United Arab Emirates (-1.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 1.6% against the previous year. In general, the export price saw a strong increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 128% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.8%), while the other leaders experienced more modest paces of growth.

Copper Chain Imports

Imports in the Middle East

In 2022, the amount of chain and parts thereof of copper imported in the Middle East expanded significantly to X tons, surging by 9.1% against the previous year. Over the period under review, imports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper chain imports totaled $X in 2022. Overall, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when imports increased by 50% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in imports structure, amounting to X tons, which was near 69% of total imports in 2022. Turkey (X tons) ranks second in terms of the total imports with a 9.2% share, followed by Lebanon (5.3%). Iran (X tons), Iraq (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to copper chain imports into Saudi Arabia stood at +24.8%. At the same time, Lebanon (+43.3%) and Iraq (+11.6%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.3% from 2012-2022. By contrast, Iran (-5.3%), Kuwait (-10.6%), Turkey (-11.0%) and the United Arab Emirates (-25.3%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+63 p.p.), Lebanon (+5.2 p.p.) and Iraq (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-1.6 p.p.), Kuwait (-2.5 p.p.), Turkey (-14.5 p.p.) and the United Arab Emirates (-40.7 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported chain and parts thereof of copper in the Middle East, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to +19.4%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-5.4% per year) and the United Arab Emirates (-16.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by 2.9% against the previous year. Over the period under review, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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