Middle East: Copper Powder Market 2024

Copper Powder Market Size in the Middle East

In 2021, the Middle Eastern copper powder market increased by 5.4% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the market value increased by 5.9% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Copper Powder Production in the Middle East

In value terms, copper powder production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Copper Powder Exports

Exports in the Middle East

In 2021, shipments abroad of copper powders and flakes decreased by -5.1% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 47%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper powder exports totaled $X in 2021. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 59%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Israel (X tons) dominates exports structure, together mixing up 92% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a 6.2% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +16.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Israel ($X), Turkey ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +13.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price showed a moderate increase. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+8.3%), while the other leaders experienced more modest paces of growth.

Copper Powder Imports

Imports in the Middle East

In 2021, supplies from abroad of copper powders and flakes increased by 0.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, copper powder imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 49%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of copper powders and flakes, namely Turkey, the United Arab Emirates and Saudi Arabia, represented more than two-thirds of total import. It was distantly followed by Iran (X tons), mixing up a 5.5% share of total imports. The following importers - Israel (X tons) and Iraq (X tons) - each recorded a 6.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper powder importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 82% of total imports.

The United Arab Emirates, with a CAGR of +31.2%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, jumping by 32% against the previous year. In general, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when the import price increased by 343% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per ton) and Turkey ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+69.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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