United Arab Emirates: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the United Arab Emirates

The market for copper bars, rods and profiles in the United Arab Emirates declined remarkably to $X in 2022, dropping by -31.2% against the previous year. Over the period under review, consumption, however, showed a measured increase. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Production of Copper Bars, Rods and Profiles in the United Arab Emirates

In value terms, copper bar, rod and profile production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from the United Arab Emirates

Copper bar, rod and profile exports from the United Arab Emirates reduced to X tons in 2022, shrinking by -5.1% against the previous year's figure. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 50%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports reduced to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for copper bar, rod and profile exports from the United Arab Emirates, accounting for a 38% share of total exports. Moreover, copper bar, rod and profile exports to Egypt exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. India (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +144.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+46.7% per year) and India (-22.7% per year).

In value terms, Egypt ($X) remains the key foreign market for copper bars, rods and profiles exports from the United Arab Emirates, comprising 44% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 12% share of total exports. It was followed by India, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt stood at +148.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+52.1% per year) and India (-24.2% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, falling by -5.2% against the previous year. Overall, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 97%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into the United Arab Emirates

In 2022, approx. X tons of copper bars, rods and profiles were imported into the United Arab Emirates; waning by -4.5% on the previous year. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by 23%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports dropped significantly to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of copper bar, rod and profile imports to the United Arab Emirates, together accounting for 52% of total imports. China and South Africa lagged somewhat behind, together comprising a further 6.3%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to the United Arab Emirates were India ($X), the United States ($X) and the UK ($X), together accounting for 49% of total imports. China and South Africa lagged somewhat behind, together comprising a further 6.5%.

China, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, waning by -14.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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