Price for Refined Copper Tube and Pipe in the United Arab Emirates - 2021
Contents:
- Price for Refined Copper Tube and Pipe in the United Arab Emirates (CIF) - 2022
- Price for Refined Copper Tube and Pipe in the United Arab Emirates (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in the United Arab Emirates
- Exports of Refined Copper Tube and Pipe in the United Arab Emirates
Price for Refined Copper Tube and Pipe in the United Arab Emirates (CIF) - 2022
The average import price for tubes and pipes of refined copper stood at $8,463 per ton in 2022, reducing by -16.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. As a result, import price reached the peak level of $10,121 per ton, and then dropped markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($10,203 per ton) and South Africa ($8,368 per ton), while the price for Bahrain ($7,663 per ton) and China ($7,882 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Refined Copper Tube and Pipe in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for tubes and pipes of refined copper amounted to $4,257 per ton, with a decrease of -12% against the previous year. In general, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 82% against the previous year. Over the period under review, the average export prices hit record highs at $7,936 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($9,049 per ton), while the average price for exports to Tanzania ($2,038 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 Mozambique (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Refined Copper Tube and Pipe in the United Arab Emirates
In 2022, approx. 12K tons of tubes and pipes of refined copper were imported into the United Arab Emirates; shrinking by -9.3% against 2021 figures. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 13K tons, and then fell in the following year.
In value terms, refined copper tube and pipe imports reduced sharply to $103M in 2022. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 93%. As a result, imports reached the peak of $135M, and then dropped notably in the following year.
| Import of Refined Copper Tube and Pipe in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.0 | 12.6 | 24.3 | 24.7 | 13.3% |
| South Africa | 25.6 | 17.3 | 33.8 | 23.9 | -2.3% |
| United States | 5.0 | 10.8 | 18.8 | 16.4 | 48.6% |
| South Korea | 15.1 | 13.3 | 13.3 | 15.0 | -0.2% |
| Bahrain | 1.1 | 1.2 | 4.7 | 3.1 | 41.3% |
| India | 2.1 | 0.5 | 1.7 | 1.3 | -14.8% |
| Malaysia | 9.1 | 7.7 | 14.5 | N/A | 26.2% |
| Others | 5.6 | 6.6 | 24.4 | 18.3 | 48.4% |
| Total | 80.6 | 70.0 | 135 | 103 | 8.5% |
Top Suppliers of Refined Copper Tube and Pipe to the United Arab Emirates in 2022:
- China (3.1K tons)
- South Africa (2.9K tons)
- South Korea (1.8K tons)
- United States (1.6K tons)
- Bahrain (0.4K tons)
- India (0.2K tons)
Exports of Refined Copper Tube and Pipe in the United Arab Emirates
In 2022, approx. 407 tons of tubes and pipes of refined copper were exported from the United Arab Emirates; dropping by -3.5% compared with the previous year. Over the period under review, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 0.2% against the previous year.
In value terms, refined copper tube and pipe exports reduced rapidly to $1.7M in 2022. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 43%.
| Export of Refined Copper Tube and Pipe in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 0.2 | N/A | N/A | 821 | 1501.2% |
| Benin | N/A | N/A | N/A | 511 | 0% |
| Tanzania | 6.0 | 19.9 | 17.2 | 307 | 271.2% |
| Mozambique | 0.3 | N/A | 0.1 | 26.6 | 345.9% |
| Senegal | N/A | N/A | 41.0 | N/A | 0% |
| Oman | 1,722 | 1,072 | 1,755 | N/A | 1.0% |
| Others | 411 | 333 | 225 | 67.2 | -45.3% |
| Total | 2,140 | 1,426 | 2,039 | 1,732 | -6.8% |
Top Export Markets for Refined Copper Tube and Pipe from the United Arab Emirates in 2022:
- Egypt (162.6 tons)
- Tanzania (150.4 tons)
- Benin (56.4 tons)
- Mozambique (8.9 tons)
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This report provides an in-depth analysis of the market for copper tube and pipe in the United Arab Emirates.
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