Price for Winding Wire of Copper in the United Arab Emirates - 2021
Contents:
- Price for Winding Wire of Copper in the United Arab Emirates (FOB) - 2022
- Price for Winding Wire of Copper in the United Arab Emirates (CIF) - 2022
- Exports of Winding Wire of Copper in the United Arab Emirates
- Imports of Winding Wire of Copper in the United Arab Emirates
Price for Winding Wire of Copper in the United Arab Emirates (FOB) - 2022
The average winding wire of copper export price stood at $8,397 per ton in 2022, which is down by -22.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 60% against the previous year. As a result, the export price reached the peak level of $10,856 per ton, and then reduced markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($10,630 per ton), while the average price for exports to Tanzania ($809 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 Bahrain (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in the United Arab Emirates (CIF) - 2022
The average winding wire of copper import price stood at $7,317 per ton in 2022, growing by 2.8% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper import price increased by +73.4% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 27%. Over the period under review, average import prices reached the peak figure at $7,529 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($8,919 per ton), while the price for China ($2,687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Winding Wire of Copper in the United Arab Emirates
In 2022, winding wire of copper exports from the United Arab Emirates declined to 1.8K tons, falling by -7.4% compared with 2021. Overall, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year.
In value terms, winding wire of copper exports contracted sharply to $15M in 2022. Over the period under review, exports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 131%.
| Export of Winding Wire of Copper in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 0.1 | 0.6 | 1.0 | 6.6 | 304.1% |
| United States | N/A | N/A | 0.3 | 4.1 | 1266.7% |
| Jordan | 0.6 | 0.6 | 0.2 | 1.6 | 38.7% |
| Mozambique | N/A | N/A | N/A | 0.3 | 0% |
| Tanzania | N/A | N/A | 0.1 | 0.2 | 100.0% |
| India | 11.6 | 0.3 | 0.1 | 0.1 | -79.5% |
| Rwanda | N/A | N/A | N/A | 0.1 | 0% |
| Philippines | 11.5 | N/A | 6.1 | N/A | -27.2% |
| Oman | 6.4 | 5.9 | 5.1 | N/A | -10.7% |
| Saudi Arabia | 10.0 | 0.3 | 0.1 | N/A | -90.0% |
| Ghana | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 1.2 | 7.8 | 2.0 | 35.7% |
| Total | 41.3 | 9.1 | 20.9 | 15.0 | -28.7% |
Top Export Markets for Winding Wire of Copper from the United Arab Emirates in 2022:
- Egypt (621.4 tons)
- United States (590.8 tons)
- Tanzania (284.4 tons)
- Jordan (154.4 tons)
- Mozambique (46.2 tons)
- Rwanda (26.5 tons)
- India (7.1 tons)
Imports of Winding Wire of Copper in the United Arab Emirates
In 2022, imports of winding wire of coppers into the United Arab Emirates dropped modestly to 4.4K tons, declining by -3.7% compared with the previous year. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 2.6% against the previous year.
In value terms, winding wire of copper imports reduced modestly to $32M in 2022. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 2.2%.
| Import of Winding Wire of Copper in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.0 | 9.4 | 16.5 | 19.6 | 21.2% |
| China | 1.5 | 2.6 | 3.3 | 2.1 | 11.9% |
| Italy | 1.1 | 0.5 | 0.5 | 2.0 | 22.1% |
| Turkey | 1.4 | 0.8 | 0.8 | 1.2 | -5.0% |
| South Korea | 0.5 | 0.3 | 1.4 | 0.9 | 21.6% |
| Greece | 0.3 | 0.1 | 0.2 | 0.6 | 26.0% |
| United Kingdom | 1.8 | 1.2 | 1.4 | 0.4 | -39.4% |
| Egypt | 14.4 | 9.8 | 0.7 | 0.1 | -80.9% |
| Malaysia | 4.2 | 1.4 | 0.5 | N/A | -65.5% |
| Kuwait | N/A | 1.9 | 0.1 | N/A | -94.7% |
| Others | 4.9 | 3.5 | 7.0 | 5.1 | 1.3% |
| Total | 41.1 | 31.7 | 32.4 | 32.0 | -8.0% |
Top Suppliers of Winding Wire of Copper to the United Arab Emirates in 2022:
- India (2194.8 tons)
- China (784.3 tons)
- Italy (364.2 tons)
- Turkey (149.3 tons)
- South Korea (129.5 tons)
- Greece (114.1 tons)
- United Kingdom (28.7 tons)
- Egypt (13.0 tons)
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