Middle East: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in the Middle East

After four years of growth, the Middle Eastern threaded copper articles market decreased by X% to $X in 2022. Overall, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Threaded Copper Articles Production in the Middle East

In value terms, threaded copper articles production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Threaded Copper Articles Exports

Exports in the Middle East

In 2022, exports of threaded articles of copper in the Middle East amounted to X tons, growing by X% against 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, threaded copper articles exports contracted to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Turkey (X tons), Palestine (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022. Israel (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Palestine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles supplying countries in the Middle East were Palestine ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Palestine, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, dropping by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Palestine (X%), while the other leaders experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports in the Middle East

After five years of growth, supplies from abroad of threaded articles of copper decreased by X% to X tons in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, threaded copper articles imports contracted significantly to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

The purchases of the one major importers of threaded articles of copper, namely Saudi Arabia, represented more than two-thirds of total import.

Saudi Arabia was also the fastest-growing in terms of the threaded articles of copper imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Saudi Arabia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported threaded articles of copper in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a abrupt downturn. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Source: IndexBox Platform

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