Copper Wire Price in Qatar - 2023
Contents:
Copper Wire Price in Qatar (CIF) - 2023
In August 2023, the average copper wire import price amounted to $8,655 per ton, stabilizing at the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average import price increased by 10% m-o-m. The import price peaked at $9,138 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was India ($9,388 per ton), while the price for the United Arab Emirates stood at $8,626 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+1.3%).
Copper Wire Imports in Qatar
In 2022, the amount of copper wires imported into Qatar amounted to 48K tons, growing by 12% on the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 51K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copper wire imports rose sharply to $449M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Copper Wire in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 104 | 190 | 227 | 47.7% | |
| India | 5.1 | 13.6 | 67.3 | 263.3% | |
| Uzbekistan | 1.1 | 3.5 | 39.3 | 497.7% | |
| United Arab Emirates | N/A | N/A | 39.1 | 0% | |
| Malaysia | 19.6 | 46.5 | 11.2 | -24.4% | |
| Spain | 12.1 | 16.1 | 3.9 | -43.2% | |
| Germany | 20.9 | 16.7 | N/A | -20.1% | |
| Brazil | 50.2 | 0.2 | N/A | -99.6% | |
| Others | 14.7 | 4.0 | 4.2 | -46.5% | |
| Total | 228 | 290 | 392 | 31.1% | |
Top Suppliers of Copper Wire to Qatar in 2022:
- Germany (undefinedK tons)
- Russia (25.2K tons)
- India (6.8K tons)
- Uzbekistan (4.6K tons)
- United Arab Emirates (4.0K tons)
- Malaysia (1.3K tons)
- Spain (0.5K tons)
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