Refined Copper Market in the United Arab Emirates
Market Overview
In 
, the refined copper market in the United Arab Emirates increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, refined copper production reduced to $ in estimated in export price. Overall, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2008 with an increase of %. Refined copper production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.
, the refined copper market in the United Arab Emirates increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, refined copper production reduced to $
in estimated in export price. Overall, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2008 with an increase of %. Refined copper production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.Consumption
In , consumption of refined copper (unwrought, not alloyed) decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a prominent expansion. As a result, consumption attained the peak volume of tons, and then declined in the following year.
The size of the refined copper market in the United Arab Emirates shrank to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $, and then reduced in the following year.
, consumption of refined copper (unwrought, not alloyed) decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a prominent expansion. As a result, consumption attained the peak volume of tons, and then declined in the following year.The size of the refined copper market in the United Arab Emirates shrank to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $, and then reduced in the following year.Market Forecast
The refined copper market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.
% in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.Trade Balance
The United Arab Emirates remains a net importer of refined copper; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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