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UAE’s Copper Scrap and Wastes Market Outlook Report

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Copper scrap is one of the supply sources in the copper industry. It accounts for a third of total copper consumption in the UAE. Scrap is used in either of two ways: it is cast and refined into cathodes or unwrought products, or directly used in the production of copper and alloy semis. In the latter case, production costs are significantly reduced. Thus, copper scrap is mostly cast into unwrought products and sold to upstream buyers (to be converted into cathode) and downstream semis producers. It should be noted that semis producers with fire refining furnaces directly use scrap rather than secondary unwrought copper to produce semis.

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Product Description

With a per-capita GDP of $61,000 in 2019, the UAE was the second largest economy in the region that year, behind Qatar. Despite being the most diverse economy in the Gulf Cooperation Council (GCC), the country is still reliant on oil. Oil and petrochemicals account for a major portion (more than half) of the country’s exports. Due to the growing demand in power and telecom infrastructure, wires and cables as well as related industries have been developed.

Market drivers of the UAE’s copper scrap

Construction growth and the development of power infrastructure will boost demand for copper and alloy RBS, which are major scrap consumers. Moreover, scrap is a secondary source following mine production in global markets. It should be noted that global demand for copper is outpacing mine supply, widening the gap between supply and demand, which can be filled with scrap. Thus, many are forecasting stronger global demand for copper scrap.

With the growing importance of preserving mine resources and the changing attitude towards environmental conservation, secondary sources will gain momentum. As a result, recycling will become increasingly important, pushing collection rates higher and supporting demand for scrap. Natural resources and environmental protection are in the spotlight in the UAE; this will boost the effectiveness of the environmental factor.

Currently, due to the high copper prices, the consumption of copper in some applications has been replaced with other metals such as aluminum and zamak. With forecasts of higher copper prices in the future, the trend is expected to continue; this will dampen demand growth for copper and scrap.

Overview of the UAE’s copper scrap market

Copper RBS producers in the UAE are the major consumers of copper scrap, most of which also produce billets in an integrated process. The UAE is a major trade corridor in the region; it has reported significant exports of copper scrap over the past years. The country is one of the largest net exporters in the region, but exports have declined over the recent years due to stronger domestic demand. With forecasts of slower growth rates for RBS production over the coming years, net exports are expected to increase gradually.

Breakdown of the UAE’s copper scrap market

The UAE’s copper scrap supply is broken down into old and new scrap. Demand is also analyzed based on three factors. In the first breakdown, copper scrap is categorized according to composition: non-alloy, brass, and alloy (excluding brass); past and future trends for each category have been analyzed. The second factor breaks down the market into cathode scrap, bare bright scrap, telecom scrap, heavy scrap, winding wire scrap, and radiator tube scrap. Finally, the third factor makes a distinction based on the type of consumers, including producers of cathode (to produce anode), unwrought products, wire rod, tubes, and casting parts. Unwrought producers hold the largest share in scrap consumption.

Key players in the UAE’s copper scrap market

  • PGI Group
  • Lucky Group

Additional Information

Industry

Copper Scrap
Region

United Arab Emirates
Report Type

Industry Report

Specifications

Report Attribute Details
The base year for estimation 2021
Historical data 2011-2020
Forecast period 2021-2026
Quantitative units Value in USD and Volume in Tonne
Report coverage Market Overview, Dynamics, Market Outlook, Risks to Forecast, Consumer Market, Industry Overview, Market Landscape, Competitive Landscape, Market Attractiveness, External Macro Environment Analysis
Segments covered Composition, Type, Application
Pricing and purchase options Please explore our purchase options to meet your exact research needs.

Reasons to Buy

  • Recognize the geographical distribution of import demand
  • Identify the current and future key players of the trading market
  • Achieve a better insight on potential target markets
  • Understand the behavior of major suppliers/customers either globally or regionally
  • Identify competitors as a feed for market analysis

Table of Content

  1. Executive summary
  2. Introduction
    • Objective
    • Market under study
    • Supply Market
      • Specifications
      • Consumption structure
        • Applications
        • Physical properties
      • Subjects discussed
      • Geographical scope under study
      • Study timeframe
      • Study currency
      • Potential audience
  1. Market dynamics
    • Market drivers
    • Restraints
    • Opportunities
    • Challenges
  2. Market overview
    • Market size
    • Supply
      • Supply trends
      • Efficiency rates
    • Consumption
      • Consumption trend
      • Consumption Share of domestic product
    • Trade
      • Exports
      • Imports
      • Trade balance
      • Market balance
    • Market breakdown by application
    • Inventory
      • Supplier inventory
      • Consumers inventory
  1. Market outlook
    • Market factors
      • Costs and prices
      • Competition
      • The government
      • Other factors
    • Future scenarios
    • Risks to forecast
  2. Consumer markets
    • Direct consumer markets
      • Capacity of Consumer Market
      • Consumer Market Operation
      • Trade of Consumer Market Products
      • Consumer Market Factors
      • Forecast of Consumer Market
  1. Export potentials
    • Destinations
      • Trade and insurance costs
      • Import market suppliers
      • Producers potential share
  1. Available EOL Scrap
  2. Market landscape
    • Domestic sales markets
      • Pricing in the domestic market
      • Potential domestic demand
      • Trade agreements for imports
      • Foreign suppliers
    • Foreign sales market
      • Prices
      • Potential markets overview
      • Trade agreements for exports
      • Foreign customers
  1. Competitive landscape
    • Consumers
      • Company profile
      • Revenue structure
      • Gross profit margins
      • Capacity, Supply and sales
  1. Market attractiveness
    • Industry rivalry
    • Threat of new entrants
    • Threat of substitutes
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Conclusion of Porter analysis
  2. PESTEL analysis
    • Political factors
    • Economic factors
    • Social factors
    • Technology factors
    • Environmental factors
    • Legal factors
  3. SWOT analysis
    • Short-term strategies
    • Long-term strategies

List of Figures

  1. Supply and consumption; 2011-2021
  2. Market share of product applications; 2021
  3. Market surplus; 2021-2026
  4. Process flowchart
  5. Market size; 2011-2026
  6. Amount of supply; 2011-2026
  7. Efficiency rate; 2011-2026
  8. Amount of consumption; 2011-2026
  9. Consumption share of domestic product; 2011-2026
  10. Exports of product; 2011-2021
  11. Imports of product; 2011-2021
  12. Historical trade balance; 2011-2021
  13. Future Market balance; 2021-2026
  14. Market consumption breakdown by application; 2011-2026
  15. Inventories of suppliers; 2011-2021
  16. Consumers’ inventory of product; 2011-2021
  17. Production forecast, according to supply and sales analysis; 2021-2026
  18. Market surplus; 2021-2026
  19. The share of end-user industries in the consumption; 2011 and 2021
  20. Changes in the end-consumption of products; 2021 vs 2026
  21. Capacity distribution structure of direct consumers; 2021
  22. Existing capacities of direct consumers in each province; 2021
  23. Suppliers of the export potential destination; 2021
  24. Historical exports to the export potential destination and future potential; 2016-2026
  25. Sales channels
  26. Realized price of the product in the market; 2011-2026
  27. Potential demand of each province; 2021
  28. The main foreign suppliers to the market; 2011-2021
  29. FOB price vs domestic market; 2011-2026
  30. Map of global major importers > 20,000t; 2021
  31. Major foreign customers; 2011-2021
  32. Revenue structure of the consumers; FY2021
  33. Sales income and gross profit margin of the consumers; FY2011-2021
  34. Supply and sales of the consumers; FY2011-2021
  35. SWOT matrix
  36. Strategies positioning

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