A deep dive look into the sectors
Copper industry is vital to enabling downstream development of other sectors (e.g., construction, automotive, renewables, aerospace) by providing critical raw materials and stimulating the manufacturing industry. Both the domestic and regional Copper markets have significant growth potential across various product segments. Today, KSA has capabilities at both ends of the Copper value chain through various mines upstream and large capacities in downstream wire and cable.
Decarbonization.
Energy Reforms.
Digitalization.
Circular Economy.
Demand from EVs, renewables and storage for Copper.
• Global Refined Copper consumption reached 24 mn metric tons in 2020 and is expected to grow by 1.6% annually over the next decade.
• KSA’s downstream product demand is projected to increase from 312 kt in 2019 to 572 kt in 2030, representing a 5.7% annual growth rate, mainly driven by infrastructure projects, the power industry, and development.
• Largest GCC market, strong localization push in Established manufacturing downstream (cables & wires).
• Global Refined Copper consumption projected to increase by ~1.6% over next decade with Middle East region growing faster at ~3.7%.
• China is by far the biggest importer of copper and articles with the majority coming form Chile and various Asian countries.
• Export market is more fragmented and geographically distributed across South America, North America, Asia, Africa and Europe.
• Infrastructure projects, power industry and developments in new industries (e.g., automotive, renewables) will drive strong demand growth for copper after years of diminishing demand.
• Copper wires and cables, having countless uses in various industries, will remain as the main product of demand.
• Slow down in construction and infrastructure projects affected overall volume of imports.
• Wires and cables are the most imported products, due to wide range of end use applications.
• Increase in exports is mainly driven by wire and cable export.
• Exports of other product categories are very insignificant, due to limited downstream manufacturing capabilities of KSA.
KSA is a net exporter of copper scrap; lacking midstream capabilities to transform scrap into higher value-add
• Constituting ~90% of copper product demand; demand for wire & cable decreased in alignment with overall demand due to slow down of construction sector and infrastructure projects.
• Wire & cable demand is expected to show strong growth in the next decade with new infrastructure projects, growing telecommunication and transportation industries.
KSA has oversupply in wire and cable but lacks manufacturing capacity in other products, particularly copper tubes.
The data and information provided through Daleel platform are for indicative purpose, the provided data and information can be assessed further and analyzed as part of the feasibility studies. In addition, following are other key sources of information that can be used for business case development.
Reliable national geological and topographic data repository for the whole kingdom of Saudi Arabia including geological and topographic maps, Mineral Occurrences Documentation System (MODS), geochemistry and geophysics data, borehole data, surface samples data and more.
For information about investment opportunities in the kingdom to both foreign and domestic investors, as well as private sector businesses please visit Invest Saudi
Through the website of the Zakat, Tax and Customs Authority, you can find the tariff rates and data for all kinds of products.
Through the website of General Authority for Statistics, you can find detailed data on Import Statistics for all kind of goods.
Through the website of General Authority for Statistics, you can find detailed data on Export Statistics for all kind of goods.
The Factories Directory is provided by the National Industrial Information Center to enable the user to inquire about factories in the Kingdom by activity, production and location, in addition to other data and information.
A unified platform to present and analyze the latest economic and social the kingdom and its regions in visually interactive ways that facilitate understanding of the Saudi economic landscape.
ZAADD is one of the services of the Nine Tenths program launched by the Human Resources Development Fund with the aim of developing small and medium-sized enterprises and making them job-producing institutions. The program also enjoys support from many data-providing entities.