MENA Copper (Cu) Tubes Market Opportunity Assessment 2018-2025
Retrieved on:
Wednesday, October 24, 2018
Copper tubes will continue to be a major component of all cooling equipment in the long term; low threat of competition from substitute material in MENA
Key Points:
- Copper tubes will continue to be a major component of all cooling equipment in the long term; low threat of competition from substitute material in MENA
MENA has traditionally been an import dependent market; quality and price competitiveness are important criteria to be successful
LME accounts for 80% of cost component and has a direct impact on material carrying cost; copper remains the material of choice in MENA
Long term contracts exist for large OEMs; smaller producers procure 2MT MOQ
Large supplier base - differentiating factors are product quality, specifications, and brand image
Substitute Material-Aluminium Tubes Penetration to be Low, despite Copper's LME Price Fluctuations
Copper continued to be in use despite LME price fluctuations; replacement threat with aluminium is low in MENA
Oil prices adversely impacted government budgets in 2016 and 2017; 5% VAT introduction in 2018 and 2019 as part of corrective measure
Maximize opportunities from existing products and markets; systematically explore new products, markets, including Inorganic Opportunities
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