Electrical wire and cable prices have followed steel prices in rising, after steel products rose to 48.65% and cables to 49.73% within a year, comparable to the increases in steel prices, which rose to 54.12%, warning of a rise in construction costs of more than 50% with the implementation of new requirements for construction, including mandatory insurance, Saudi building code and linking building permits with engineering offices.
New building requirements were implemented, including the activation of mandatory insurance, Saudi building code, and linking building licenses to engineering offices.
Electrical wiring
Recent data showed that prices of electrical wiring products recorded high annual increases between June 2020 and June 2021, after continuing to record monthly increases throughout last year, resulting in a significant annual increase.
Electrical wiring products recorded high annual increases between June 2020 and June 2021.
The overall average meter of electrical wire saw a rise of 47.73%, after the average prices rose from 1.17 riyals to 1.73 riyals, as products varied between 46.75 and 48.65%. 5.2mm electrical wires recorded the highest rise, after rising from 0.74 fils to 1.10 riyals, followed by 4mm electrical wires, which rose 48.62% from 1.09 riyals to 1.62, while 6mm electrical wires recorded a rise of 46.75%, rising from 1.69 riyals to 2.48.
While 6mm electrical wires recorded a rise of 46.75 TP3T, rising from 1.69 riyals to 2.48 riyals.
Cable Products
Cable products recorded a rise in average prices of 46.30%, after the average prices rose from 90.10 riyals to 131.82, while the increase varied between products between 21.39 and 49.73%, with Chinese iron bonding cable products recording the lowest increase of 21.39%, after rising from 49.50 riyals to 60.09.50 riyals to 60.09, while 10mm national electric cables rose 42.28%, up from 13.48 riyals to 19.18, 25mm national electric cables rose 42.52%, up from 29.14 riyals to 41.53, 35mm national electric cables 47.34% from 37.47 to 55.21, and 50mm national electric cables 45.97% from 51.99 to 75.89. National 70mm electrical cables recorded the highest height of 49.73%, rising from 74.68 to 111.82, and national 95mm electrical cables 49.65% from
101.18 to 151.42, and 120mm National 47.04% from 128.40 to 188.80. The highest priced 300mm national electric cable, which is the highest priced in the market, recorded a rise of 48.42%, rising from 325.07 riyals to 482.46.
101.18 to 151.42, and 120mm national electric cable 47.04% from 128.40 to 188.80.
