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Building materials prices: December/November 2012
Varying changes were reported in the average prices of building materials during December 2012 compared with November 2012, with increases ranging between 0.2% for the "Wires for small building" group and 12.0% for the "Construction labour costs" group. Price falls were also recorded between the periods compared, ranging between 0.1% for the "Tiles and marble" group and 2.3% for the "Steel" group.Construction labour costs
Average "Construction labour costs" increased by 12.0% in December compared with November 2012, reflecting rises in wages for most of the trades under this group, ranging from 7.1% to 18.8%.Power cables
The average prices of "Power cable" advanced by 1.1% in December 2012, as a result of increases in most of the items of this group.Waterproofing Products
The "Waterproofing Products" group increased by 4.6% in December compared with November 2012, as a result of increases in most of the items within this group in the range of 6.3% for "Bitumen/Oxidized Hot (115/15) primer 180 kg/S. Arabian" and 11.6% for "Bitumen/60/70/Ton".Cement
SCAD reported an increase of 1.9% in the average prices of the "Cement" group in December compared with November 2012, due to a rise of 6.7% in the price of "Sulphate resistant/Al- Etihad/U.A.E." cement.Wires
The average prices of "Wires for residential towers" and "Wires for apartments" declined by 1.5% and 0.9%, respectively, while the average price of "Wires for small building" edged up by 0.2%, reflecting increases in the prices of most items within this subgroup.Steel
The average m-o-m prices of "Steel" decreased by 2.3% in December 2012 as most items under this group recorded price falls ranging between 0.5% for "High tensile Steel/Ton/Qatar" and 8.2% for "Steel bars, 6 - 8 mm/Ton/Turkey".Pipes
The average prices of (PVC) Pipes advanced 5.3% in December compared with November 2012, as most items in this group surged by 5.3% for "PVC pipes/3 inch/6m/U.A.E." to 17.2% for "PVC pipes/1.5 inch/6m/UAE". During same period also, the average prices of (uPVC) pipes increased by 1.9%.Building materials prices: December 2012/2011
The average monthly prices of 13 groups of building materials declined in December 2012 compared with December 2011. The price falls ranged between 0.7% for "Paints" and 18.0% for "Wires for apartments" as detailed below:Wires
The average prices of "Wires" retreated in December 2012 compared with December 2011. "Wires for apartments" accounted for the largest decrease (18.0%), followed by "Wires for residential towers" and "Wires for small buildings", which retreated by 15.8% and 12.6%, respectively.Steel
The average y-o-y price of "Steel" retreated by 7.6% in December 2012, due to drops ranging between 4.5% and 19.7% in the component items of the group. The monthly y-o-y prices of steel have been on the decline since the beginning of 2012.Transport equipment
Average transport equipment rents decreased by 7.7% in December 2012 compared with December 2011.Construction labour costs
Average "Construction labour costs" increased by 17.1% y-o-y in December 2012.Glass
The average prices of the "Glass" group increased by 11.0% in December 2012 compared with December 2011. During 2012, monthly y-o-y increases in this group ranged between 2.8% in January and 18.3% in May.Cement
The average prices of "Cement" increased by 9.2% y-o-y in December 2012, as increases were recorded in most of the items of this group.Building materials prices in Q4 2012 compared with Q3 2012
Higher prices were recorded for most of the building materials groups during Q4 2012 compared with Q3 2012. Increases ranged between 0.3% for "Paints" and 11.8% for the "Glass" group.The average prices of "Concrete", "Diesel" and "Natural stone" remained stable in Q4 2012 compared with Q3 2012.
On the other hand, decreases were reported in the average prices of a number of commodity group in Q4 2012 compared with Q3 2012, led by a decline of 5.2% in the average prices of "Wires for residential towers", followed by "Waterproofing products", (down 4.8%), "Wires for apartments" (down 4.6%) and "Sanitary ware- Sink stainless steel with mixer-single" (down 4.3%).
Building materials prices for Q4 2012 compared with Q4 2011
Price increases were observed in most groups of building materials during Q4 2012 compared with Q4 2011, ranging between 0.1% for "Transport equipment rents" and 12.9% for "Glass". Other increases include a rise of 9.5% in "Sanitary ware- bathroom set without accessories", 6.3% in "Tiles and marble", 5.7% in "Cement" by and 5.4% in "Waterproofing products".Decreases ranged between 0.6% for "Roofing materials" and 19.3% for "Wires for apartments", while "Wires for Residential towers" decreased by 15.2% and "Wires for small buildings" by 12.8%.
The average price for the "Diesel" and "Natural stone" groups remained stable during Q4 2012, compared with Q4 2011.
SCAD's report monitors the prices of 21 groups of building materials
SCAD's monthly report of building materials prices report surveys the prices of 21 groups of commodities and services that represent the most important inputs used in the construction activity, including cement, aggregate, sand, wood, steel, concrete, cement blocks, etc.SCAD has published this report since 2008. The report data are collected by the Centre's field staff on a monthly basis, in line with the directives of the emirate's leadership for the development of economic sectors and support of their stability in all areas of interest to decision makers, policy planners, researchers, etc.
Percentage change in the average monthly prices of building materials for December 2012 compared with November 2012 and December 2011.
Posted by Rana Mesbah
