Price for Winding Wire of Copper in China - 2023
Contents:
- Price for Winding Wire of Copper in China (FOB) - 2023
- Price for Winding Wire of Copper in China (CIF) - 2023
- Exports of Winding Wire of Copper in China
- Imports of Winding Wire of Copper in China
Price for Winding Wire of Copper in China (FOB) - 2023
In June 2023, the average winding wire of copper export price amounted to $10,817 per ton, picking up by 4.3% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 9.8% month-to-month. The export price peaked at $11,884 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($13,871 per ton), while the average price for exports to the United Arab Emirates ($4,021 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Winding Wire of Copper in China (CIF) - 2023
In June 2023, the average winding wire of copper import price amounted to $19,265 per ton, remaining constant against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 8.3% month-to-month. The import price peaked at $19,440 per ton in May 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($40,519 per ton), while the price for South Korea ($8,716 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in China
Winding wire of copper exports from China totaled 75K tons in 2022, stabilizing at 2021. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, winding wire of copper exports rose markedly to $847M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Winding Wire of Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 90.4 | 123 | 169 | 165 | 22.2% |
| Japan | 45.0 | 49.4 | 98.7 | 153 | 50.4% |
| Thailand | 52.0 | 58.7 | 99.1 | 106 | 26.8% |
| Philippines | 27.9 | 30.7 | 50.4 | 57.7 | 27.4% |
| Indonesia | 45.0 | 26.1 | 34.5 | 33.8 | -9.1% |
| United States | 8.7 | 10.8 | 16.4 | 30.5 | 51.9% |
| Malaysia | 14.0 | 10.8 | 16.2 | 28.6 | 26.9% |
| Italy | 10.5 | 10.9 | 16.5 | 15.8 | 14.6% |
| Myanmar | 5.2 | 11.5 | 5.2 | 14.6 | 41.1% |
| Hong Kong SAR | 65.8 | N/A | N/A | N/A | 0% |
| Others | 151 | 178 | 274 | 242 | 17.0% |
| Total | 515 | 509 | 780 | 847 | 18.0% |
Top Export Markets for Winding Wire of Copper from China in 2022:
- Vietnam (14.5K tons)
- Japan (11.1K tons)
- Thailand (9.7K tons)
- Philippines (6.9K tons)
- Indonesia (3.2K tons)
- Malaysia (2.7K tons)
- Myanmar (2.0K tons)
- United States (1.9K tons)
- Italy (1.4K tons)
Imports of Winding Wire of Copper in China
In 2022, overseas purchases of winding wire of coppers decreased by -17.5% to 19K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, imports attained the peak of 23K tons, and then shrank markedly in the following year.
In value terms, winding wire of copper imports declined rapidly to $351M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $413M, and then fell sharply in the following year.
| Import of Winding Wire of Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 80.8 | 72.2 | 89.2 | 80.0 | -0.3% |
| United States | 34.9 | 26.7 | 41.5 | 38.8 | 3.6% |
| Germany | 13.6 | 14.4 | 34.3 | 36.0 | 38.3% |
| South Korea | 33.8 | 29.3 | 32.2 | 31.0 | -2.8% |
| Malaysia | 29.6 | 25.3 | 39.7 | 30.0 | 0.4% |
| Thailand | 16.8 | 15.7 | 29.7 | 27.7 | 18.1% |
| France | 2.5 | 2.9 | 4.5 | 7.6 | 44.9% |
| Italy | 8.7 | 0.7 | 1.1 | 0.8 | -54.9% |
| Taiwan (Chinese) | 62.2 | N/A | N/A | N/A | 0% |
| Others | 26.7 | 117 | 141 | 99.2 | 54.9% |
| Total | 310 | 305 | 413 | 351 | 4.2% |
Top Suppliers of Winding Wire of Copper to China in 2022:
- Italy (undefinedK tons)
- Japan (3.4K tons)
- South Korea (3.4K tons)
- Thailand (2.2K tons)
- Malaysia (1.6K tons)
- Germany (1.6K tons)
- United States (1.1K tons)
- France (0.6K tons)
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