Price for Winding Wire of Copper in Italy - 2023
Contents:
- Price for Winding Wire of Copper in Italy (FOB) - 2023
- Price for Winding Wire of Copper in Italy (CIF) - 2023
- Exports of Winding Wire of Copper in Italy
- Imports of Winding Wire of Copper in Italy
Price for Winding Wire of Copper in Italy (FOB) - 2023
The average winding wire of copper export price stood at $11,839 per ton in June 2023, increasing by 1.8% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 4.1% against the previous month. Over the period under review, the average export prices reached the peak figure at $12,082 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Poland ($13,681 per ton), while the average price for exports to Libya ($8,990 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 Libya (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Italy (CIF) - 2023
The average winding wire of copper import price stood at $8,655 per ton in June 2023, with a decrease of -13.9% against the previous month. Overall, import price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, winding wire of copper import price decreased by -13.9% against May 2023 indices. The pace of growth appeared the most rapid in July 2022 an increase of 72% m-o-m. Over the period under review, average import prices attained the peak figure at $10,047 per ton in May 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($11,851 per ton), while the price for Sweden ($5,249 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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Italy
In 2022, the amount of winding wire of coppers exported from Italy reduced to 45K tons, with a decrease of -13.8% compared with 2021. In general, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 52K tons, and then contracted in the following year.
In value terms, winding wire of copper exports dropped markedly to $498M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. As a result, the exports attained the peak of $602M, and then declined rapidly in the following year.
| Export of Winding Wire of Copper in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 90.8 | 76.6 | 125 | 106 | 5.3% |
| Slovenia | 40.9 | 34.4 | 55.8 | 56.3 | 11.2% |
| Slovakia | 26.8 | 20.5 | 50.0 | 40.8 | 15.0% |
| Poland | 28.7 | 27.2 | 37.7 | 34.0 | 5.8% |
| Turkey | 9.0 | 17.8 | 19.5 | 30.3 | 49.9% |
| Romania | 24.3 | 30.7 | 39.5 | 26.0 | 2.3% |
| France | 40.1 | 35.1 | 48.4 | 24.7 | -14.9% |
| Croatia | 10.5 | 11.2 | 23.2 | 20.2 | 24.4% |
| Czech Republic | 17.2 | 14.5 | 23.6 | 20.0 | 5.2% |
| Hungary | 15.4 | 15.8 | 24.0 | 19.0 | 7.3% |
| Portugal | 19.3 | 14.0 | 21.6 | 18.9 | -0.7% |
| Spain | 12.1 | 10.1 | 17.5 | 14.1 | 5.2% |
| Others | 94.7 | 77.7 | 115 | 87.7 | -2.5% |
| Total | 430 | 385 | 602 | 498 | 5.0% |
Top Export Markets for Winding Wire of Copper from Italy in 2022:
- Germany (10.6K tons)
- Slovenia (5.5K tons)
- Slovakia (4.0K tons)
- Turkey (2.6K tons)
- Poland (2.6K tons)
- Romania (2.4K tons)
- France (2.4K tons)
- Croatia (1.9K tons)
- Hungary (1.9K tons)
- Czech Republic (1.8K tons)
- Portugal (1.5K tons)
- Spain (1.2K tons)
Imports of Winding Wire of Copper in Italy
In 2022, the amount of winding wire of coppers imported into Italy contracted to 30K tons, with a decrease of -8.3% compared with the previous year. Overall, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports reached the peak of 33K tons, and then shrank in the following year.
In value terms, winding wire of copper imports reduced to $284M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 93% against the previous year. As a result, imports reached the peak of $328M, and then dropped in the following year.
| Import of Winding Wire of Copper in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 56.8 | 41.3 | 78.5 | 58.5 | 1.0% |
| Germany | 38.6 | 23.6 | 48.1 | 43.0 | 3.7% |
| Serbia | 18.6 | 23.6 | 46.3 | 42.6 | 31.8% |
| Slovakia | 13.6 | 10.3 | 27.3 | 26.9 | 25.5% |
| Sweden | 12.6 | 7.8 | 18.8 | 21.0 | 18.6% |
| China | 10.9 | 11.1 | 18.5 | 17.2 | 16.4% |
| Tunisia | 19.5 | 19.8 | 30.0 | 12.2 | -14.5% |
| Turkey | 4.6 | 4.1 | 9.9 | 10.8 | 32.9% |
| Austria | 1.6 | 1.5 | 5.6 | 10.5 | 87.2% |
| India | 2.4 | 1.8 | 4.5 | 9.1 | 55.9% |
| France | 3.9 | 3.5 | 4.9 | 7.5 | 24.4% |
| Greece | 4.3 | 3.2 | 4.8 | 4.3 | 0.0% |
| Others | 23.9 | 18.5 | 31.3 | 20.1 | -5.6% |
| Total | 211 | 170 | 328 | 284 | 10.4% |
Top Suppliers of Winding Wire of Copper to Italy in 2022:
- Spain (7.3K tons)
- Serbia (4.2K tons)
- Sweden (4.2K tons)
- Germany (4.0K tons)
- Slovakia (3.0K tons)
- China (1.5K tons)
- Austria (1.3K tons)
- Turkey (1.0K tons)
- India (0.8K tons)
- Tunisia (0.7K tons)
- France (0.7K tons)
- Greece (0.5K tons)
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