Copper Wire Price in Austria - 2023
Contents:
- Copper Wire Price in Austria (CIF) - 2023
- Copper Wire Price in Austria (FOB) - 2023
- Copper Wire Imports in Austria
- Copper Wire Exports in Austria
Copper Wire Price in Austria (CIF) - 2023
The average copper wire import price stood at $8,001 per ton in August 2023, surging by 10% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 13% against the previous month. As a result, import price reached the peak level of $8,447 per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,728 per ton), while the price for Sweden ($6,016 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in Austria (FOB) - 2023
In August 2023, the average copper wire export price amounted to $14,511 per ton, jumping by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in February 2023 an increase of 18% month-to-month. The export price peaked at $14,845 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($29,074 per ton), while the average price for exports to Mexico ($7,259 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in Austria
Copper wire imports into Austria dropped to 56K tons in 2022, falling by -1.9% on the previous year's figure. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4% against the previous year.
In value terms, copper wire imports rose slightly to $501M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +49.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Copper Wire in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 234 | 241 | 283 | 305 | 9.2% |
| Poland | 37.3 | 26.6 | 94.4 | 71.9 | 24.5% |
| Sweden | 24.3 | 25.0 | 51.1 | 53.7 | 30.3% |
| Turkey | 9.6 | 9.9 | 17.2 | 27.9 | 42.7% |
| Italy | 12.8 | 15.9 | 23.5 | 18.4 | 12.9% |
| Bosnia and Herzegovina | N/A | N/A | 2.0 | 9.3 | 365.0% |
| France | 6.2 | 3.0 | 14.6 | 6.4 | 1.1% |
| Belgium | 18.9 | 9.4 | 0.5 | 0.4 | -72.3% |
| Others | 5.8 | 3.5 | 6.5 | 7.9 | 10.8% |
| Total | 349 | 334 | 493 | 501 | 12.8% |
Top Suppliers of Copper Wire to Austria in 2022:
- Belgium (undefinedK tons)
- Germany (35.1K tons)
- Poland (7.4K tons)
- Sweden (6.6K tons)
- Turkey (2.5K tons)
- Italy (2.0K tons)
- Bosnia and Herzegovina (0.9K tons)
- France (0.6K tons)
Copper Wire Exports in Austria
Copper wire exports from Austria reduced sharply to 4.1K tons in 2022, dropping by -20.3% compared with the previous year. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
In value terms, copper wire exports declined slightly to $55M in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 24%.
| Export of Copper Wire in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.4 | 14.9 | 18.1 | 29.1 | 9.1% |
| Bosnia and Herzegovina | 3.3 | 3.6 | 4.2 | 10.6 | 47.5% |
| Mexico | 0.5 | 0.3 | 1.8 | 3.6 | 93.1% |
| Turkey | 1.7 | 2.5 | 1.3 | 2.3 | 10.6% |
| Italy | 1.8 | 1.7 | 1.5 | 1.0 | -17.8% |
| Netherlands | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Russia | 4.9 | 4.2 | 3.4 | 0.1 | -72.7% |
| Moldova | 23.1 | 11.4 | 15.9 | N/A | -17.0% |
| Others | 9.6 | 6.3 | 9.3 | 7.8 | -6.7% |
| Total | 67.4 | 45.1 | 55.8 | 55.0 | -6.6% |
Top Export Markets for Copper Wire from Austria in 2022:
- Germany (1965.0 tons)
- Bosnia and Herzegovina (1071.2 tons)
- Mexico (362.3 tons)
- Turkey (112.5 tons)
- Netherlands (103.4 tons)
- Italy (43.1 tons)
- Russia (5.4 tons)
- Moldova (2.5 tons)
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