Report Update: May 1, 2024

Serbia - Copper Stranded Wire, Cables And Plaited Bands - Market Analysis, Forecast, Size, Trends And Insights

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Copper Stranded Wire Price in Serbia - 2024

Copper Stranded Wire Price in Serbia (CIF) - 2024

In January 2024, the average copper stranded wire import price amounted to $10,104 per ton, stabilizing at the previous month. In general, the import price saw a abrupt slump. The pace of growth was the most pronounced in July 2023 when the average import price increased by 124% m-o-m. The import price peaked at $30,985 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Romania ($9,795 per ton), while the price for Turkey amounted to $9,560 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Romania (+1.0%), while the prices for the other major suppliers experienced a decline.

Copper Stranded Wire Price in Serbia (FOB) - 2024

In January 2024, the average copper stranded wire export price amounted to $9,290 per ton, which is down by -17.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 19% month-to-month. As a result, the export price reached the peak level of $12,030 per ton. From April 2023 to January 2024, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was North Macedonia ($9,531 per ton), while the average price for exports to Romania totaled $9,219 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (0.0%), while the prices for the other major destinations experienced a decline.

Copper Stranded Wire Imports in Serbia

In 2022, after two years of decline, there was significant growth in supplies from abroad of copper stranded wire, cables and plaited bands, when their volume increased by 14% to 346 tons. Overall, imports, however, saw a deep contraction.

In value terms, copper stranded wire imports totaled $3.7M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Copper Stranded Wire in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	134	1,038	1,724	2,423	162.5%
Germany	590	72.8	1,247	533	-3.3%
Bosnia and Herzegovina	25.0	1.7	0.3	275	122.4%
Belgium	5.2	2.0	2.1	165	216.6%
Italy	137	98.8	134	144	1.7%
Romania	2,049	1,306	6.8	8.3	-84.1%
China	119	11.8	116	7.6	-60.0%
Others	105	225	245	191	22.1%
Total	3,164	2,756	3,476	3,747	5.8%

Top Suppliers of Copper Stranded Wire to Serbia in 2022:

Turkey (249.7 tons)
Germany (39.9 tons)
Bosnia and Herzegovina (24.2 tons)
Belgium (12.9 tons)
Italy (8.6 tons)
Romania (0.9 tons)
China (0.6 tons)

Copper Stranded Wire Exports in Serbia

In 2022, the amount of copper stranded wire, cables and plaited bands exported from Serbia soared to 185 tons, growing by 28% against the previous year's figure. Overall, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper stranded wire exports skyrocketed to $1.9M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 50%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Copper Stranded Wire in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	351	296	161	620	20.9%
Romania	N/A	N/A	40.8	389	853.4%
Bulgaria	N/A	N/A	339	303	-10.6%
North Macedonia	8.8	110	222	233	198.1%
Croatia	389	188	570	194	-20.7%
Montenegro	25.6	163	66.4	79.0	45.6%
Slovenia	226	N/A	3.8	6.1	-70.0%
Bosnia and Herzegovina	214	202	11.3	5.3	-70.9%
Others	0.7	11.5	38.5	38.8	281.3%
Total	1,216	970	1,453	1,868	15.4%

Top Export Markets for Copper Stranded Wire from Serbia in 2022:

Greece (61.7 tons)
Romania (41.4 tons)
Bulgaria (30.5 tons)
North Macedonia (25.5 tons)
Croatia (17.1 tons)
Montenegro (6.7 tons)
Slovenia (0.6 tons)
Bosnia and Herzegovina (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper stranded wire market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023