Copper Wire Price in Argentina - 2023

Contents:

1. Copper Wire Price in Argentina (CIF) - 2022
2. Copper Wire Price in Argentina (FOB) - 2022
3. Copper Wire Imports in Argentina
4. Copper Wire Exports in Argentina

Copper Wire Price in Argentina (CIF) - 2022

The average copper wire import price stood at $10,522 per ton in 2022, picking up by 9% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by +49.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($11,774 per ton), while the price for Chile ($9,748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Argentina (FOB) - 2022

The average copper wire export price stood at $6,635 per ton in 2022, with a decrease of -3.1% against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $9,343 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($12,406 per ton), while the average price for exports to Bulgaria ($752 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+3.7%), while the prices for the other major destinations experienced a decline.

Copper Wire Imports in Argentina

For the fourth year in a row, Argentina recorded growth in overseas purchases of copper wires, which increased by 34% to 41K tons in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, copper wire imports surged to $429M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Copper Wire to Argentina in 2022:

1. Chile (19.8K tons)
2. Brazil (17.7K tons)
3. Peru (2.9K tons)

Copper Wire Exports in Argentina

In 2022, approx. 48 tons of copper wires were exported from Argentina; increasing by 1.5% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1.8%.

In value terms, copper wire exports reduced slightly to $319K in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 3.5%.

Top Export Markets for Copper Wire from Argentina in 2022:

1. Uruguay (39.2 tons)
2. Bulgaria (3.3 tons)
3. Ecuador (2.3 tons)
4. Chile (1.7 tons)
5. Paraguay (1.3 tons)

Source: IndexBox Market Intelligence Platform