Copper Wire Price in Bulgaria - 2023
Contents:
- Copper Wire Price in Bulgaria (CIF) - 2023
- Copper Wire Price in Bulgaria (FOB) - 2023
- Copper Wire Imports in Bulgaria
- Copper Wire Exports in Bulgaria
Copper Wire Price in Bulgaria (CIF) - 2023
The average copper wire import price stood at $9,246 per ton in August 2023, dropping by -2.8% against the previous month. Overall, the import price, however, recorded a modest expansion. The pace of growth appeared the most rapid in January 2023 an increase of 7.9% against the previous month. The import price peaked at $9,972 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Italy ($11,560 per ton) and North Macedonia ($9,301 per ton), while the price for Angola ($8,368 per ton) and Turkey ($9,278 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in Bulgaria (FOB) - 2023
In August 2023, the average copper wire export price amounted to $9,664 per ton, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 6.6% month-to-month. Over the period under review, the average export prices reached the peak figure at $10,312 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the countries with the highest prices were the Czech Republic ($9,769 per ton) and Romania ($9,723 per ton), while the average price for exports to Turkey ($9,494 per ton) and North Macedonia ($9,615 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in overseas purchases of copper wires, which increased by 26% to 21K tons in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 92%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, copper wire imports skyrocketed to $210M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 96%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Wire in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 49.0 | 90.1 | 141 | 202 | 60.3% |
| Romania | N/A | 6.5 | 10.2 | 1.3 | -55.3% |
| Others | 1.8 | 3.2 | 9.3 | 5.9 | 48.5% |
| Total | 50.8 | 99.8 | 161 | 210 | 60.5% |
Top Suppliers of Copper Wire to Bulgaria in 2022:
- Turkey (20.4K tons)
- Romania (0.1K tons)
Copper Wire Exports in Bulgaria
In 2022, the amount of copper wires exported from Bulgaria surged to 4.8K tons, picking up by 153% on 2021. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, copper wire exports skyrocketed to $49M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper Wire in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.5 | N/A | 1.8 | 17.2 | 125.5% |
| Romania | 0.7 | 1.9 | 8.0 | 14.1 | 172.1% |
| Italy | 6.7 | 8.3 | 5.5 | 9.1 | 10.7% |
| North Macedonia | 0.9 | 0.7 | 2.3 | 7.0 | 98.1% |
| United Kingdom | 1.1 | 1.3 | 0.5 | 0.5 | -23.1% |
| Others | 0.9 | 1.1 | 1.0 | 0.6 | -12.6% |
| Total | 11.7 | 13.3 | 19.1 | 48.6 | 60.7% |
Top Export Markets for Copper Wire from Bulgaria in 2022:
- Turkey (1751.3 tons)
- Romania (1372.6 tons)
- Italy (894.6 tons)
- North Macedonia (703.5 tons)
- United Kingdom (45.9 tons)
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