Copper Wire Price in China - 2023
Contents:
- Copper Wire Price in China (CIF) - 2023
- Copper Wire Price in China (FOB) - 2023
- Copper Wire Imports in China
- Copper Wire Exports in China
Copper Wire Price in China (CIF) - 2023
In September 2023, the average copper wire import price amounted to $9,653 per ton, approximately mirroring the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 7.6% m-o-m. Over the period under review, average import prices hit record highs at $10,125 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($18,543 per ton), while the price for Vietnam ($8,051 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in China (FOB) - 2023
The average copper wire export price stood at $9,111 per ton in September 2023, approximately equating the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 6.4% against the previous month. The export price peaked at $9,903 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were India ($10,942 per ton) and Thailand ($10,251 per ton), while the average price for exports to Pakistan ($8,580 per ton) and the Philippines ($8,655 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in China
In 2022, supplies from abroad of copper wires decreased by -11.5% to 99K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 8.9% against the previous year.
In value terms, copper wire imports fell to $1B in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +40.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of $1.1B, and then fell in the following year.
| Import of Copper Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 29.0 | 46.7 | 83.7 | 202 | 91.0% |
| Vietnam | 49.5 | 76.6 | 142 | 152 | 45.3% |
| South Korea | 120 | 126 | 133 | 126 | 1.6% |
| Japan | 53.4 | 54.0 | 86.8 | 120 | 31.0% |
| Thailand | 12.7 | 32.3 | 50.8 | 55.1 | 63.1% |
| Indonesia | 167 | 187 | 296 | 33.1 | -41.7% |
| Philippines | 8.7 | 9.5 | 18.6 | 22.4 | 37.1% |
| Taiwan (Chinese) | 218 | N/A | N/A | N/A | 0% |
| Others | 58.9 | 252 | 316 | 295 | 71.1% |
| Total | 717 | 785 | 1,127 | 1,006 | 12.0% |
Top Suppliers of Copper Wire to China in 2022:
- Malaysia (22.9K tons)
- Vietnam (18.1K tons)
- South Korea (14.0K tons)
- Japan (6.5K tons)
- Thailand (5.6K tons)
- Indonesia (3.6K tons)
- Philippines (2.4K tons)
Copper Wire Exports in China
Copper wire exports from China stood at 77K tons in 2022, approximately reflecting 2021. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, copper wire exports stood at $758M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 64%. 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 Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 58.0 | 58.0 | 127 | 159 | 40.0% |
| Vietnam | 51.9 | 97.7 | 159 | 144 | 40.5% |
| Thailand | 23.0 | 55.8 | 132 | 117 | 72.0% |
| India | 16.1 | 10.6 | 23.4 | 43.5 | 39.3% |
| Malaysia | 12.2 | 26.5 | 55.1 | 41.4 | 50.3% |
| Japan | 21.5 | 18.9 | 37.5 | 34.1 | 16.6% |
| Germany | 22.0 | 14.6 | 36.2 | 33.6 | 15.2% |
| South Korea | 19.6 | 15.9 | 22.4 | 26.3 | 10.3% |
| Cambodia | 4.1 | 5.3 | 14.1 | 14.7 | 53.1% |
| New Zealand | 10.4 | 10.4 | 9.3 | 8.3 | -7.2% |
| Indonesia | 15.6 | 8.5 | 5.6 | 7.3 | -22.4% |
| Australia | 51.7 | 68.6 | 13.6 | 1.5 | -69.3% |
| Others | 74.0 | 62.1 | 107 | 127 | 19.7% |
| Total | 380 | 453 | 743 | 758 | 25.9% |
Top Export Markets for Copper Wire from China in 2022:
- Philippines (17.7K tons)
- Vietnam (14.7K tons)
- Thailand (11.8K tons)
- Malaysia (4.4K tons)
- India (3.6K tons)
- Germany (3.5K tons)
- Japan (3.0K tons)
- South Korea (2.4K tons)
- Cambodia (1.5K tons)
- New Zealand (0.9K tons)
- Indonesia (0.7K tons)
- Australia (0.1K tons)
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