Copper Wire Price in Indonesia - 2022
Contents:
- Copper Wire Price in Indonesia (FOB) - 2022
- Copper Wire Price in Indonesia (CIF) - 2022
- Copper Wire Exports in Indonesia
- Copper Wire Imports in Indonesia
Copper Wire Price in Indonesia (FOB) - 2022
The average copper wire export price stood at $10,098 per ton in March 2022, flattening at the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in May 2021 when the average export price increased by 6.5% m-o-m. The export price peaked in March 2022.
Average prices varied noticeably for the major overseas markets. In March 2022, the highest price was recorded for prices to the Philippines ($10,417 per ton) and Thailand ($10,366 per ton), while the average price for exports to Bangladesh ($8,962 per ton) and Singapore ($9,816 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Indonesia (CIF) - 2022
The average copper wire import price stood at $7,096 per ton in March 2022, picking up by 27% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $9,542 per ton in June 2021; however, from July 2021 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($14,578 per ton), while the price for China ($2,432 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Indonesia
In 2022, approx. 98K tons of copper wires were exported from Indonesia; surging by 33% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +84.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, copper wire exports skyrocketed to $959M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Copper Wire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 154 | 177 | 281 | 359 | 32.6% |
| Thailand | 28.3 | 19.7 | 112 | 213 | 96.0% |
| Malaysia | 61.8 | 46.2 | 96.9 | 148 | 33.8% |
| Vietnam | 4.1 | 37.4 | 120 | 137 | 222.1% |
| Bangladesh | 12.4 | 7.7 | 13.5 | 18.5 | 14.3% |
| Australia | 7.2 | 5.4 | 8.0 | 18.0 | 35.7% |
| Philippines | 15.0 | 17.0 | 27.8 | 15.9 | 2.0% |
| India | 90.8 | 15.3 | 13.1 | 14.7 | -45.5% |
| Others | 21.2 | 12.3 | 18.5 | 34.8 | 18.0% |
| Total | 394 | 338 | 691 | 959 | 34.5% |
Top Export Markets for Copper Wire from Indonesia in 2022:
- China (36.4K tons)
- Thailand (21.8K tons)
- Malaysia (14.7K tons)
- Vietnam (12.5K tons)
- Bangladesh (2.4K tons)
- India (2.3K tons)
- Australia (2.1K tons)
- Philippines (1.5K tons)
Copper Wire Imports in Indonesia
Copper wire imports into Indonesia soared to 38K tons in 2022, jumping by 74% against the previous year. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, copper wire imports skyrocketed to $229M in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 86%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Copper Wire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.4 | 18.9 | 57.3 | 75.3 | 157.7% |
| Thailand | 15.7 | 18.2 | 29.6 | 39.5 | 36.0% |
| Singapore | 4.8 | 7.4 | 18.6 | 31.6 | 87.4% |
| South Korea | 16.8 | 9.7 | 16.3 | 23.4 | 11.7% |
| China | 18.8 | 12.7 | 12.5 | 23.1 | 7.1% |
| Taiwan (Chinese) | 2.8 | 2.6 | 5.7 | 11.5 | 60.1% |
| United Arab Emirates | 3.8 | 8.0 | 7.4 | 8.9 | 32.8% |
| Others | 9.4 | 8.1 | 11.6 | 16.0 | 19.4% |
| Total | 76.3 | 85.4 | 159 | 229 | 44.2% |
Top Suppliers of Copper Wire to Indonesia in 2022:
- Singapore (15.1K tons)
- Malaysia (7.4K tons)
- China (4.3K tons)
- Thailand (4.1K tons)
- South Korea (2.4K tons)
- Taiwan (Chinese) (1.6K tons)
- United Arab Emirates (1.2K tons)
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