Copper Wire Price in Ireland - 2023

Contents:

1. Copper Wire Price in Ireland (CIF) - 2022
2. Copper Wire Price in Ireland (FOB) - 2023
3. Copper Wire Imports in Ireland
4. Copper Wire Exports in Ireland

Copper Wire Price in Ireland (CIF) - 2022

The average copper wire import price stood at $9,427 per ton in 2022, increasing by 6% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +65.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 56% against the previous year. The import price peaked at $10,033 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($34,296 per ton), while the price for Germany ($3,435 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Price in Ireland (FOB) - 2023

In August 2023, the average copper wire export price amounted to $7,342 per ton, reducing by -4.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 146% m-o-m. Over the period under review, the average export prices hit record highs at $15,122 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +1.8% per month.

Copper Wire Imports in Ireland

Copper wire imports into Ireland declined to 3.6K tons in 2022, with a decrease of -12.5% against the previous year. Overall, imports recorded a deep slump. The smallest decline of -4.2% was in 2020.

In value terms, copper wire imports dropped to $34M in 2022. The total import value increased at an average annual rate of +1.9% 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 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $37M, and then reduced in the following year.

Top Suppliers of Copper Wire to Ireland in 2022:

1. Turkey (2019.4 tons)
2. Germany (1183.8 tons)
3. United States (148.5 tons)
4. United Kingdom (126.7 tons)
5. Vietnam (64.1 tons)
6. Spain (42.2 tons)

Copper Wire Exports in Ireland

In 2022, the amount of copper wires exported from Ireland skyrocketed to 337 tons, jumping by 124% against the year before. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 135% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, copper wire exports skyrocketed to $1.8M in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper Wire from Ireland in 2022:

1. United Kingdom (315.5 tons)
2. Turkey (20.3 tons)

Source: IndexBox Market Intelligence Platform