Copper Wire Price in Japan - 2023
Contents:
- Copper Wire Price in Japan (FOB) - 2022
- Copper Wire Price in Japan (CIF) - 2023
- Copper Wire Exports in Japan
- Copper Wire Imports in Japan
Copper Wire Price in Japan (FOB) - 2022
In 2022, the average copper wire export price amounted to $13,743 per ton, shrinking by -2.2% against the previous year. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked at $15,701 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($40,339 per ton), while the average price for exports to India ($9,690 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 the Philippines (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Japan (CIF) - 2023
In September 2023, the average copper wire import price amounted to $10,859 per ton, increasing by 6.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 9.6% against the previous month. Over the period under review, average import prices reached the maximum at $12,662 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($14,598 per ton), while the price for Brazil ($8,160 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 Thailand (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Japan
Copper wire exports from Japan reduced to 32K tons in 2022, dropping by -6.1% against the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of 34K tons, and then fell in the following year.
In value terms, copper wire exports declined to $444M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of $484M, and then dropped in the following year.
| Export of Copper Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 57.8 | 79.7 | 96.0 | 94.8 | 17.9% |
| China | 64.4 | 62.1 | 87.1 | 80.2 | 7.6% |
| Thailand | 48.8 | 45.1 | 87.6 | 69.1 | 12.3% |
| Philippines | 57.2 | 36.7 | 47.6 | 49.4 | -4.8% |
| United States | 33.9 | 24.7 | 35.9 | 39.9 | 5.6% |
| Vietnam | 19.0 | 22.5 | 34.5 | 31.9 | 18.9% |
| Taiwan (Chinese) | 16.7 | 19.8 | 23.7 | 13.8 | -6.2% |
| Malaysia | 9.0 | 7.7 | 11.9 | 10.9 | 6.6% |
| Others | 31.0 | 32.4 | 59.7 | 54.5 | 20.7% |
| Total | 338 | 331 | 484 | 444 | 9.5% |
Top Export Markets for Copper Wire from Japan in 2022:
- India (9.8K tons)
- Thailand (6.4K tons)
- China (5.0K tons)
- United States (2.9K tons)
- Vietnam (2.3K tons)
- Philippines (1.2K tons)
- Taiwan (Chinese) (0.8K tons)
- Malaysia (0.7K tons)
Copper Wire Imports in Japan
In 2022, copper wire imports into Japan was estimated at 14K tons, therefore, remained relatively stable against 2021. Over the period under review, imports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year.
In value terms, copper wire imports stood at $168M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 20.0 | 22.7 | 38.9 | 46.2 | 32.2% |
| China | 27.1 | 25.9 | 53.8 | 43.4 | 17.0% |
| Thailand | 50.7 | 24.1 | 33.1 | 35.0 | -11.6% |
| Sweden | 0.1 | N/A | 1.1 | 8.1 | 332.7% |
| Taiwan (Chinese) | 7.5 | 5.5 | 7.7 | 7.4 | -0.4% |
| Vietnam | 2.7 | 2.2 | 3.2 | 6.0 | 30.5% |
| South Korea | 4.7 | 5.6 | 6.7 | 4.5 | -1.4% |
| Brazil | N/A | 0.1 | 1.4 | 3.8 | 516.4% |
| Others | 14.9 | 13.7 | 15.0 | 14.0 | -2.1% |
| Total | 128 | 99.9 | 161 | 168 | 9.5% |
Top Suppliers of Copper Wire to Japan in 2022:
- China (3.8K tons)
- Malaysia (3.4K tons)
- Thailand (3.4K tons)
- Sweden (0.8K tons)
- Brazil (0.5K tons)
- Taiwan (Chinese) (0.5K tons)
- Vietnam (0.5K tons)
- South Korea (0.4K tons)
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