Copper Wire Price in Russia - 2022
Contents:
- Copper Wire Price in Russia (FOB) - 2022
- Copper Wire Price in Russia (CIF) - 2022
- Copper Wire Exports in Russia
- Copper Wire Imports in Russia
Copper Wire Price in Russia (FOB) - 2022
The average copper wire export price stood at $9,235 per ton in January 2022, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in March 2021 when the average export price increased by 7.9% m-o-m. Over the period under review, the average export prices hit record highs in January 2022.
Average prices varied noticeably for the major external markets. In January 2022, the highest price was recorded for prices to Turkey ($9,947 per ton) and Qatar ($9,872 per ton), while the average price for exports to Egypt ($8,729 per ton) and Kuwait ($8,861 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Russia (CIF) - 2022
The average copper wire import price stood at $11,804 per ton in January 2022, rising by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in August 2021 when the average import price increased by 32% against the previous month. As a result, import price reached the peak level of $12,224 per ton. From September 2021 to January 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($25,872 per ton), while the price for Vietnam ($8,934 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Russia
After three years of growth, overseas shipments of copper wires decreased by -24.5% to 168K tons in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% 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 +16.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports attained the peak of 222K tons, and then fell significantly in the following year.
In value terms, copper wire exports dropped remarkably to $1.4B in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. As a result, the exports attained the peak of $1.9B, and then declined remarkably in the following year.
| Export of Copper Wire in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 384 | 482 | 411 | 378 | -0.5% |
| Egypt | 157 | 80.1 | 225 | 254 | 17.4% |
| Greece | N/A | N/A | N/A | 214 | 0% |
| Qatar | 0.1 | N/A | 86.5 | 134 | 1002.5% |
| Saudi Arabia | N/A | N/A | 161 | 112 | -30.4% |
| China | N/A | 126 | 614 | 94.7 | -13.3% |
| Turkey | N/A | 3.2 | 53.9 | 93.2 | 439.7% |
| Belarus | 77.5 | 66.7 | 85.3 | 47.8 | -14.9% |
| Netherlands | 127 | 55.8 | 1.1 | N/A | -90.7% |
| Others | 113 | 46.2 | 308 | 75.3 | -12.7% |
| Total | 859 | 860 | 1,946 | 1,403 | 17.8% |
Top Export Markets for Copper Wire from Russia in 2022:
- Kuwait (46.8K tons)
- Egypt (32.0K tons)
- Greece (24.8K tons)
- Qatar (14.9K tons)
- Saudi Arabia (12.5K tons)
- China (11.0K tons)
- Turkey (10.3K tons)
- Belarus (5.9K tons)
Copper Wire Imports in Russia
In 2022, the amount of copper wires imported into Russia reduced to 3K tons, falling by -2.8% on the previous year's figure. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 6.1% against the previous year.
In value terms, copper wire imports reduced to $27M in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year.
| Import of Copper Wire in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 0.2 | 0.1 | 5.0 | 6.1 | 212.4% |
| Belarus | 1.3 | 1.0 | 3.2 | 4.9 | 55.6% |
| Kazakhstan | 1.2 | 1.0 | 2.8 | 4.8 | 58.7% |
| China | 4.1 | 3.7 | 6.1 | 4.4 | 2.4% |
| Malaysia | 0.4 | 0.3 | 0.1 | 1.9 | 68.1% |
| Vietnam | 0.4 | 0.4 | 0.8 | 1.7 | 62.0% |
| Germany | 8.6 | 8.1 | 2.1 | 0.5 | -61.3% |
| Ukraine | 6.9 | 2.2 | 1.4 | 0.2 | -69.3% |
| Sweden | 4.3 | N/A | 0.1 | 0.2 | -64.0% |
| Austria | 3.3 | 4.3 | 3.4 | N/A | 1.5% |
| Others | 3.1 | 2.3 | 5.4 | 2.2 | -10.8% |
| Total | 34.0 | 23.5 | 30.4 | 26.9 | -7.5% |
Top Suppliers of Copper Wire to Russia in 2022:
- Kazakhstan (725.2 tons)
- Belarus (598.5 tons)
- China (507.1 tons)
- Uzbekistan (501.5 tons)
- Malaysia (240.6 tons)
- Vietnam (232.9 tons)
- Germany (28.9 tons)
- Ukraine (18.7 tons)
- Sweden (16.2 tons)
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