Copper Wire Price in Thailand - 2023
Contents:
- Copper Wire Price in Thailand (FOB) - 2022
- Copper Wire Price in Thailand (CIF) - 2023
- Copper Wire Exports in Thailand
- Copper Wire Imports in Thailand
Copper Wire Price in Thailand (FOB) - 2022
The average copper wire export price stood at $8,921 per ton in 2022, dropping by -5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 46%. As a result, the export price reached the peak level of $9,391 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($51,677 per ton), while the average price for exports to India ($8,818 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 Indonesia (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Thailand (CIF) - 2023
In September 2023, the average copper wire import price amounted to $9,528 per ton, standing approximately at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 4.9% m-o-m. The import price peaked at $10,113 per ton in January 2023; however, from February 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 Germany ($13,947 per ton), while the price for Vietnam ($8,425 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 Indonesia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Thailand
Copper wire exports from Thailand shrank dramatically to 24K tons in 2022, dropping by -73.6% on 2021. Overall, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 5.1%.
In value terms, copper wire exports shrank dramatically to $213M in 2022. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports attained the peak of $850M, and then reduced dramatically in the following year.
| Export of Copper Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 169 | 133 | 234 | 143 | -5.4% |
| Vietnam | 203 | 200 | 297 | 37.4 | -43.1% |
| Philippines | 80.7 | 69.7 | 138 | 28.1 | -29.6% |
| Japan | 52.3 | 22.1 | 32.6 | 1.8 | -67.5% |
| Malaysia | 28.4 | 39.3 | 41.3 | 1.3 | -64.2% |
| China | 13.0 | 37.2 | 50.8 | N/A | 97.7% |
| Indonesia | 54.2 | 42.4 | 40.7 | N/A | -13.3% |
| Others | 23.5 | 11.8 | 15.9 | 1.4 | -60.9% |
| Total | 625 | 555 | 850 | 213 | -30.1% |
Top Export Markets for Copper Wire from Thailand in 2022:
- Indonesia (undefinedK tons)
- China (undefinedK tons)
- India (16.2K tons)
- Vietnam (4.1K tons)
- Philippines (3.1K tons)
- Japan (0.2K tons)
- Malaysia (0.1K tons)
Copper Wire Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of copper wires, which increased by 6.3% to 73K tons in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, copper wire imports reached $693M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Wire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.8 | 60.0 | 124 | 276 | 99.4% |
| Indonesia | 28.2 | 23.5 | 122 | 250 | 107.0% |
| Japan | 55.8 | 49.2 | 91.8 | 68.7 | 7.2% |
| Vietnam | 3.9 | 77.4 | 229 | 38.3 | 114.1% |
| Taiwan (Chinese) | 48.8 | 42.3 | 58.5 | 36.1 | -9.6% |
| Malaysia | 28.6 | 27.4 | 28.7 | 0.6 | -72.4% |
| Others | 13.4 | 13.1 | 20.4 | 23.8 | 21.1% |
| Total | 214 | 293 | 675 | 693 | 47.9% |
Top Suppliers of Copper Wire to Thailand in 2022:
- China (28.1K tons)
- Indonesia (27.6K tons)
- Japan (6.7K tons)
- Vietnam (4.2K tons)
- Taiwan (Chinese) (3.7K tons)
- Malaysia (0.1K tons)
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Copper wire prices decreased in December 2022, falling to $9,303 per ton (FOB, Thailand), from the previous month's rate of -1.7% in February 2023.
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