Copper Wire Price in Uzbekistan - 2023

Contents:

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

Copper Wire Price in Uzbekistan (FOB) - 2023

The average copper wire export price stood at $8,734 per ton in May 2023, which is down by -3.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 10% month-to-month. Over the period under review, the average export prices attained the maximum at $9,788 per ton in May 2022; however, from June 2022 to May 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In May 2023, the countries with the highest prices were Belarus ($8,826 per ton) and Turkey ($8,811 per ton), while the average price for exports to Slovenia ($8,467 per ton) and Lithuania ($8,561 per ton) were amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+0.1%), while the prices for the other major destinations experienced a decline.

Copper Wire Price in Uzbekistan (CIF) - 2022

The average copper wire import price stood at $14,849 per ton in 2022, surging by 57% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 66%. Over the period under review, average import prices hit record highs at $29,920 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($39,869 per ton), while the price for China ($4,608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+225.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Exports in Uzbekistan

In 2022, the amount of copper wires exported from Uzbekistan soared to 35K tons, rising by 31% compared with 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 99.9%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, copper wire exports rose sharply to $300M in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 216% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Copper Wire from Uzbekistan in 2022:

1. Turkey (23.0K tons)
2. Russia (4.2K tons)
3. Kazakhstan (2.7K tons)
4. Georgia (1.5K tons)
5. Azerbaijan (1.1K tons)
6. Belarus (0.8K tons)

Copper Wire Imports in Uzbekistan

Copper wire imports into Uzbekistan contracted significantly to 169 tons in 2022, which is down by -83.2% compared with 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,368%. As a result, imports attained the peak of 1K tons, and then fell rapidly in the following year.

In value terms, copper wire imports dropped significantly to $2.5M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 3,298% against the previous year. As a result, imports reached the peak of $9.5M, and then reduced remarkably in the following year.

Top Suppliers of Copper Wire to Uzbekistan in 2022:

1. China (52.4 tons)
2. Turkey (41.9 tons)
3. Russia (31.8 tons)
4. Ukraine (21.0 tons)
5. South Korea (17.4 tons)
6. United Arab Emirates (4.6 tons)

Source: IndexBox Market Intelligence Platform