Price for Winding Wire of Copper in Bangladesh - 2022
Contents:
- Price for Winding Wire of Copper in Bangladesh (CIF) - 2022
- Price for Winding Wire of Copper in Bangladesh (FOB) - 2022
- Imports of Winding Wire of Copper in Bangladesh
- Exports of Winding Wire of Copper in Bangladesh
Price for Winding Wire of Copper in Bangladesh (CIF) - 2022
The average winding wire of copper import price stood at $12,702 per ton in 2022, surging by 31% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper import price increased by +100.9% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($105,255 per ton), while the price for Canada ($4,497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Bangladesh (FOB) - 2022
The average winding wire of copper export price stood at $2,699 per ton in 2022, with a decrease of -24.5% against the previous year. In general, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price decreased by less than 0.1% against the previous year. Over the period under review, the average export prices hit record highs at $15,857 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -9.1% per year.
Imports of Winding Wire of Copper in Bangladesh
In 2022, purchases abroad of winding wire of coppers was finally on the rise to reach 782 tons after two years of decline. Overall, imports, however, saw a sharp downturn.
In value terms, winding wire of copper imports surged to $10M in 2022. In general, imports, however, continue to indicate a deep setback.
| Import of Winding Wire of Copper in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.3 | 3.0 | 2.9 | 5.3 | -5.6% |
| China | 10.1 | 1.9 | 1.0 | 2.2 | -39.8% |
| Spain | 0.7 | 0.7 | 0.8 | 1.3 | 22.9% |
| Italy | 0.4 | 0.4 | 0.5 | 0.8 | 26.0% |
| Canada | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Malaysia | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.6 | 0.3 | 0.4 | -7.2% |
| Total | 18.4 | 6.8 | 5.7 | 10.2 | -17.9% |
Top Suppliers of Winding Wire of Copper to Bangladesh in 2022:
- India (396.3 tons)
- China (223.7 tons)
- Italy (77.9 tons)
- Canada (29.6 tons)
- Spain (12.3 tons)
- Malaysia (11.8 tons)
Exports of Winding Wire of Copper in Bangladesh
In 2022, approx. 500 kg of winding wire of coppers were exported from Bangladesh; picking up by 5.9% compared with 2021. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 6.2%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, winding wire of copper exports shrank rapidly to $1.3K in 2022. Overall, exports, however, showed a sharp slump. The smallest decline of -19.9% was in 2021.
| Export of Winding Wire of Copper in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.6 | 2.1 | 1.7 | 1.3 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.6 | 2.1 | 1.7 | 1.3 | -20.6% |
Top Export Markets for Winding Wire of Copper from Bangladesh in 2022:
- United Arab Emirates (497.0 kg)
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