Price for Winding Wire of Copper in Egypt - 2023
Contents:
- Price for Winding Wire of Copper in Egypt (CIF) - 2022
- Price for Winding Wire of Copper in Egypt (FOB) - 2022
- Imports of Winding Wire of Copper in Egypt
- Exports of Winding Wire of Copper in Egypt
Price for Winding Wire of Copper in Egypt (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $11,818 per ton, increasing by 8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($11,818 per ton) and China ($11,818 per ton), while the price for Slovakia ($11,818 per ton) and Italy ($11,818 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Egypt (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $11,454 per ton, surging by 2.2% against the previous year. Overall, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($11,454 per ton) and Poland ($11,454 per ton), while the average price for exports to Slovakia ($11,454 per ton) and Kuwait ($11,454 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Egypt
In 2022, approx. 2K tons of winding wire of coppers were imported into Egypt; falling by -11.7% against the year before. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.9% against the previous year.
In value terms, winding wire of copper imports declined to $24M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of $25M, and then dropped in the following year.
| Import of Winding Wire of Copper in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.5 | 7.7 | 12.4 | 6.7 | -7.6% |
| Turkey | 7.6 | 5.0 | 5.4 | 4.9 | -13.6% |
| China | 1.1 | 1.9 | 1.8 | 4.2 | 56.3% |
| India | 1.6 | 1.0 | 0.2 | 3.9 | 34.6% |
| United Arab Emirates | 0.5 | 0.9 | 2.9 | 2.2 | 63.9% |
| Slovakia | 0.2 | N/A | 0.5 | 1.6 | 100.0% |
| Others | 2.3 | 1.8 | 2.1 | 0.7 | -32.7% |
| Total | 21.9 | 18.5 | 25.3 | 24.1 | 3.2% |
Top Suppliers of Winding Wire of Copper to Egypt in 2022:
- Italy (563.1 tons)
- Turkey (414.9 tons)
- China (353.1 tons)
- India (327.4 tons)
- United Arab Emirates (186.8 tons)
- Slovakia (136.0 tons)
Exports of Winding Wire of Copper in Egypt
After two years of decline, shipments abroad of winding wire of coppers increased by 7.3% to 2K tons in 2022. In general, exports, however, showed a precipitous decrease.
In value terms, winding wire of copper exports rose markedly to $22M in 2022. Over the period under review, exports, however, recorded a sharp decline.
| Export of Winding Wire of Copper in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 46.9 | 30.4 | 11.4 | 6.4 | -48.5% |
| Algeria | 1.0 | 0.4 | 0.4 | 3.0 | 44.2% |
| Kuwait | 15.8 | 11.8 | 0.6 | 2.2 | -48.2% |
| Saudi Arabia | 0.6 | 0.4 | 1.2 | 1.6 | 38.7% |
| France | 0.5 | N/A | 0.1 | 1.3 | 37.5% |
| Slovakia | 0.2 | 0.2 | N/A | 1.1 | 76.5% |
| Czech Republic | N/A | 0.1 | 0.1 | 0.9 | 200.0% |
| Germany | 13.1 | 6.6 | N/A | 0.9 | -59.0% |
| Iraq | 2.5 | 0.8 | N/A | 0.8 | -31.6% |
| Poland | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| Kenya | 0.9 | 0.7 | 0.5 | 0.6 | -12.6% |
| Ireland | 4.0 | 1.0 | 0.3 | 0.5 | -50.0% |
| Romania | 0.3 | 0.3 | 0.1 | 0.4 | 10.1% |
| Others | 12.3 | 7.1 | 5.3 | 2.1 | -44.5% |
| Total | 98.0 | 59.9 | 20.4 | 22.4 | -38.9% |
Top Export Markets for Winding Wire of Copper from Egypt in 2022:
- United Kingdom (555.1 tons)
- Algeria (259.8 tons)
- Kuwait (194.2 tons)
- Saudi Arabia (138.4 tons)
- France (109.7 tons)
- Slovakia (92.6 tons)
- Czech Republic (77.7 tons)
- Germany (76.7 tons)
- Iraq (69.2 tons)
- Poland (54.9 tons)
- Kenya (54.4 tons)
- Ireland (46.9 tons)
- Romania (39.2 tons)
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