Price for Winding Wire of Copper in Germany - 2023
Contents:
- Price for Winding Wire of Copper in Germany (FOB) - 2023
- Price for Winding Wire of Copper in Germany (CIF) - 2023
- Exports of Winding Wire of Copper in Germany
- Imports of Winding Wire of Copper in Germany
Price for Winding Wire of Copper in Germany (FOB) - 2023
The average winding wire of copper export price stood at $13,908 per ton in June 2023, approximately equating the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 14% month-to-month. The export price peaked at $14,062 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the UK ($48,167 per ton), while the average price for exports to Italy ($10,229 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Germany (CIF) - 2023
The average winding wire of copper import price stood at $11,117 per ton in June 2023, which is down by -4.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs at $11,603 per ton in May 2023, and then declined slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($14,547 per ton), while the price for Spain ($5,100 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Germany
In 2022, the amount of winding wire of coppers exported from Germany contracted slightly to 78K tons, reducing by -3.5% against 2021. Over the period under review, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 2.5%.
In value terms, winding wire of copper exports expanded modestly to $967M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Winding Wire of Copper in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 94.5 | 88.7 | 130 | 131 | 11.5% |
| France | 99.5 | 95.7 | 108 | 111 | 3.7% |
| Hungary | 97.7 | 92.7 | 105 | 110 | 4.0% |
| Serbia | 86.3 | 71.2 | 82.4 | 76.0 | -4.1% |
| Poland | 48.5 | 42.6 | 58.1 | 68.5 | 12.2% |
| United Kingdom | 40.0 | 35.9 | 41.0 | 62.4 | 16.0% |
| Italy | 42.0 | 33.9 | 42.0 | 49.0 | 5.3% |
| Austria | 35.8 | 30.4 | 52.9 | 41.5 | 5.0% |
| Romania | 20.0 | 20.4 | 29.8 | 36.2 | 21.9% |
| China | 21.4 | 18.8 | 39.5 | 33.9 | 16.6% |
| Slovakia | 26.6 | 20.2 | 26.1 | 28.6 | 2.4% |
| Slovenia | 8.9 | 8.0 | 14.5 | 18.2 | 26.9% |
| Spain | 21.6 | 18.7 | 14.1 | 8.2 | -27.6% |
| Others | 181 | 149 | 191 | 193 | 2.2% |
| Total | 823 | 726 | 935 | 967 | 5.5% |
Top Export Markets for Winding Wire of Copper from Germany in 2022:
- Czech Republic (13.5K tons)
- Hungary (11.2K tons)
- France (9.7K tons)
- Serbia (7.1K tons)
- Poland (5.9K tons)
- Italy (4.5K tons)
- Austria (3.6K tons)
- Romania (3.3K tons)
- Slovakia (2.7K tons)
- Slovenia (1.9K tons)
- United Kingdom (1.6K tons)
- China (1.5K tons)
- Spain (0.7K tons)
Imports of Winding Wire of Copper in Germany
In 2022, after three years of growth, there was significant decline in purchases abroad of winding wire of coppers, when their volume decreased by -10% to 39K tons. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 43K tons, and then contracted in the following year.
In value terms, winding wire of copper imports totaled $341M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire of Copper in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 71.4 | 59.8 | 96.9 | 89.6 | 7.9% |
| Austria | 38.3 | 41.6 | 46.9 | 70.5 | 22.6% |
| Sweden | 5.5 | 8.8 | 24.2 | 31.4 | 78.7% |
| Serbia | 1.7 | 8.8 | 19.9 | 25.7 | 147.3% |
| Spain | 20.3 | 24.0 | 32.1 | 24.6 | 6.6% |
| Poland | 6.0 | 16.4 | 29.5 | 19.3 | 47.6% |
| Slovakia | 6.5 | 5.7 | 10.1 | 9.3 | 12.7% |
| Turkey | 5.8 | 1.2 | 2.9 | 8.8 | 14.9% |
| France | 5.7 | 11.8 | 9.6 | 8.7 | 15.1% |
| Netherlands | 6.0 | 6.7 | 7.9 | 8.2 | 11.0% |
| Others | 26.1 | 30.9 | 60.1 | 45.2 | 20.1% |
| Total | 193 | 216 | 340 | 341 | 20.9% |
Top Suppliers of Winding Wire of Copper to Germany in 2022:
- Italy (10.2K tons)
- Austria (6.2K tons)
- Spain (5.7K tons)
- Sweden (5.4K tons)
- Serbia (2.5K tons)
- Poland (1.8K tons)
- Netherlands (1.0K tons)
- Turkey (0.9K tons)
- France (0.9K tons)
- Slovakia (0.9K tons)
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