Price for Winding Wire of Copper in Hong Kong SAR - 2023
Contents:
- Price for Winding Wire of Copper in Hong Kong SAR (CIF) - 2023
- Price for Winding Wire of Copper in Hong Kong SAR (FOB) - 2023
- Imports of Winding Wire of Copper in Hong Kong SAR
- Exports of Winding Wire of Copper in Hong Kong SAR
Price for Winding Wire of Copper in Hong Kong SAR (CIF) - 2023
The average winding wire of copper import price stood at $15,491 per ton in June 2023, declining by -1.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 63% against the previous month. As a result, import price reached the peak level of $23,838 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($128K per ton), while the price for Kenya ($3,702 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 Kenya (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Hong Kong SAR (FOB) - 2023
In June 2023, the average winding wire of copper export price amounted to $21,916 per ton, falling by -3.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in January 2023 an increase of 23% against the previous month. Over the period under review, the average export prices attained the maximum at $23,642 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Singapore ($56,293 per ton), while the average price for exports to Mexico ($9,372 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 Mexico (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Hong Kong SAR
In 2022, the amount of winding wire of coppers imported into Hong Kong SAR dropped significantly to 7.6K tons, with a decrease of -35.6% on the previous year's figure. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16%.
In value terms, winding wire of copper imports declined significantly to $111M in 2022. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports reached the peak of $157M, and then declined sharply in the following year.
| Import of Winding Wire of Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.0 | 45.9 | 60.2 | 37.9 | -15.1% |
| Taiwan (Chinese) | 14.0 | 15.0 | 22.5 | 19.3 | 11.3% |
| Japan | 17.0 | 14.5 | 22.3 | 18.3 | 2.5% |
| United States | 11.8 | 10.0 | 18.4 | 16.8 | 12.5% |
| Malaysia | 8.5 | 8.0 | 10.7 | 7.6 | -3.7% |
| Thailand | 7.2 | 5.3 | 12.9 | 4.6 | -13.9% |
| Vietnam | 1.1 | 1.1 | 2.6 | 1.7 | 15.6% |
| South Korea | 1.2 | 0.7 | 0.5 | 0.4 | -30.7% |
| Others | 5.6 | 4.7 | 7.2 | 4.7 | -5.7% |
| Total | 128 | 105 | 157 | 111 | -4.6% |
Top Suppliers of Winding Wire of Copper to Hong Kong SAR in 2022:
- China (3745.7 tons)
- Taiwan (Chinese) (1234.0 tons)
- Japan (694.3 tons)
- Malaysia (577.3 tons)
- Thailand (430.5 tons)
- United States (306.0 tons)
- Vietnam (218.6 tons)
- South Korea (107.9 tons)
Exports of Winding Wire of Copper in Hong Kong SAR
In 2022, winding wire of copper exports from Hong Kong SAR fell remarkably to 6.3K tons, dropping by -30.7% on 2021. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 4.8% against the previous year.
In value terms, winding wire of copper exports dropped markedly to $120M in 2022. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $156M, and then dropped rapidly in the following year.
| Export of Winding Wire of Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 85.7 | 98.9 | 75.6 | -9.5% |
| Vietnam | 3.5 | 6.2 | 6.2 | 8.6 | 34.9% |
| Thailand | 7.6 | 8.7 | 10.4 | 7.1 | -2.2% |
| Japan | 6.8 | 5.3 | 6.7 | 5.1 | -9.1% |
| Philippines | 2.5 | 3.5 | 7.7 | 4.4 | 20.7% |
| United States | 3.4 | 3.5 | 6.7 | 4.0 | 5.6% |
| Germany | 1.4 | 1.4 | 3.2 | 3.2 | 31.7% |
| Others | 9.1 | 10.1 | 16.3 | 12.2 | 10.3% |
| Total | 137 | 124 | 156 | 120 | -4.3% |
Top Export Markets for Winding Wire of Copper from Hong Kong SAR in 2022:
- China (4298.1 tons)
- Philippines (407.6 tons)
- Vietnam (390.5 tons)
- Thailand (228.7 tons)
- Germany (214.4 tons)
- Japan (148.4 tons)
- United States (147.7 tons)
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