Price for Winding Wire of Copper in Iraq - 2022
Contents:
- Price for Winding Wire of Copper in Iraq (CIF) - 2022
- Price for Winding Wire of Copper in Iraq (FOB) - 2022
- Imports of Winding Wire of Copper in Iraq
- Exports of Winding Wire of Copper in Iraq
Price for Winding Wire of Copper in Iraq (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $11,057 per ton, increasing by 52% against the previous year. In general, the import price saw a resilient expansion. 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 Italy ($14,357 per ton), while the price for China ($4,061 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Iraq (FOB) - 2022
The average winding wire of copper export price stood at $9,526 per ton in 2022, remaining stable against the previous year. Overall, the export price, however, recorded a abrupt setback. The export price peaked at $28,593 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($11,921 per ton), while the average price for exports to Turkey stood at $9,483 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-10.4%).
Imports of Winding Wire of Copper in Iraq
In 2022, approx. 12K tons of winding wire of coppers were imported into Iraq; growing by 3.7% compared with 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 107%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, winding wire of copper imports surged to $131M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 123% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire of Copper in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 19.5 | 19.0 | 43.0 | 106 | 75.8% |
| Turkey | 11.0 | 8.6 | 18.8 | 11.2 | 0.6% |
| Iran | 3.2 | 2.7 | 7.4 | 5.2 | 17.6% |
| India | 0.7 | 0.4 | 2.5 | 2.9 | 60.6% |
| Kuwait | N/A | 0.4 | 2.7 | 1.9 | 117.9% |
| Saudi Arabia | 1.2 | 0.9 | 1.4 | 1.2 | 0.0% |
| China | 5.2 | 1.4 | 3.9 | 0.9 | -44.3% |
| United Arab Emirates | 1.3 | 2.9 | 2.3 | 0.5 | -27.3% |
| Others | 1.5 | 1.1 | 1.1 | 1.1 | -9.8% |
| Total | 43.6 | 37.2 | 83.1 | 131 | 44.3% |
Top Suppliers of Winding Wire of Copper to Iraq in 2022:
- Jordan (8.6K tons)
- Turkey (1.1K tons)
- Iran (1.1K tons)
- Kuwait (0.3K tons)
- Saudi Arabia (0.2K tons)
- India (0.2K tons)
- China (0.2K tons)
- United Arab Emirates (0.1K tons)
Exports of Winding Wire of Copper in Iraq
After three years of growth, overseas shipments of winding wire of coppers decreased by -31.2% to 5.8 tons in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 816% against the previous year. As a result, the exports attained the peak of 8.4 tons, and then dropped notably in the following year.
In value terms, winding wire of copper exports dropped dramatically to $55K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 652% against the previous year. As a result, the exports attained the peak of $80K, and then contracted rapidly in the following year.
| Export of Winding Wire of Copper in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.9 | 10.6 | 79.9 | 54.0 | 140.1% |
| Kuwait | N/A | N/A | N/A | 1.1 | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 3.9 | 10.6 | 79.9 | 55.4 | 142.2% |
Top Export Markets for Winding Wire of Copper from Iraq in 2022:
- Turkey (5.7 tons)
- Kuwait (0.1 tons)
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