Price for Winding Wire of Copper in Norway - 2023
Contents:
- Price for Winding Wire of Copper in Norway (CIF) - 2023
- Price for Winding Wire of Copper in Norway (FOB) - 2022
- Imports of Winding Wire of Copper in Norway
- Exports of Winding Wire of Copper in Norway
Price for Winding Wire of Copper in Norway (CIF) - 2023
The average winding wire of copper import price stood at $16,056 per ton in August 2023, reducing by -36.8% against the previous month. Over the period under review, the import price, however, posted noticeable growth. The growth pace was the most rapid in July 2023 an increase of 69% m-o-m. As a result, import price reached the peak level of $25,400 per ton, and then declined sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($39,463 per ton), while the price for Sweden ($8,228 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Norway (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $24,285 per ton, which is down by -2% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. The export price peaked at $43,989 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($109,155 per ton), while the average price for exports to Germany ($9,907 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Norway
For the fourth consecutive year, Norway recorded growth in purchases abroad of winding wire of coppers, which increased by 27% to 1.2K tons in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 104%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, winding wire of copper imports surged to $14M in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 70%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Winding Wire of Copper in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 0.1 | 4.2 | 6.7 | 718.5% |
| United Kingdom | 2.7 | 2.6 | 3.5 | 2.2 | -6.6% |
| Sweden | 1.2 | 1.2 | 1.6 | 1.6 | 10.1% |
| China | 2.0 | 1.1 | 0.8 | 1.0 | -20.6% |
| Germany | 0.2 | 0.5 | 0.3 | 0.3 | 14.5% |
| Denmark | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 1.0 | 1.1 | 1.2 | 2.0 | 26.0% |
| Total | 7.3 | 6.8 | 11.6 | 13.9 | 23.9% |
Top Suppliers of Winding Wire of Copper to Norway in 2022:
- Spain (844.0 tons)
- Sweden (133.9 tons)
- United Kingdom (78.3 tons)
- China (77.1 tons)
- Germany (12.0 tons)
- Denmark (5.9 tons)
Exports of Winding Wire of Copper in Norway
In 2022, shipments abroad of winding wire of coppers increased by 54% to 71 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a precipitous slump.
In value terms, winding wire of copper exports soared to $1.7M in 2022. Over the period under review, exports, however, faced a abrupt decline.
| Export of Winding Wire of Copper in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 344 | 435 | 168 | 662 | 24.4% |
| United States | 1,297 | 223 | 199 | 200 | -46.4% |
| India | 4.5 | 3.9 | 0.5 | 149 | 221.1% |
| Vietnam | 51.1 | 17.1 | 43.9 | 98.2 | 24.3% |
| United Kingdom | 571 | 874 | 38.6 | 69.1 | -50.5% |
| Denmark | 138 | 7.2 | 38.7 | 66.1 | -21.8% |
| Germany | 44.8 | 28.3 | 94.9 | 45.9 | 0.8% |
| Faroe Islands | 17.7 | N/A | 2.3 | 44.7 | 36.2% |
| Estonia | 16.5 | 13.8 | 49.7 | 23.7 | 12.8% |
| Italy | 43.4 | 55.4 | 64.4 | 22.2 | -20.0% |
| Poland | 121 | 217 | 30.5 | 16.5 | -48.5% |
| Others | 435 | 592 | 414 | 334 | -8.4% |
| Total | 3,085 | 2,468 | 1,145 | 1,731 | -17.5% |
Top Export Markets for Winding Wire of Copper from Norway in 2022:
- Sweden (40.5 tons)
- Germany (4.6 tons)
- United Kingdom (4.5 tons)
- Denmark (4.0 tons)
- Vietnam (3.2 tons)
- United States (2.2 tons)
- Faroe Islands (1.7 tons)
- India (1.4 tons)
- Italy (1.3 tons)
- Estonia (1.2 tons)
- Poland (0.9 tons)
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