Price for Winding Wire of Copper in Singapore - 2022
Contents:
- Price for Winding Wire of Copper in Singapore (CIF) - 2022
- Price for Winding Wire of Copper in Singapore (FOB) - 2022
- Imports of Winding Wire of Copper in Singapore
- Exports of Winding Wire of Copper in Singapore
Price for Winding Wire of Copper in Singapore (CIF) - 2022
The average winding wire of copper import price stood at $16,424 per ton in September 2022, picking up by 34% against the previous month. In general, import price indicated notable growth from September 2021 to September 2022: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, winding wire of copper import price decreased by -9.6% against April 2022 indices. The most prominent rate of growth was recorded in November 2021 an increase of 72% against the previous month. Over the period under review, average import prices reached the maximum at $18,196 per ton in January 2022; however, from February 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($39,232 per ton), while the price for Taiwan (Chinese) ($9,427 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Singapore (FOB) - 2022
The average winding wire of copper export price stood at $12,534 per ton in 2022, approximately mirroring the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper export price increased by +101.3% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 30%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($26,715 per ton), while the average price for exports to India ($2,776 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 Malaysia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Singapore
In 2022, approx. 10K tons of winding wire of coppers were imported into Singapore; shrinking by -29.5% against the year before. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 150%. As a result, imports attained the peak of 14K tons, and then shrank rapidly in the following year.
In value terms, winding wire of copper imports reduced slightly to $95M in 2022. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $96M, and then declined slightly in the following year.
| Import of Winding Wire of Copper in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 26.8 | 20.8 | 32.7 | 31.0 | 5.0% |
| Indonesia | 2.3 | 8.4 | 22.6 | 21.8 | 111.6% |
| China | 8.7 | 9.7 | 16.5 | 16.3 | 23.3% |
| United States | 5.5 | 4.5 | 5.7 | 8.2 | 14.2% |
| Thailand | 1.1 | 2.0 | 3.5 | 2.7 | 34.9% |
| South Korea | 0.1 | 0.5 | 2.0 | 2.2 | 180.2% |
| Taiwan (Chinese) | 0.7 | 0.4 | 2.2 | 2.0 | 41.9% |
| Others | 10.3 | 8.4 | 10.9 | 11.0 | 2.2% |
| Total | 55.6 | 54.9 | 96.2 | 95.2 | 19.6% |
Top Suppliers of Winding Wire of Copper to Singapore in 2022:
- China (3.4K tons)
- Malaysia (2.9K tons)
- Indonesia (2.3K tons)
- United States (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- Thailand (0.2K tons)
- South Korea (0.2K tons)
Exports of Winding Wire of Copper in Singapore
In 2022, shipments abroad of winding wire of coppers decreased by -9.3% to 4.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 4.5%. As a result, the exports attained the peak of 5.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, winding wire of copper exports dropped to $56M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of $61M, and then dropped in the following year.
| Export of Winding Wire of Copper in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 12.6 | 24.6 | 42.0 | 39.1 | 45.9% |
| Malaysia | 8.1 | 6.1 | 8.0 | 7.2 | -3.9% |
| Vietnam | 5.7 | 5.4 | 5.3 | 2.9 | -20.2% |
| United States | 0.3 | 0.9 | 0.4 | 1.8 | 81.7% |
| India | 0.3 | 0.6 | 0.4 | 0.4 | 10.1% |
| Germany | 16.9 | 12.5 | N/A | N/A | -26.0% |
| Myanmar | 1.4 | 1.1 | 0.1 | N/A | -73.3% |
| Others | 4.3 | 3.3 | 4.8 | 4.5 | 1.5% |
| Total | 49.7 | 54.5 | 61.0 | 56.0 | 4.1% |
Top Export Markets for Winding Wire of Copper from Singapore in 2022:
- Indonesia (3411.3 tons)
- Malaysia (270.9 tons)
- Vietnam (198.7 tons)
- United States (191.9 tons)
- India (155.6 tons)
- Myanmar (0.5 tons)
- Germany (0.2 tons)
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