Price for Winding Wire of Copper in Spain - 2023
Contents:
- Price for Winding Wire of Copper in Spain (FOB) - 2023
- Price for Winding Wire of Copper in Spain (CIF) - 2022
- Exports of Winding Wire of Copper in Spain
- Imports of Winding Wire of Copper in Spain
Price for Winding Wire of Copper in Spain (FOB) - 2023
In June 2023, the average winding wire of copper export price amounted to $7,555 per ton, remaining relatively unchanged against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 9% against the previous month. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($13,248 per ton), while the average price for exports to Hungary ($4,217 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 Romania (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Spain (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $9,044 per ton, approximately reflecting the previous year. Over the period under review, import price indicated slight growth 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 import price increased by +26.6% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by 23%. As a result, import price attained the peak level of $9,150 per ton, and then dropped slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($20,052 per ton), while the price for Portugal ($2,699 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Spain
Winding wire of copper exports from Spain shrank to 55K tons in 2022, which is down by -11.3% compared with the previous year's figure. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 7.6%. As a result, the exports reached the peak of 62K tons, and then dropped in the following year.
In value terms, winding wire of copper exports dropped to $373M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $402M, and then contracted in the following year.
| Export of Winding Wire of Copper in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 90.9 | 106 | 132 | 139 | 15.2% |
| Germany | 21.3 | 26.6 | 35.8 | 52.8 | 35.3% |
| Italy | 50.3 | 39.4 | 63.8 | 46.1 | -2.9% |
| Portugal | 12.8 | 8.5 | 13.1 | 14.6 | 4.5% |
| Poland | 12.3 | 9.0 | 14.9 | 13.7 | 3.7% |
| Morocco | 4.9 | 5.9 | 10.6 | 9.9 | 26.4% |
| Czech Republic | 6.4 | 6.9 | 12.5 | 9.6 | 14.5% |
| Chile | 5.9 | 3.9 | 13.3 | 8.1 | 11.1% |
| Romania | 8.5 | 7.9 | 11.7 | 7.4 | -4.5% |
| Slovenia | 4.6 | 5.0 | 8.8 | 6.9 | 14.5% |
| Slovakia | 15.4 | 13.6 | 15.8 | 5.8 | -27.8% |
| Hungary | 3.3 | 3.7 | 5.9 | 5.5 | 18.6% |
| United Kingdom | 7.8 | 6.0 | 3.6 | 4.3 | -18.0% |
| Others | 29.2 | 33.7 | 59.9 | 48.6 | 18.5% |
| Total | 273 | 276 | 402 | 373 | 11.0% |
Top Export Markets for Winding Wire of Copper from Spain in 2022:
- France (20.0K tons)
- Germany (10.2K tons)
- Italy (7.2K tons)
- Slovenia (1.6K tons)
- Portugal (1.5K tons)
- Slovakia (1.5K tons)
- Poland (1.4K tons)
- Hungary (1.4K tons)
- Czech Republic (1.3K tons)
- Romania (1.0K tons)
- Chile (1.0K tons)
- Morocco (0.9K tons)
- United Kingdom (0.4K tons)
Imports of Winding Wire of Copper in Spain
In 2022, the amount of winding wire of coppers imported into Spain shrank remarkably to 5.5K tons, falling by -15.4% against 2021 figures. The total import volume increased at an average annual rate of +3.0% 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 43% against the previous year. As a result, imports attained the peak of 6.5K tons, and then dropped rapidly in the following year.
In value terms, winding wire of copper imports dropped notably to $50M in 2022. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $60M, and then fell dramatically in the following year.
| Import of Winding Wire of Copper in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.1 | 8.5 | 13.3 | 12.2 | 14.6% |
| France | 1.3 | 2.4 | 8.3 | 8.6 | 87.7% |
| Germany | 6.9 | 7.4 | 9.8 | 7.4 | 2.4% |
| Japan | N/A | N/A | 4.2 | 6.1 | 45.2% |
| Slovakia | 5.2 | 4.5 | 6.4 | 5.0 | -1.3% |
| Turkey | 2.6 | 2.4 | 2.9 | 2.7 | 1.3% |
| Portugal | 0.7 | 0.5 | 2.8 | 2.4 | 50.8% |
| China | 2.3 | 1.7 | 2.3 | 1.5 | -13.3% |
| United Kingdom | 1.3 | 1.9 | 0.6 | 1.1 | -5.4% |
| Others | 3.3 | 4.5 | 9.2 | 3.2 | -1.0% |
| Total | 31.7 | 33.9 | 59.9 | 50.1 | 16.5% |
Top Suppliers of Winding Wire of Copper to Spain in 2022:
- Italy (1487.9 tons)
- Portugal (889.2 tons)
- France (786.9 tons)
- Slovakia (598.1 tons)
- Germany (555.7 tons)
- Japan (501.7 tons)
- Turkey (258.6 tons)
- China (176.2 tons)
- United Kingdom (54.1 tons)
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