Price for Winding Wire of Copper in the UK - 2023
Contents:
- Price for Winding Wire of Copper in the UK (CIF) - 2022
- Price for Winding Wire of Copper in the UK (FOB) - 2022
- Imports of Winding Wire of Copper in the UK
- Exports of Winding Wire of Copper in the UK
Price for Winding Wire of Copper in the UK (CIF) - 2022
The average winding wire of copper import price stood at $14,018 per ton in 2022, growing by 20% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 decreased by -11.4% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 33%. The import price peaked at $15,820 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($18,963 per ton), while the price for Italy ($8,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in the UK (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $20,729 per ton, growing by 15% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +59.3% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($54,957 per ton), while the average price for exports to Sweden ($8,363 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 the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in the UK
In 2022, imports of winding wire of coppers into the UK fell markedly to 3.2K tons, with a decrease of -69% against the previous year's figure. Over the period under review, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. As a result, imports reached the peak of 10K tons, and then reduced rapidly in the following year.
In value terms, winding wire of copper imports shrank markedly to $45M in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of $121M, and then plummeted in the following year.
| Import of Winding Wire of Copper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 4.2 | 6.2 | 7.0 | 20.5% |
| China | 3.5 | 2.4 | 3.4 | 5.5 | 16.3% |
| Austria | 0.3 | 4.9 | 2.9 | 4.9 | 153.7% |
| Germany | 43.4 | 38.9 | 50.8 | 4.9 | -51.7% |
| Serbia | 1.3 | 2.6 | 7.0 | 4.5 | 51.3% |
| Italy | 2.5 | 2.2 | 5.3 | 4.0 | 17.0% |
| Sweden | 4.1 | 2.8 | N/A | 3.1 | -8.9% |
| Turkey | 1.6 | 1.7 | 0.9 | 1.8 | 4.0% |
| Greece | 1.8 | 1.8 | 3.0 | 1.5 | -5.9% |
| Spain | 5.0 | 14.6 | 30.1 | 1.2 | -37.9% |
| India | 3.9 | 1.8 | 0.6 | 0.2 | -62.8% |
| Netherlands | 5.6 | 4.4 | 2.9 | 0.1 | -73.9% |
| Others | 6.4 | 7.5 | 7.9 | 6.3 | -0.5% |
| Total | 83.2 | 89.6 | 121 | 45.0 | -18.5% |
Top Suppliers of Winding Wire of Copper to the UK in 2022:
- Italy (483.3 tons)
- Austria (434.9 tons)
- China (423.7 tons)
- Serbia (366.5 tons)
- Sweden (300.4 tons)
- Germany (259.8 tons)
- Turkey (164.5 tons)
- Greece (144.7 tons)
- Spain (113.7 tons)
- United States (103.7 tons)
- India (14.8 tons)
- Netherlands (5.8 tons)
Exports of Winding Wire of Copper in the UK
In 2022, winding wire of copper exports from the UK reduced modestly to 2.1K tons, therefore, remained relatively stable against 2021. Over the period under review, exports saw a abrupt downturn.
In value terms, winding wire of copper exports rose remarkably to $44M in 2022. In general, exports, however, showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Winding Wire of Copper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 4.2 | 3.1 | 9.7 | 18.0% |
| Norway | 2.5 | 3.2 | 3.6 | 3.0 | 6.3% |
| Italy | 1.6 | 1.3 | 3.9 | 2.4 | 14.5% |
| Singapore | 1.8 | 1.2 | 2.0 | 2.2 | 6.9% |
| Germany | 1.0 | 0.5 | 1.7 | 2.1 | 28.1% |
| Azerbaijan | 0.2 | 0.8 | 0.3 | 1.8 | 108.0% |
| Ireland | 3.7 | 4.2 | 2.4 | 1.6 | -24.4% |
| Lithuania | 0.8 | 0.5 | 1.0 | 1.3 | 17.6% |
| Netherlands | 1.5 | 1.8 | 1.9 | 1.2 | -7.2% |
| France | 0.7 | 0.5 | 1.1 | 1.2 | 19.7% |
| Spain | 0.4 | 0.3 | 1.0 | 1.2 | 44.2% |
| Gambia | 0.4 | 0.8 | N/A | 0.8 | 26.0% |
| Sweden | 0.3 | 0.3 | 0.8 | 0.8 | 38.7% |
| Others | 22.8 | 16.5 | 15.7 | 14.6 | -13.8% |
| Total | 43.3 | 36.1 | 38.5 | 43.8 | 0.4% |
Top Export Markets for Winding Wire of Copper from the UK in 2022:
- Italy (230.5 tons)
- Norway (213.6 tons)
- United States (177.3 tons)
- Singapore (167.6 tons)
- Germany (124.0 tons)
- Ireland (112.0 tons)
- Lithuania (100.8 tons)
- Sweden (94.7 tons)
- France (83.0 tons)
- Azerbaijan (73.9 tons)
- Gambia (72.3 tons)
- Spain (58.7 tons)
- Netherlands (48.2 tons)
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