Price for Winding Wire of Copper in the United States - 2023
Contents:
- Price for Winding Wire of Copper in the United States (CIF) - 2023
- Price for Winding Wire of Copper in the United States (FOB) - 2023
- Imports of Winding Wire of Copper in the United States
- Exports of Winding Wire of Copper in the United States
Price for Winding Wire of Copper in the United States (CIF) - 2023
The average winding wire of copper import price stood at $11,592 per ton in July 2023, reducing by -1.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 5.7% against the previous month. The import price peaked at $12,133 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($18,591 per ton), while the price for Indonesia ($10,123 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in the United States (FOB) - 2023
The average winding wire of copper export price stood at $9,829 per ton in July 2023, which is down by -7.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $10,670 per ton, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($19,346 per ton), while the average price for exports to Ireland ($3,657 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in the United States
In 2022, the amount of winding wire of coppers imported into the United States rose slightly to 56K tons, picking up by 4.8% on the previous year. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, winding wire of copper imports expanded remarkably to $670M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Winding Wire of Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 246 | 245 | 402 | 419 | 19.4% |
| Canada | 34.7 | 37.8 | 62.5 | 64.8 | 23.1% |
| Germany | 61.5 | 40.7 | 40.9 | 43.9 | -10.6% |
| China | 14.1 | 12.1 | 15.4 | 35.6 | 36.2% |
| India | 11.2 | 9.3 | 17.4 | 26.1 | 32.6% |
| South Korea | 3.6 | 6.3 | 12.5 | 15.4 | 62.3% |
| Indonesia | 21.7 | 12.8 | 23.2 | 14.8 | -12.0% |
| Others | 41.7 | 34.4 | 43.3 | 50.8 | 6.8% |
| Total | 435 | 399 | 617 | 670 | 15.5% |
Top Suppliers of Winding Wire of Copper to the United States in 2022:
- Mexico (38.1K tons)
- Canada (5.8K tons)
- China (2.7K tons)
- India (2.3K tons)
- Indonesia (1.4K tons)
- Germany (1.4K tons)
- South Korea (1.1K tons)
Exports of Winding Wire of Copper in the United States
In 2022, winding wire of copper exports from the United States stood at 43K tons, with an increase of 2.2% against 2021 figures. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, winding wire of copper exports totaled $436M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Winding Wire of Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 183 | 165 | 231 | 237 | 9.0% |
| Canada | 48.8 | 42.1 | 60.4 | 60.8 | 7.6% |
| China | 31.9 | 32.2 | 35.5 | 30.2 | -1.8% |
| Hong Kong SAR | 17.4 | 17.4 | 25.6 | 21.7 | 7.6% |
| Costa Rica | 6.5 | 12.1 | 7.5 | 10.6 | 17.7% |
| United Kingdom | 4.8 | 4.1 | 5.1 | 5.0 | 1.4% |
| Others | 61.5 | 54.6 | 60.3 | 69.9 | 4.4% |
| Total | 354 | 328 | 425 | 436 | 7.2% |
Top Export Markets for Winding Wire of Copper from the United States in 2022:
- Mexico (23.8K tons)
- Canada (5.1K tons)
- China (2.4K tons)
- Costa Rica (1.9K tons)
- Hong Kong SAR (1.8K tons)
- United Kingdom (0.7K tons)
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