Price for Winding Wire of Copper in Vietnam - 2021
Contents:
- Price for Winding Wire of Copper in Vietnam (CIF) - 2022
- Price for Winding Wire of Copper in Vietnam (FOB) - 2022
- Imports of Winding Wire of Copper in Vietnam
- Exports of Winding Wire of Copper in Vietnam
Price for Winding Wire of Copper in Vietnam (CIF) - 2022
The average winding wire of copper import price stood at $9,692 per ton in 2022, reducing by -14.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 38%. As a result, import price attained the peak level of $11,296 per ton, and then fell 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 Japan ($14,265 per ton), while the price for Taiwan (Chinese) ($8,247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winding Wire of Copper in Vietnam (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $10,115 per ton, declining by -8.7% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $14,917 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 China ($14,292 per ton), while the average price for exports to Hong Kong SAR ($7,167 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 Saudi Arabia (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Vietnam
In 2022, approx. 32K tons of winding wire of coppers were imported into Vietnam; growing by 4.1% on 2021 figures. In general, imports, however, saw a mild slump.
In value terms, winding wire of copper imports declined to $309M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; 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 27% against the previous year. As a result, imports reached the peak of $346M, and then shrank in the following year.
| Import of Winding Wire of Copper in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 121 | 137 | 172 | 169 | 11.8% |
| Thailand | 33.9 | 27.1 | 35.6 | 36.6 | 2.6% |
| Malaysia | 19.1 | 17.5 | 27.8 | 28.5 | 14.3% |
| Japan | 29.5 | 27.1 | 34.6 | 23.6 | -7.2% |
| South Korea | 31.5 | 36.6 | 45.6 | 21.4 | -12.1% |
| Taiwan (Chinese) | 12.6 | 13.9 | 15.0 | 15.4 | 6.9% |
| Others | 11.8 | 13.1 | 15.4 | 14.8 | 7.8% |
| Total | 259 | 272 | 346 | 309 | 6.1% |
Top Suppliers of Winding Wire of Copper to Vietnam in 2022:
- China (17.7K tons)
- Thailand (4.4K tons)
- Malaysia (3.0K tons)
- Taiwan (Chinese) (1.9K tons)
- South Korea (1.9K tons)
- Japan (1.7K tons)
Exports of Winding Wire of Copper in Vietnam
Winding wire of copper exports from Vietnam declined dramatically to 2.5K tons in 2022, waning by -18.3% against the previous year's figure. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 3K tons, and then declined remarkably in the following year.
In value terms, winding wire of copper exports reduced remarkably to $25M in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, the exports attained the peak of $34M, and then shrank rapidly in the following year.
| Export of Winding Wire of Copper in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1.3 | 0.6 | 6.4 | 4.9 | 55.6% |
| United States | 1.6 | 1.4 | 5.5 | 4.0 | 35.7% |
| Indonesia | 0.2 | 1.5 | 4.5 | 3.3 | 154.6% |
| China | 5.6 | 4.5 | 6.8 | 3.2 | -17.0% |
| Cambodia | 1.7 | 2.2 | 2.1 | 1.6 | -2.0% |
| Japan | 1.3 | 1.0 | 1.9 | 1.6 | 7.2% |
| Thailand | 1.3 | 2.1 | 1.7 | 1.3 | 0.0% |
| Hong Kong SAR | 0.6 | 0.6 | 1.2 | 1.3 | 29.4% |
| Malaysia | 0.3 | 0.5 | 0.7 | 1.1 | 54.2% |
| Saudi Arabia | 0.3 | 0.3 | 0.8 | 0.6 | 26.0% |
| South Korea | 0.6 | 0.4 | 0.4 | 0.3 | -20.6% |
| Others | 0.9 | 1.4 | 1.7 | 2.1 | 32.6% |
| Total | 15.7 | 16.5 | 33.7 | 25.1 | 16.9% |
Top Export Markets for Winding Wire of Copper from Vietnam in 2022:
- Philippines (489.4 tons)
- United States (383.3 tons)
- Indonesia (328.9 tons)
- China (222.2 tons)
- Hong Kong SAR (179.4 tons)
- Cambodia (178.7 tons)
- Thailand (155.2 tons)
- Japan (150.3 tons)
- Malaysia (110.0 tons)
- Saudi Arabia (57.4 tons)
- South Korea (32.8 tons)
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