Price for Winding Wire, Other than of Copper in Japan - 2024
Contents:
- Price for Winding Wire, Other than of Copper in Japan (CIF) - 2024
- Price for Winding Wire, Other than of Copper in Japan (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Japan
- Exports of Winding Wire, Other than of Copper in Japan
Price for Winding Wire, Other than of Copper in Japan (CIF) - 2024
The average import price for winding wire, other than of coppers stood at $5,869 per ton in February 2024, rising by 6.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices attained the peak figure at $6,371 per ton in April 2023; however, from May 2023 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Malaysia ($7,565 per ton), while the price for China ($4,562 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire, Other than of Copper in Japan (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $35,694 per ton, with a decrease of -17.6% against the previous year. Over the period under review, the export price recorded a deep downturn. The growth pace was the most rapid in 2020 an increase of 34%. The export price peaked at $116,104 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($666,439 per ton), while the average price for exports to the Philippines ($20,311 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 Switzerland (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire, Other than of Copper in Japan
In 2022, purchases abroad of winding wire, other than of coppers was finally on the rise to reach 7K tons after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced curtailment.
In value terms, imports of winding wire, other than of coppers rose remarkably to $46M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Winding Wire, Other than of Copper in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 17.4 | 17.2 | 16.9 | 18.3 | 1.7% |
| China | 13.2 | 11.5 | 15.5 | 16.8 | 8.4% |
| South Korea | 7.2 | 6.9 | 8.8 | 8.6 | 6.1% |
| Taiwan (Chinese) | 1.7 | 1.5 | 1.6 | 1.8 | 1.9% |
| Others | 0.8 | 0.4 | 0.2 | 0.1 | -50.0% |
| Total | 40.4 | 37.6 | 42.9 | 45.6 | 4.1% |
Top Suppliers of Winding Wire, Other than of Copper to Japan in 2022:
- China (3.2K tons)
- Malaysia (2.3K tons)
- South Korea (1.3K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Winding Wire, Other than of Copper in Japan
In 2022, exports of winding wire, other than of coppers from Japan plummeted to 154 tons, dropping by -16.7% compared with 2021. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 31%.
In value terms, exports of winding wire, other than of coppers plummeted to $5.5M in 2022. In general, exports saw a abrupt shrinkage. The smallest decline of -4.2% was in 2021.
| Export of Winding Wire, Other than of Copper in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 3.5 | 2.3 | 2.3 | -2.7% |
| Vietnam | 2.9 | 1.8 | 1.5 | 1.4 | -21.6% |
| Philippines | 0.8 | 0.5 | 0.4 | 0.4 | -20.6% |
| Hong Kong SAR | 1.9 | 1.2 | 0.8 | 0.3 | -46.0% |
| Thailand | 0.3 | 0.2 | 1.7 | 0.2 | -12.6% |
| Others | 1.1 | 1.1 | 1.2 | 0.9 | -6.5% |
| Total | 9.5 | 8.2 | 7.9 | 5.5 | -16.7% |
Top Export Markets for Winding Wire, Other than of Copper from Japan in 2022:
- Vietnam (62.0 tons)
- China (54.7 tons)
- Philippines (17.5 tons)
- Thailand (7.2 tons)
- Hong Kong SAR (3.9 tons)
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