Price for Winding Wire, Other than of Copper in New Zealand - 2024
Contents:
- Price for Winding Wire, Other than of Copper in New Zealand (CIF) - 2022
- Price for Winding Wire, Other than of Copper in New Zealand (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in New Zealand
- Exports of Winding Wire, Other than of Copper in New Zealand
Price for Winding Wire, Other than of Copper in New Zealand (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $6,460 per ton in 2022, growing by 25% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. Over the period under review, average import prices attained the peak figure at $7,275 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +25.0% per year.
Price for Winding Wire, Other than of Copper in New Zealand (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $51,961 per ton in 2022, increasing by 48% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Thailand ($117,120 per ton), while the average price for exports to Cook Islands ($3,469 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 Fiji (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in New Zealand
In 2022, the amount of winding wire, other than of coppers imported into New Zealand dropped notably to 330 tons, waning by -40.7% on 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of 557 tons, and then contracted markedly in the following year.
In value terms, imports of winding wire, other than of coppers dropped sharply to $2.1M in 2022. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports reached the peak of $2.9M, and then reduced notably in the following year.
| Import of Winding Wire, Other than of Copper in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.4 | 2.7 | 2.0 | 5.6% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 2.0 | 1.5 | 2.9 | 2.1 | 1.6% |
Top Suppliers of Winding Wire, Other than of Copper to New Zealand in 2022:
- China (326.5 tons)
Exports of Winding Wire, Other than of Copper in New Zealand
Exports of winding wire, other than of coppers from New Zealand contracted significantly to 1 tons in 2022, dropping by -51.6% on the previous year's figure. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year.
In value terms, exports of winding wire, other than of coppers fell markedly to $50K in 2022. In general, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 109%.
| Export of Winding Wire, Other than of Copper in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 0.8 | 1.5 | 24.2 | 75.2% |
| Australia | 48.3 | 16.5 | 47.1 | 17.5 | -28.7% |
| Fiji | 96.1 | 1.7 | N/A | 4.7 | -63.4% |
| Thailand | N/A | N/A | 9.8 | 2.9 | -70.4% |
| Cook Islands | 1.3 | 0.9 | 2.2 | 1.1 | -5.4% |
| Samoa | N/A | 8.5 | 9.3 | N/A | 9.4% |
| Others | 6.2 | 7.8 | 5.5 | N/A | -5.8% |
| Total | 156 | 36.1 | 75.4 | 50.4 | -31.4% |
Top Export Markets for Winding Wire, Other than of Copper from New Zealand in 2022:
- Australia (400.0 kg)
- Cook Islands (311.0 kg)
- United States (261.0 kg)
- Fiji (46.0 kg)
- Thailand (25.0 kg)
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