Price for Winding Wire, Other than of Copper in Sri Lanka - 2022
Contents:
- Price for Winding Wire, Other than of Copper in Sri Lanka (FOB) - 2022
- Price for Winding Wire, Other than of Copper in Sri Lanka (CIF) - 2022
- Exports of Winding Wire, Other than of Copper in Sri Lanka
- Imports of Winding Wire, Other than of Copper in Sri Lanka
Price for Winding Wire, Other than of Copper in Sri Lanka (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $15,039 per ton, with an increase of 66% against the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2021 an increase of 78%. 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 Singapore ($31,844 per ton), while the average price for exports to the United States ($8,369 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 UK (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Sri Lanka (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $8,853 per ton in 2022, picking up by 69% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $9,056 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($26,700 per ton), while the price for India ($2,931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire, Other than of Copper in Sri Lanka
In 2022, overseas shipments of winding wire, other than of coppers decreased by -33.8% to 136 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of 272 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of winding wire, other than of coppers expanded markedly to $2M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Winding Wire, Other than of Copper in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 589 | 674 | 828 | 766 | 9.2% |
| Spain | 249 | 347 | 334 | 761 | 45.1% |
| United Kingdom | N/A | N/A | N/A | 102 | 0% |
| Singapore | N/A | 0.2 | 0.5 | 95.8 | 2088.6% |
| United States | 38.8 | 61.3 | 39.7 | 90.5 | 32.6% |
| Ethiopia | 235 | 7.4 | 150 | 3.9 | -74.5% |
| Kenya | 158 | 8.7 | N/A | N/A | -94.5% |
| Mozambique | 125 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | 316 | 418 | N/A | 32.3% |
| Others | 168 | 73.1 | 75.9 | 230 | 11.0% |
| Total | 1,563 | 1,488 | 1,846 | 2,048 | 9.4% |
Top Export Markets for Winding Wire, Other than of Copper from Sri Lanka in 2022:
- India (68.9 tons)
- Spain (46.5 tons)
- United States (10.8 tons)
- United Kingdom (3.4 tons)
- Singapore (3.0 tons)
- Ethiopia (0.2 tons)
Imports of Winding Wire, Other than of Copper in Sri Lanka
In 2022, imports of winding wire, other than of coppers into Sri Lanka fell markedly to 82 tons, which is down by -54% against the previous year. Over the period under review, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of 178 tons, and then shrank notably in the following year.
In value terms, imports of winding wire, other than of coppers shrank sharply to $671K in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 38%.
| Import of Winding Wire, Other than of Copper in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 761 | 538 | 772 | 386 | -20.2% |
| Taiwan (Chinese) | 4.8 | 4.0 | 65.6 | 115 | 188.3% |
| India | 176 | 108 | 69.7 | 89.9 | -20.1% |
| Singapore | 3.5 | 4.5 | 0.5 | 72.7 | 174.9% |
| Others | 5.9 | 10.3 | 11.9 | 7.1 | 6.4% |
| Total | 951 | 666 | 920 | 671 | -11.0% |
Top Suppliers of Winding Wire, Other than of Copper to Sri Lanka in 2022:
- China (42.9 tons)
- India (30.7 tons)
- Taiwan (Chinese) (4.3 tons)
- Singapore (3.8 tons)
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