Price for Winding Wire, Other than of Copper in the United States - 2024
Contents:
- Price for Winding Wire, Other than of Copper in the United States (FOB) - 2022
- Price for Winding Wire, Other than of Copper in the United States (CIF) - 2022
- Exports of Winding Wire, Other than of Copper in the United States
- Imports of Winding Wire, Other than of Copper in the United States
Price for Winding Wire, Other than of Copper in the United States (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $11,744 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 8.6% against the previous year. The export price peaked at $11,904 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($40,329 per ton), while the average price for exports to Canada ($8,591 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 Vietnam (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in the United States (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $9,450 per ton, growing by 31% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for winding wire, other than of coppers increased by +110.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($26,846 per ton), while the price for Mexico ($4,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire, Other than of Copper in the United States
For the third consecutive year, the United States recorded decline in overseas shipments of winding wire, other than of coppers, which decreased by -17.6% to 6.9K tons in 2022. Over the period under review, exports saw a abrupt shrinkage. The smallest decline of -10.2% was in 2021.
In value terms, exports of winding wire, other than of coppers dropped notably to $80M in 2022. Overall, exports continue to indicate a abrupt downturn. The smallest decline of -6.5% was in 2021.
| Export of Winding Wire, Other than of Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 72.3 | 62.6 | 53.5 | 34.8 | -21.6% |
| Canada | 15.3 | 14.1 | 18.1 | 19.6 | 8.6% |
| Vietnam | 0.4 | 2.2 | 3.7 | 4.2 | 119.0% |
| China | 10.4 | 3.2 | 4.5 | 4.2 | -26.1% |
| Others | 26.0 | 23.8 | 19.3 | 17.6 | -12.2% |
| Total | 124 | 106 | 99.0 | 80.3 | -13.5% |
Top Export Markets for Winding Wire, Other than of Copper from the United States in 2022:
- Mexico (3.8K tons)
- Canada (2.3K tons)
- Vietnam (0.1K tons)
- China (0.1K tons)
Imports of Winding Wire, Other than of Copper in the United States
Imports of winding wire, other than of coppers into the United States contracted modestly to 3.4K tons in 2022, with a decrease of -2.3% against 2021 figures. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year.
In value terms, imports of winding wire, other than of coppers skyrocketed to $32M in 2022. In general, imports saw a relatively flat trend pattern.
| Import of Winding Wire, Other than of Copper in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.3 | 8.9 | 9.7 | 9.5 | 9.2% |
| China | 3.1 | 3.0 | 4.1 | 5.9 | 23.9% |
| Vietnam | 0.4 | 1.3 | 2.2 | 4.0 | 115.4% |
| Taiwan (Chinese) | 1.0 | 1.3 | 1.2 | 2.6 | 37.5% |
| Germany | 1.8 | 0.7 | 0.8 | 1.5 | -5.9% |
| Canada | 0.3 | 0.2 | 0.6 | 1.0 | 49.4% |
| Philippines | N/A | N/A | N/A | 0.7 | 0% |
| Venezuela | 8.7 | N/A | N/A | N/A | 0% |
| Colombia | 5.4 | N/A | N/A | N/A | 0% |
| Others | 4.9 | 4.3 | 6.0 | 7.0 | 12.6% |
| Total | 32.9 | 19.6 | 24.7 | 32.3 | -0.6% |
Top Suppliers of Winding Wire, Other than of Copper to the United States in 2022:
- Mexico (2159.0 tons)
- China (346.8 tons)
- Vietnam (330.8 tons)
- Taiwan (Chinese) (170.0 tons)
- Canada (82.7 tons)
- Philippines (62.4 tons)
- Germany (54.8 tons)
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