Price for Winding Wire, Other than of Copper in Turkey - 2024
Contents:
- Price for Winding Wire, Other than of Copper in Turkey (FOB) - 2022
- Price for Winding Wire, Other than of Copper in Turkey (CIF) - 2024
- Exports of Winding Wire, Other than of Copper in Turkey
- Imports of Winding Wire, Other than of Copper in Turkey
Price for Winding Wire, Other than of Copper in Turkey (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $5,915 per ton, with an increase of 24% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkmenistan ($7,064 per ton) and Bulgaria ($6,952 per ton), while the average price for exports to Spain ($4,727 per ton) and Poland ($5,350 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Turkey (CIF) - 2024
In February 2024, the average import price for winding wire, other than of coppers amounted to $4,005 per ton, waning by -4.9% against the previous month. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in December 2023 an increase of 7.5% month-to-month. The import price peaked at $7,675 per ton in February 2023; however, from March 2023 to February 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Italy ($40,499 per ton), while the price for China stood at $3,905 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Italy (+11.6%).
Exports of Winding Wire, Other than of Copper in Turkey
In 2022, exports of winding wire, other than of coppers from Turkey dropped slightly to 1.8K tons, falling by -1.5% on the previous year. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, the exports reached the peak of 1.9K tons, and then dropped slightly in the following year.
In value terms, exports of winding wire, other than of coppers soared to $11M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire, Other than of Copper in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,514 | 1,417 | 3,731 | 4,825 | 47.2% |
| Italy | 172 | 142 | 1,155 | 1,262 | 94.3% |
| Slovakia | 10.3 | 2.8 | 173 | 1,010 | 361.1% |
| Bulgaria | 421 | 392 | 391 | 763 | 21.9% |
| Romania | 140 | 270 | 311 | 470 | 49.7% |
| Germany | 94.1 | 280 | 429 | 328 | 51.6% |
| Turkmenistan | 9.1 | 178 | 134 | 293 | 218.1% |
| Serbia | 173 | 142 | 254 | 273 | 16.4% |
| North Macedonia | 70.4 | 35.3 | 72.6 | 220 | 46.2% |
| Lebanon | 616 | 558 | 809 | 196 | -31.7% |
| Czech Republic | 237 | 105 | 112 | 50.6 | -40.2% |
| Spain | 23.6 | 0.2 | 459 | 0.2 | -79.6% |
| Others | 1,350 | 771 | 933 | 1,027 | -8.7% |
| Total | 4,830 | 4,294 | 8,963 | 10,717 | 30.4% |
Top Export Markets for Winding Wire, Other than of Copper from Turkey in 2022:
- Poland (901.9 tons)
- Italy (214.4 tons)
- Slovakia (177.6 tons)
- Bulgaria (109.8 tons)
- Romania (77.5 tons)
- Germany (48.0 tons)
- Serbia (42.6 tons)
- Turkmenistan (41.5 tons)
- Lebanon (36.4 tons)
- North Macedonia (34.5 tons)
- Czech Republic (7.6 tons)
Imports of Winding Wire, Other than of Copper in Turkey
In 2022, imports of winding wire, other than of coppers into Turkey contracted sharply to 999 tons, with a decrease of -19.2% compared with 2021 figures. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year.
In value terms, imports of winding wire, other than of coppers expanded modestly to $5.8M in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
| Import of Winding Wire, Other than of Copper in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,685 | 1,651 | 5,056 | 3,008 | -6.5% |
| Italy | 48.6 | 2.1 | 25.4 | 1,900 | 239.4% |
| Egypt | 0.1 | 0.3 | 227 | 589 | 1705.9% |
| Germany | 1,332 | 1,145 | 139 | 120 | -55.2% |
| Spain | 470 | 104 | 1.5 | 8.9 | -73.3% |
| France | 903 | 1,007 | 11.3 | 3.3 | -84.6% |
| Sweden | 572 | 453 | 0.2 | N/A | -98.1% |
| Others | 419 | 210 | 165 | 196 | -22.4% |
| Total | 7,429 | 4,573 | 5,626 | 5,825 | -7.8% |
Top Suppliers of Winding Wire, Other than of Copper to Turkey in 2022:
- China (552.0 tons)
- Italy (316.5 tons)
- Egypt (121.4 tons)
- Germany (2.8 tons)
- France (0.5 tons)
- Spain (0.1 tons)
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