Australia - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Australia - 2023
Contents:
- Winding Wire Price in Australia (CIF) - 2022
- Winding Wire Price in Australia (FOB) - 2022
- Winding Wire Imports in Australia
- Winding Wire Exports in Australia
Winding Wire Price in Australia (CIF) - 2022
The average winding wire import price stood at $9,717 per ton in 2022, increasing by 12% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire import price increased by +45.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($28,329 per ton), while the price for China ($5,746 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Australia (FOB) - 2022
In 2022, the average winding wire export price amounted to $7,663 per ton, increasing by 42% against the previous year. Over the period under review, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2021 an increase of 99% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($36,733 per ton), while the average price for exports to Taiwan (Chinese) ($2,116 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 United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Imports in Australia
In 2022, supplies from abroad of winding wire for electrical purposes decreased by -2.3% to 2.7K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 39%. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, winding wire imports rose remarkably to $27M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Winding Wire in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.9 | 10.8 | 13.9 | 13.9 | 16.0% |
| China | 4.5 | 5.2 | 6.7 | 7.2 | 17.0% |
| United States | 0.7 | 0.7 | 1.4 | 2.3 | 48.7% |
| Malaysia | 0.9 | 0.9 | 1.2 | 2.0 | 30.5% |
| Others | 1.2 | 1.2 | 1.1 | 1.3 | 2.7% |
| Total | 16.2 | 18.8 | 24.3 | 26.6 | 18.0% |
Top Suppliers of Winding Wire to Australia in 2022:
- China (1248.7 tons)
- South Korea (1202.4 tons)
- Malaysia (140.4 tons)
- United States (79.5 tons)
Winding Wire Exports in Australia
For the third consecutive year, Australia recorded decline in shipments abroad of winding wire for electrical purposes, which decreased by -48.5% to 945 tons in 2022. Overall, exports showed a sharp descent. The smallest decline of -13.5% was in 2020.
In value terms, winding wire exports declined significantly to $7.2M in 2022. Over the period under review, exports saw a sharp downturn. The smallest decline of -6.3% was in 2020.
| Export of Winding Wire in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 1.1 | 0.9 | 0.9 | 1.4 | 8.4% |
| Thailand | 0.5 | 3.1 | 1.1 | 1.4 | 40.9% |
| New Zealand | 0.8 | 0.5 | 2.1 | 1.1 | 11.2% |
| United States | 0.1 | 0.2 | 0.1 | 0.8 | 100.0% |
| Malaysia | 4.8 | 9.2 | 2.7 | 0.7 | -47.4% |
| Hong Kong SAR | 1.7 | 0.1 | 0.5 | 0.2 | -51.0% |
| Taiwan (Chinese) | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| China | 1.5 | 0.4 | 0.6 | 0.1 | -59.5% |
| Nigeria | 4.5 | 2.1 | N/A | N/A | -53.3% |
| South Korea | 0.6 | 0.4 | N/A | N/A | -33.3% |
| India | 10.1 | 6.2 | 0.5 | N/A | -77.8% |
| Pakistan | 0.2 | 0.4 | N/A | N/A | 100.0% |
| Others | 1.6 | 2.0 | 1.4 | 1.5 | -2.1% |
| Total | 27.6 | 25.8 | 9.9 | 7.2 | -36.1% |
Top Export Markets for Winding Wire from Australia in 2022:
- Thailand (346.1 tons)
- Malaysia (192.1 tons)
- Papua New Guinea (121.4 tons)
- New Zealand (107.9 tons)
- Hong Kong SAR (40.1 tons)
- Taiwan (Chinese) (28.5 tons)
- United States (20.8 tons)
- China (12.9 tons)
- India (3.1 tons)
- South Korea (0.2 tons)
This report provides an in-depth analysis of the winding wire market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321100 - Winding wire for electrical purposes
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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