Australia: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in Australia

The Australian copper stranded wire market reduced to $X in 2022, declining by X% against the previous year. In general, consumption saw a perceptible curtailment. Copper stranded wire consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Copper Stranded Wire Production in Australia

In value terms, copper stranded wire production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Copper stranded wire production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Copper Stranded Wire Exports

Exports from Australia

In 2022, shipments abroad of copper stranded wire, cables and plaited bands decreased by X% to X tons, falling for the fifth consecutive year after six years of growth. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, copper stranded wire exports reduced sharply to $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Papua New Guinea (X tons) were the main destinations of copper stranded wire exports from Australia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper stranded wire exported from Australia were New Zealand ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper stranded wire export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded a slight increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Thailand ($X 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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Stranded Wire Imports

Imports into Australia

In 2022, approx. X tons of copper stranded wire, cables and plaited bands were imported into Australia; dropping by X% on 2021. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, copper stranded wire imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of copper stranded wire to Australia, with a X% share of total imports. Moreover, copper stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of copper stranded wire, cables and plaited bands to Australia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Belgium (X% per year).

Import Prices by Country

The average copper stranded wire import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper stranded wire import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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