Italy: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in Italy

In 2022, the Italian copper stranded wire market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption posted buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Copper Stranded Wire Production in Italy

In value terms, copper stranded wire production soared to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Copper Stranded Wire Exports

Exports from Italy

In 2022, overseas shipments of copper stranded wire, cables and plaited bands increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, copper stranded wire exports expanded rapidly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of copper stranded wire exports from Italy, together accounting for X% of total exports. The UK, Romania, Austria and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for copper stranded wire exported from Italy worldwide, with a combined X% share of total exports. The UK, Romania, Austria and Spain lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average copper stranded wire export price amounted to $X per ton, remaining constant against the previous year. In general, export price indicated a tangible expansion 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 export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and the Czech Republic ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Stranded Wire Imports

Imports into Italy

For the third consecutive year, Italy recorded growth in overseas purchases of copper stranded wire, cables and plaited bands, which increased by X% to X tons in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, copper stranded wire imports expanded sharply to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest copper stranded wire supplier to Italy, accounting for a X% share of total imports. Moreover, copper stranded wire imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Bulgaria (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The average copper stranded wire import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Turkey ($X per ton), while the price for Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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