South Africa: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in South Africa

The South African copper stranded wire market rose slightly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Copper Stranded Wire Production in South Africa

In value terms, copper stranded wire production totaled $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. Copper stranded wire production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Copper Stranded Wire Exports

Exports from South Africa

In 2022, the amount of copper stranded wire, cables and plaited bands exported from South Africa reduced rapidly to X tons, waning by X% against 2021. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper stranded wire exports dropped remarkably to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lesotho (X tons), Swaziland (X tons) and Namibia (X tons) were the main destinations of copper stranded wire exports from South Africa, together accounting for X% of total exports.

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

In value terms, Zambia ($X), Swaziland ($X) and Zimbabwe ($X) were the largest markets for copper stranded wire exported from South Africa worldwide, with a combined X% share of total exports.

Zambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average copper stranded wire export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated a pronounced 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 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Lesotho ($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 Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Stranded Wire Imports

Imports into South Africa

In 2022, the amount of copper stranded wire, cables and plaited bands imported into South Africa shrank modestly to X tons, flattening at the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, copper stranded wire imports stood at $X in 2022. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Zambia (X tons) and Spain (X tons) were the main suppliers of copper stranded wire imports to South Africa, with a combined X% share of total imports.

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

In value terms, the largest copper stranded wire suppliers to South Africa were India ($X), Zambia ($X) and Spain ($X), together accounting for X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper stranded wire import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate tangible growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum 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 UK ($X per ton), while the price for Zambia ($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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