Global Copper Wire Market 2024

Copper Wire Market Size

In 2022, the global copper wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Copper Wire Production

In value terms, copper wire production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Copper Wire Exports

Exports

In 2022, global copper wire exports shrank modestly to X tons, therefore, remained relatively stable against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, copper wire exports contracted slightly to $X in 2022. Overall, total exports indicated a perceptible 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The United Arab Emirates (X tons) and Germany (X tons) represented the key exporters of copper wire in 2022, resulting at near X% and X% of total exports, respectively. Belgium (X tons) held the next position in the ranking, followed by Canada (X tons), Poland (X tons), the United States (X tons) and Spain (X tons). All these countries together held near X% share of total exports. Malaysia (X tons), Thailand (X tons), France (X tons), Russia (X tons), Turkey (X tons) and Sweden (X tons) took a relatively small share of total exports.

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

In value terms, the largest copper wire supplying countries worldwide were the United Arab Emirates ($X), Germany ($X) and Belgium ($X), together accounting for X% of global exports. Canada, the United States, Poland, Spain, Malaysia, Thailand, Russia, Turkey, France and Sweden lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average copper wire export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, export price indicated a slight 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 wire export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Germany ($X per ton), while Sweden ($X per ton) and France ($X per ton) were amongst the lowest.

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

Copper Wire Imports

Imports

In 2022, the amount of copper wire imported worldwide fell modestly to X tons, which is down by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, copper wire imports contracted modestly to $X in 2022. In general, total imports indicated tangible growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, the United States (X tons), followed by Italy (X tons) were the major importers of copper wire, together committing X% of total imports. Mexico (X tons), India (X tons), China (X tons), Germany (X tons), Turkey (X tons), Morocco (X tons), Romania (X tons), Vietnam (X tons), the Czech Republic (X tons), France (X tons) and Poland (X tons) followed a long way behind the leaders.

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

In value terms, the United States ($X), Italy ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. China, India, Germany, Vietnam, Turkey, Morocco, Romania, the Czech Republic, France and Poland lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper wire import price amounted to $X per ton, approximately equating the previous year. Over the period under review, import price indicated a slight 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 wire import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and the United States ($X per ton), while Italy ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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