Copper Wire Price in Uruguay - 2022
Contents:
Copper Wire Price in Uruguay (CIF) - 2022
In 2022, the average copper wire import price amounted to $9,565 per ton, falling by -3.3% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +48.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 46% against the previous year. As a result, import price attained the peak level of $9,894 per ton, and then reduced modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($10,018 per ton), while the price for Brazil stood at $9,518 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.8%).
Copper Wire Imports in Uruguay
Copper wire imports into Uruguay stood at 2.5K tons in 2022, increasing by 15% on 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, copper wire imports rose significantly to $24M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +73.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Copper Wire in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.9 | 12.5 | 20.0 | 22.5 | 23.7% |
| Chile | 1.8 | 1.0 | 1.3 | 1.3 | -10.3% |
| Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Total | 13.9 | 13.8 | 21.6 | 23.9 | 19.8% |
Top Suppliers of Copper Wire to Uruguay in 2022:
- Brazil (2358.8 tons)
- Chile (129.5 tons)
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