Copper Wire Price in Belgium - 2023

Contents:

1. Copper Wire Price in Belgium (FOB) - 2023
2. Copper Wire Price in Belgium (CIF) - 2023
3. Copper Wire Exports in Belgium
4. Copper Wire Imports in Belgium

Copper Wire Price in Belgium (FOB) - 2023

In August 2023, the average copper wire export price amounted to $9,302 per ton, stabilizing at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 5.2% against the previous month. The export price peaked at $9,879 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In August 2023, the highest price was recorded for prices to Germany ($11,039 per ton) and Switzerland ($9,344 per ton), while the average price for exports to the UK ($9,055 per ton) and Romania ($9,196 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Price in Belgium (CIF) - 2023

In August 2023, the average copper wire import price amounted to $2,185 per ton, with an increase of 55% against the previous month. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in April 2023 an increase of 391% against the previous month. As a result, import price reached the peak level of $10,788 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($9,693 per ton), while the price for France ($1,476 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Exports in Belgium

Copper wire exports from Belgium reached 209K tons in 2022, with an increase of 3.6% against 2021. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, copper wire exports rose significantly to $2.1B in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Copper Wire from Belgium in 2022:

1. France (43.9K tons)
2. Morocco (40.7K tons)
3. Romania (26.7K tons)
4. United Kingdom (26.6K tons)
5. Netherlands (23.2K tons)
6. Germany (9.3K tons)
7. Italy (8.7K tons)
8. Switzerland (7.0K tons)
9. South Africa (6.5K tons)

Copper Wire Imports in Belgium

After three years of growth, overseas purchases of copper wires decreased by -77.4% to 13K tons in 2022. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of 57K tons, and then dropped significantly in the following year.

In value terms, copper wire imports dropped sharply to $119M in 2022. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $331M, and then reduced markedly in the following year.

Top Suppliers of Copper Wire to Belgium in 2022:

1. Germany (7.2K tons)
2. France (3.4K tons)
3. Spain (0.8K tons)
4. Turkey (0.5K tons)
5. Netherlands (0.4K tons)

Source: IndexBox Market Intelligence Platform