Copper Wire Price in Egypt - 2023

Contents:

1. Copper Wire Price in Egypt (FOB) - 2022
2. Copper Wire Price in Egypt (CIF) - 2023
3. Copper Wire Exports in Egypt
4. Copper Wire Imports in Egypt

Copper Wire Price in Egypt (FOB) - 2022

The average copper wire export price stood at $9,522 per ton in 2021, with an increase of 52% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $9,907 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Turkey ($9,761 per ton) and Jordan ($9,481 per ton), while the average price for exports to Sudan ($9,429 per ton) and Greece ($9,429 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+81.7%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Price in Egypt (CIF) - 2023

In July 2023, the average copper wire import price amounted to $9,543 per ton, remaining stable against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 6.6% m-o-m. As a result, import price attained the peak level of $10,111 per ton. From November 2022 to July 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was China ($13,991 per ton), while the price for Germany ($9,396 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Exports in Egypt

Copper wire exports from Egypt amounted to 44K tons in 2022, picking up by 6.4% against 2021 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 96% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, copper wire exports expanded sharply to $435M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 198%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Copper Wire from Egypt in 2022:

1. Saudi Arabia (14.2K tons)
2. Turkey (6.2K tons)
3. Lebanon (4.3K tons)
4. Algeria (3.7K tons)
5. Greece (3.3K tons)
6. China (2.6K tons)
7. Sudan (1.8K tons)
8. Jordan (0.7K tons)
9. Ethiopia (0.1K tons)

Copper Wire Imports in Egypt

In 2022, the amount of copper wires imported into Egypt surged to 10K tons, growing by 22% on 2021 figures. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year.

In value terms, copper wire imports skyrocketed to $98M in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 157%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Copper Wire to Egypt in 2022:

1. Russia (3.8K tons)
2. United Arab Emirates (1.9K tons)
3. Belgium (1.8K tons)
4. Germany (0.5K tons)
5. China (0.1K tons)

Source: IndexBox Market Intelligence Platform