Copper Wire Price in Germany - 2023
Contents:
- Copper Wire Price in Germany (FOB) - 2023
- Copper Wire Price in Germany (CIF) - 2023
- Copper Wire Exports in Germany
- Copper Wire Imports in Germany
Copper Wire Price in Germany (FOB) - 2023
The average copper wire export price stood at $9,813 per ton in August 2023, with an increase of 3.8% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in April 2023 an increase of 5.9% against the previous month. As a result, the export price attained the peak level of $10,110 per ton. From May 2023 to August 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In August 2023, the highest price was recorded for prices to Switzerland ($10,586 per ton) and the Czech Republic ($10,127 per ton), while the average price for exports to the Netherlands ($8,262 per ton) and Poland ($8,959 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 Serbia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Germany (CIF) - 2023
The average copper wire import price stood at $9,709 per ton in August 2023, picking up by 3.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 11% m-o-m. The import price peaked at $10,110 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($17,597 per ton), while the price for Hungary ($8,448 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 Austria (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Germany
In 2022, shipments abroad of copper wires decreased by -10.2% to 325K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports attained the peak of 377K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, copper wire exports dropped to $3.4B in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $3.5B, and then contracted in the following year.
| Export of Copper Wire in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 246 | 259 | 458 | 464 | 23.6% |
| Italy | 323 | 463 | 363 | 462 | 12.7% |
| Austria | 252 | 241 | 300 | 376 | 14.3% |
| Serbia | 121 | 129 | 224 | 272 | 31.0% |
| Czech Republic | 132 | 112 | 225 | 172 | 9.2% |
| Romania | 83.2 | 250 | 460 | 169 | 26.6% |
| Finland | 73.9 | 97.0 | 152 | 152 | 27.2% |
| Switzerland | 92.1 | 109 | 157 | 138 | 14.4% |
| Netherlands | 102 | 103 | 138 | 128 | 7.9% |
| Slovakia | 54.2 | 69.6 | 114 | 122 | 31.1% |
| France | 69.8 | 69.4 | 117 | 119 | 19.5% |
| United Kingdom | 47.5 | 37.5 | 53.9 | 71.1 | 14.4% |
| Croatia | 29.9 | 35.1 | 49.6 | 67.8 | 31.4% |
| Others | 541 | 534 | 713 | 646 | 6.1% |
| Total | 2,166 | 2,509 | 3,525 | 3,358 | 15.7% |
Top Export Markets for Copper Wire from Germany in 2022:
- Poland (46.1K tons)
- Italy (45.6K tons)
- Austria (37.8K tons)
- Serbia (28.7K tons)
- Romania (16.8K tons)
- Czech Republic (16.6K tons)
- Finland (15.3K tons)
- Netherlands (13.3K tons)
- Switzerland (12.4K tons)
- Slovakia (11.5K tons)
- France (11.2K tons)
- Croatia (6.7K tons)
- United Kingdom (6.3K tons)
Copper Wire Imports in Germany
Copper wire imports into Germany declined to 84K tons in 2022, with a decrease of -10.3% compared with the previous year's figure. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 93K tons, and then dropped in the following year.
In value terms, copper wire imports declined modestly to $869M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +63.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. As a result, imports reached the peak of $902M, and then shrank modestly in the following year.
| Import of Copper Wire in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 114 | 104 | 165 | 201 | 20.8% |
| Belgium | 94.1 | 90.2 | 165 | 132 | 11.9% |
| Italy | 69.8 | 62.7 | 118 | 103 | 13.8% |
| Spain | 7.8 | 41.0 | 71.9 | 86.3 | 122.8% |
| Austria | 14.1 | 21.0 | 54.4 | 77.7 | 76.6% |
| France | 63.3 | 44.3 | 58.2 | 53.1 | -5.7% |
| Turkey | 13.1 | 12.7 | 33.6 | 44.7 | 50.5% |
| China | 22.1 | 14.2 | 38.9 | 43.5 | 25.3% |
| Sweden | 171 | 109 | 130 | 37.4 | -39.7% |
| Vietnam | 0.9 | 3.4 | 11.6 | 26.0 | 206.8% |
| Others | 39.5 | 30.8 | 54.8 | 64.9 | 18.0% |
| Total | 610 | 533 | 902 | 869 | 12.5% |
Top Suppliers of Copper Wire to Germany in 2022:
- Poland (20.6K tons)
- Belgium (13.8K tons)
- Italy (10.4K tons)
- Spain (8.7K tons)
- Austria (6.0K tons)
- France (4.5K tons)
- China (3.9K tons)
- Turkey (3.8K tons)
- Sweden (3.8K tons)
- Vietnam (2.8K tons)
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