Copper Wire Price in Greece - 2023
Contents:
- Copper Wire Price in Greece (CIF) - 2023
- Copper Wire Price in Greece (FOB) - 2023
- Copper Wire Imports in Greece
- Copper Wire Exports in Greece
Copper Wire Price in Greece (CIF) - 2023
The average copper wire import price stood at $9,266 per ton in August 2023, almost unchanged from the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 8.9% m-o-m. As a result, import price reached the peak level of $10,081 per ton. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Italy ($11,179 per ton) and Turkey ($10,693 per ton), while the price for Egypt ($9,012 per ton) and France ($9,188 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in Greece (FOB) - 2023
In August 2023, the average copper wire export price amounted to $8,964 per ton, dropping by -2.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 46% month-to-month. Over the period under review, the average export prices hit record highs at $9,575 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($9,235 per ton), while the average price for exports to Bulgaria ($899 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Copper Wire Imports in Greece
In 2022, copper wire imports into Greece rose significantly to 14K tons, picking up by 5.2% against the previous year's figure. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, copper wire imports rose sharply to $141M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 199%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Copper Wire in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.2 | N/A | 45.4 | 56.4 | 555.8% |
| France | 36.4 | 19.3 | 30.9 | 45.8 | 8.0% |
| Egypt | N/A | 16.0 | 33.5 | 16.5 | 1.6% |
| Belgium | 0.7 | 1.3 | 8.1 | 13.3 | 166.8% |
| Turkey | 6.8 | 2.7 | 6.5 | 4.6 | -12.2% |
| Others | 2.0 | 3.3 | 3.1 | 4.1 | 27.0% |
| Total | 46.1 | 42.7 | 127 | 141 | 45.2% |
Top Suppliers of Copper Wire to Greece in 2022:
- Russia (5.6K tons)
- France (4.7K tons)
- Egypt (1.7K tons)
- Belgium (1.3K tons)
- Turkey (0.4K tons)
Copper Wire Exports in Greece
Copper wire exports from Greece reached 13K tons in 2022, leveling off at the previous year. The total export volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, copper wire exports rose slightly to $130M in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Copper Wire in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 57.5 | 57.9 | 119 | 120 | 27.8% |
| Italy | 1.7 | 1.2 | 2.8 | 2.5 | 13.7% |
| North Macedonia | N/A | N/A | N/A | 2.3 | 0% |
| Others | 3.6 | 2.9 | 5.8 | 5.9 | 17.9% |
| Total | 62.9 | 62.1 | 127 | 130 | 27.4% |
Top Export Markets for Copper Wire from Greece in 2022:
- Romania (12.2K tons)
- Italy (0.3K tons)
- North Macedonia (0.2K tons)
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