Copper Wire Price in Hungary - 2023

Contents:

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

Copper Wire Price in Hungary (CIF) - 2023

In August 2023, the average copper wire import price amounted to $9,597 per ton, surging by 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 an increase of 12% against the previous month. Over the period under review, average import prices attained the peak figure at $10,216 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($16,434 per ton), while the price for Poland ($8,878 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 Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Hungary (FOB) - 2022

The average copper wire export price stood at $11,908 per ton in 2022, increasing by 4.4% against the previous year. Over the period under review, the export price saw a noticeable expansion. The growth pace was the most rapid in 2014 an increase of 130%. Over the period under review, the average export prices reached the peak figure at $40,287 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($60,965 per ton), while the average price for exports to Austria ($7,654 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports in Hungary

Copper wire imports into Hungary contracted modestly to 55K tons in 2022, with a decrease of -4.8% against the year before. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 58K tons, and then contracted in the following year.

In value terms, copper wire imports declined to $508M in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports reached the peak of $531M, and then shrank in the following year.

Top Suppliers of Copper Wire to Hungary in 2022:

1. Italy (28.4K tons)
2. Poland (16.4K tons)
3. Germany (7.5K tons)
4. Turkey (1.2K tons)

Copper Wire Exports in Hungary

In 2022, approx. 259 tons of copper wires were exported from Hungary; growing by 10% on 2021 figures. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper wire exports reached $3.1M in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper Wire from Hungary in 2022:

1. Germany (157.8 tons)
2. Romania (49.1 tons)
3. Austria (13.7 tons)
4. Slovakia (10.6 tons)
5. Poland (7.7 tons)
6. Serbia (3.7 tons)
7. Italy (1.9 tons)

Source: IndexBox Market Intelligence Platform