Copper Wire Price in India - 2023
Contents:
- Copper Wire Price in India (CIF) - 2023
- Copper Wire Price in India (FOB) - 2023
- Copper Wire Imports in India
- Copper Wire Exports in India
Copper Wire Price in India (CIF) - 2023
In September 2023, the average copper wire import price amounted to $8,935 per ton, remaining constant against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 6% month-to-month. Over the period under review, average import prices attained the peak figure at $9,656 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were China ($10,953 per ton) and Malaysia ($9,052 per ton), while the price for the United Arab Emirates ($8,622 per ton) and Thailand ($8,863 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in India (FOB) - 2023
The average copper wire export price stood at $8,715 per ton in September 2023, flattening at the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 6.3% month-to-month. Over the period under review, the average export prices reached the maximum at $9,217 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In September 2023, the countries with the highest prices were Qatar ($9,218 per ton) and the United Arab Emirates ($8,796 per ton), while the average price for exports to Nepal ($8,536 per ton) and Sri Lanka ($8,602 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in India
Copper wire imports into India dropped to 104K tons in 2022, falling by -7% against 2021 figures. Overall, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
In value terms, copper wire imports declined slightly to $984M in 2022. In general, imports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 66%.
| Import of Copper Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 436 | 279 | 300 | 286 | -13.1% |
| Thailand | 192 | 126 | 238 | 204 | 2.0% |
| Malaysia | 411 | 42.7 | 174 | 177 | -24.5% |
| Japan | 52.2 | 70.9 | 86.9 | 79.5 | 15.1% |
| Singapore | 23.8 | 18.7 | 65.2 | 56.2 | 33.2% |
| China | 28.1 | 20.5 | 39.7 | 49.7 | 20.9% |
| South Korea | 17.2 | 15.7 | 51.7 | 45.4 | 38.2% |
| Indonesia | 101 | 0.4 | 0.7 | 28.7 | -34.3% |
| Vietnam | 216 | 0.4 | 1.6 | 1.9 | -79.4% |
| Others | 53.0 | 29.0 | 44.0 | 55.4 | 1.5% |
| Total | 1,530 | 603 | 1,001 | 984 | -13.7% |
Top Suppliers of Copper Wire to India in 2022:
- United Arab Emirates (32.0K tons)
- Malaysia (21.3K tons)
- Thailand (18.1K tons)
- Japan (11.0K tons)
- Singapore (5.3K tons)
- China (4.1K tons)
- Indonesia (3.7K tons)
- South Korea (3.7K tons)
- Vietnam (0.2K tons)
Copper Wire Exports in India
In 2022, approx. 14K tons of copper wires were exported from India; picking up by 5.3% against the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, copper wire exports reached $133M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Copper Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 6.7 | 21.6 | 70.8 | 83.3 | 131.7% |
| Sri Lanka | 3.6 | 7.5 | 12.1 | 14.4 | 58.7% |
| Nepal | 15.8 | 7.1 | 8.3 | 8.7 | -18.0% |
| Malaysia | 0.4 | 6.2 | 6.1 | 4.9 | 130.5% |
| Bangladesh | 0.8 | 1.2 | 3.2 | 3.2 | 58.7% |
| Others | 10.9 | 16.6 | 27.4 | 18.6 | 19.5% |
| Total | 38.2 | 60.2 | 128 | 133 | 51.6% |
Top Export Markets for Copper Wire from India in 2022:
- Qatar (8.8K tons)
- Sri Lanka (1.6K tons)
- Nepal (1.1K tons)
- Malaysia (0.5K tons)
- Bangladesh (0.4K tons)
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