Copper Wire Price in Israel - 2023

Contents:

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

Copper Wire Price in Israel (CIF) - 2022

The average copper wire import price stood at $10,822 per ton in 2022, picking up by 8.4% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by +44.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($14,744 per ton) and Germany ($13,758 per ton), while the price for Russia ($9,966 per ton) and Belgium ($10,405 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Israel (FOB) - 2022

The average copper wire export price stood at $6,834 per ton in 2022, shrinking by -20.6% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $11,284 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.3% per year.

Copper Wire Imports in Israel

In 2022, approx. 12K tons of copper wires were imported into Israel; surging by 11% compared with the previous year. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports surged to $135M in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Copper Wire to Israel in 2022:

1. Turkey (9.6K tons)
2. Russia (1.3K tons)
3. United States (0.8K tons)
4. Spain (0.4K tons)
5. Germany (0.2K tons)

Copper Wire Exports in Israel

For the third year in a row, Israel recorded decline in overseas shipments of copper wires, which decreased by -43.5% to 29 tons in 2022. Overall, exports recorded a precipitous decline. The smallest decline of -8.5% was in 2021.

In value terms, copper wire exports fell significantly to $201K in 2022. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.8% against the previous year.

Top Export Markets for Copper Wire from Israel in 2022:

1. Philippines (undefined tons)
2. Turkey (28.5 tons)

Source: IndexBox Market Intelligence Platform