Copper Wire Price in Italy - 2023

Copper Wire Price in Italy (CIF) - 2023

In August 2023, the average copper wire import price amounted to $8,971 per ton, increasing by 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in January 2023 an increase of 9.3% m-o-m. Over the period under review, average import prices reached the peak figure at $9,721 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Turkey ($10,452 per ton) and Sweden ($9,580 per ton), while the price for Spain ($8,296 per ton) and Egypt ($8,955 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 Germany (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Italy (FOB) - 2023

In August 2023, the average copper wire export price amounted to $10,003 per ton, surging by 4% against the previous month. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in April 2023 an increase of 5.8% against the previous month. As a result, the export price reached the peak level of $10,102 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($13,532 per ton), while the average price for exports to Albania ($7,662 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 France (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports in Italy

In 2022, the amount of copper wires imported into Italy stood at 148K tons, surging by 2.8% against the year before. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper wire imports expanded significantly to $1.4B in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Copper Wire in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	378	573	603	712	23.5%
Spain	196	154	300	321	17.9%
Turkey	81.2	73.0	131	128	16.4%
France	60.7	50.7	102	99.8	18.0%
Belgium	29.6	39.2	83.4	59.9	26.5%
Bulgaria	3.4	9.1	15.7	31.2	109.4%
Others	53.8	34.0	98.8	60.2	3.8%
Total	803	932	1,333	1,412	20.7%

Top Suppliers of Copper Wire to Italy in 2022:

Germany (75.0K tons)
Spain (34.5K tons)
France (12.2K tons)
Turkey (11.6K tons)
Belgium (6.0K tons)
Bulgaria (3.2K tons)

Copper Wire Exports in Italy

In 2022, copper wire exports from Italy dropped to 50K tons, declining by -13.6% on the previous year. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 26%.

In value terms, copper wire exports fell to $508M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. As a result, the exports attained the peak of $555M, and then dropped in the following year.

Export of Copper Wire in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	44.0	39.0	82.1	105	33.6%
France	41.3	36.5	63.1	69.1	18.7%
Croatia	26.1	8.2	57.8	61.9	33.4%
Bosnia and Herzegovina	18.4	21.1	49.1	56.8	45.6%
Germany	37.5	29.9	60.8	47.2	8.0%
Slovakia	30.7	23.1	50.9	42.9	11.8%
Tunisia	69.7	51.7	32.6	35.7	-20.0%
Czech Republic	13.7	10.9	13.8	15.9	5.1%
Romania	66.4	44.3	22.2	8.6	-49.4%
Serbia	20.8	7.6	10.0	0.1	-83.1%
Others	48.1	32.9	112	64.9	10.5%
Total	417	305	555	508	6.8%