Copper Wire Price in Luxembourg - 2023

Contents:

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

Copper Wire Price in Luxembourg (CIF) - 2022

The average copper wire import price stood at $8,264 per ton in 2022, reducing by -20.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 74%. Over the period under review, average import prices reached the maximum at $10,432 per ton in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($13,717 per ton), while the price for Belgium ($3,320 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Price in Luxembourg (FOB) - 2022

In 2022, the average copper wire export price amounted to $13,164 per ton, surging by 12% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by +21.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($19,685 per ton), while the average price for exports to the UK ($4,500 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 Poland (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports in Luxembourg

In 2022, the amount of copper wires imported into Luxembourg skyrocketed to 184 tons, increasing by 87% compared with the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports skyrocketed to $1.5M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +93.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper Wire to Luxembourg in 2022:

1. Belgium (76.6 tons)
2. Japan (29.7 tons)
3. Netherlands (18.9 tons)
4. France (18.1 tons)
5. Germany (15.6 tons)
6. Spain (15.0 tons)
7. Italy (10.2 tons)

Copper Wire Exports in Luxembourg

In 2022, the amount of copper wires exported from Luxembourg rose sharply to 72 tons, picking up by 5.6% against 2021 figures. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper wire exports surged to $947K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Copper Wire from Luxembourg in 2022:

1. France (51.0 tons)
2. United Kingdom (5.2 tons)
3. Germany (4.4 tons)
4. Italy (1.7 tons)
5. Turkey (1.5 tons)
6. Poland (1.3 tons)
7. Belgium (1.2 tons)

Source: IndexBox Market Intelligence Platform