Copper Wire Price in Poland - 2023

Contents:

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

Copper Wire Price in Poland (FOB) - 2023

The average copper wire export price stood at $9,237 per ton in August 2023, almost unchanged from the previous month. Overall, the export price, however, recorded mild growth. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 9.3% month-to-month. The export price peaked at $9,718 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In August 2023, the highest price was recorded for prices to Slovakia ($9,734 per ton) and Austria ($9,326 per ton), while the average price for exports to Switzerland ($8,883 per ton) and Romania ($9,157 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Price in Poland (CIF) - 2023

In August 2023, the average copper wire import price amounted to $8,939 per ton, falling by -1.7% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 13% m-o-m. Over the period under review, average import prices reached the maximum at $9,694 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($10,651 per ton), while the price for Germany ($8,825 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 Turkey (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Exports in Poland

In 2022, copper wire exports from Poland dropped to 169K tons, remaining stable against the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of 170K tons, leveling off in the following year.

In value terms, copper wire exports stood at $1.7B in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper Wire from Poland in 2022:

1. Czech Republic (53.8K tons)
2. Hungary (47.4K tons)
3. Germany (30.2K tons)
4. Switzerland (12.0K tons)
5. Austria (8.6K tons)
6. Slovakia (5.9K tons)
7. Romania (3.9K tons)

Copper Wire Imports in Poland

In 2022, imports of copper wires into Poland dropped to 66K tons, declining by -4.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of 69K tons, and then declined modestly in the following year.

In value terms, copper wire imports amounted to $642M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Copper Wire to Poland in 2022:

1. Germany (48.2K tons)
2. Sweden (13.1K tons)
3. Turkey (1.2K tons)
4. Russia (0.4K tons)

Source: IndexBox Market Intelligence Platform