Copper Wire Price in South Africa - 2023
Contents:
- Copper Wire Price in South Africa (CIF) - 2023
- Copper Wire Price in South Africa (FOB) - 2022
- Copper Wire Imports in South Africa
- Copper Wire Exports in South Africa
Copper Wire Price in South Africa (CIF) - 2023
In September 2023, the average copper wire import price amounted to $8,589 per ton, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in November 2022 an increase of 6.7% against the previous month. Over the period under review, average import prices attained the maximum at $9,152 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Turkey ($9,194 per ton) and Zambia ($8,946 per ton), while the price for India ($8,098 per ton) and Malaysia ($8,243 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 Belgium (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in South Africa (FOB) - 2022
In 2022, the average copper wire export price amounted to $8,340 per ton, almost unchanged from the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by +36.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Zimbabwe ($9,699 per ton) and Swaziland ($9,596 per ton), while the average price for exports to Democratic Republic of the Congo ($7,138 per ton) and the United Arab Emirates ($7,980 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+115.9%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in South Africa
Copper wire imports into South Africa declined to 51K tons in 2022, waning by -12.5% against the previous year. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year.
In value terms, copper wire imports dropped remarkably to $438M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +52.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 89%. As a result, imports attained the peak of $545M, and then dropped notably in the following year.
| Import of Copper Wire in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 112 | 43.0 | 263 | 233 | 27.7% |
| Russia | 145 | 165 | 165 | 70.0 | -21.6% |
| Belgium | 47.4 | 24.7 | 36.1 | 57.2 | 6.5% |
| Zambia | 17.5 | 13.6 | 25.1 | 21.9 | 7.8% |
| Turkey | 14.9 | 13.1 | 18.3 | 18.5 | 7.5% |
| United States | 0.2 | 13.4 | 3.0 | 10.1 | 269.6% |
| South Korea | 1.8 | 3.1 | 8.5 | 8.1 | 65.1% |
| Germany | 15.1 | 5.5 | 9.1 | 6.7 | -23.7% |
| Others | 12.1 | 6.7 | 17.2 | 13.1 | 2.7% |
| Total | 366 | 288 | 545 | 438 | 6.2% |
Top Suppliers of Copper Wire to South Africa in 2022:
- United Arab Emirates (25.7K tons)
- Russia (10.1K tons)
- Belgium (6.4K tons)
- Zambia (2.3K tons)
- Turkey (1.9K tons)
- United States (1.0K tons)
- South Korea (0.8K tons)
- Germany (0.7K tons)
Copper Wire Exports in South Africa
In 2022, overseas shipments of copper wires were finally on the rise to reach 2.1K tons after two years of decline. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, copper wire exports skyrocketed to $18M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper Wire in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | N/A | N/A | 6.5 | 48.1% |
| United Arab Emirates | N/A | N/A | N/A | 6.0 | 0% |
| Swaziland | 0.3 | 0.1 | 0.2 | 2.8 | 110.5% |
| Zimbabwe | 0.8 | 0.6 | 0.8 | 0.9 | 4.0% |
| Botswana | 0.2 | 0.1 | 0.1 | 0.7 | 51.8% |
| Democratic Republic of the Congo | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Zambia | 1.9 | 0.1 | 0.2 | 0.2 | -52.8% |
| South Korea | 0.4 | N/A | N/A | N/A | 0% |
| Belgium | 2.1 | 2.7 | 2.4 | N/A | 6.9% |
| Others | 0.9 | 1.3 | 1.2 | 0.5 | -17.8% |
| Total | 8.9 | 5.1 | 5.2 | 17.9 | 26.2% |
Top Export Markets for Copper Wire from South Africa in 2022:
- China (784.4 tons)
- United Arab Emirates (747.9 tons)
- Swaziland (287.2 tons)
- Zimbabwe (96.4 tons)
- Botswana (78.7 tons)
- Democratic Republic of the Congo (46.9 tons)
- Zambia (28.3 tons)
852
This report provides an in-depth analysis of the copper wire market in South Africa.
320
This report provides an in-depth analysis of the market for copper bars, wire and plates in South Africa.
519
This report provides an in-depth analysis of the global copper wire market.
418
This report provides an in-depth analysis of the global market for copper bars, wire and plates.
852
This report provides an in-depth analysis of the copper wire market in South Africa.
519
This report provides an in-depth analysis of the global copper wire market.
256
The growth rate of Copper Wire was particularly strong in November 2022 with a significant increase of 170% compared to the previous month. In terms of value, imports of copper wire decreased significantly to $54M in July 2023.
243
Explore the top import markets for copper wire, including the United States, Italy, Mexico, China, and more. Discover key statistics and import values using IndexBox market intelligence.
311
Explore the top import markets for copper bars, wire, and plates, including the United States, China, Italy, Germany, and more. Discover key statistics and import values from 2022. Find growth opportunities in the global copper industry.
256
The growth rate of Copper Wire was particularly strong in November 2022 with a significant increase of 170% compared to the previous month. In terms of value, imports of copper wire decreased significantly to $54M in July 2023.
243
Explore the top import markets for copper wire, including the United States, Italy, Mexico, China, and more. Discover key statistics and import values using IndexBox market intelligence.
