Copper Wire Price in Sweden - 2023

Contents:

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

Copper Wire Price in Sweden (FOB) - 2023

The average copper wire export price stood at $8,315 per ton in August 2023, with a decrease of -2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 an increase of 8.5% m-o-m. Over the period under review, the average export prices hit record highs at $8,657 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Lithuania ($11,294 per ton), while the average price for exports to Austria ($4,216 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 Lithuania (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Price in Sweden (CIF) - 2023

The average copper wire import price stood at $9,584 per ton in August 2023, shrinking by -5.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $10,183 per ton, and then declined in the following month.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Germany ($10,435 per ton) and France ($9,693 per ton), while the price for Italy ($7,435 per ton) and Denmark ($8,919 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 (+2.0%), while the prices for the other major suppliers experienced a decline.

Copper Wire Exports in Sweden

In 2022, copper wire exports from Sweden reached 78K tons, rising by 14% against the previous year's figure. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire exports rose modestly to $650M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +49.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Copper Wire from Sweden in 2022:

1. Germany (24.0K tons)
2. Poland (17.7K tons)
3. Finland (8.9K tons)
4. Austria (7.2K tons)
5. Lithuania (6.1K tons)
6. Norway (5.8K tons)
7. Italy (4.4K tons)
8. United Kingdom (1.0K tons)

Copper Wire Imports in Sweden

In 2022, supplies from abroad of copper wires decreased by -20.9% to 12K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible decline. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper wire imports declined to $118M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +37.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year.

Top Suppliers of Copper Wire to Sweden in 2022:

1. Poland (undefinedK tons)
2. Germany (5.3K tons)
3. France (4.9K tons)
4. Italy (1.0K tons)

Source: IndexBox Market Intelligence Platform