Copper Wire Price in Switzerland - 2023
Contents:
- Copper Wire Price in Switzerland (CIF) - 2023
- Copper Wire Price in Switzerland (FOB) - 2022
- Copper Wire Imports in Switzerland
- Copper Wire Exports in Switzerland
Copper Wire Price in Switzerland (CIF) - 2023
In September 2023, the average copper wire import price amounted to $9,335 per ton, dropping by -1.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 6.6% month-to-month. Over the period under review, average import prices reached the maximum at $10,190 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Germany ($10,083 per ton) and Turkey ($9,708 per ton), while the price for Poland ($8,594 per ton) and Belgium ($8,851 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 Germany (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in Switzerland (FOB) - 2022
The average copper wire export price stood at $16,981 per ton in 2022, dropping by -9.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $22,244 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22,296 per ton), while the average price for exports to the Netherlands ($8,502 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 the Czech Republic (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in Switzerland
After three years of growth, overseas purchases of copper wires decreased by -1% to 41K tons in 2022. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 8%.
In value terms, copper wire imports contracted slightly to $398M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of $408M, and then dropped modestly in the following year.
| Import of Copper Wire in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 89.9 | 108 | 159 | 133 | 13.9% |
| Poland | 52.4 | 54.3 | 87.5 | 103 | 25.3% |
| France | 47.7 | 50.8 | 58.4 | 70.7 | 14.0% |
| Belgium | 41.0 | 37.5 | 67.0 | 65.2 | 16.7% |
| Turkey | 6.2 | 4.8 | 6.8 | 8.8 | 12.4% |
| Italy | 4.6 | 2.7 | 8.4 | 7.0 | 15.0% |
| Others | 8.8 | 9.1 | 21.0 | 9.8 | 3.7% |
| Total | 251 | 267 | 408 | 398 | 16.6% |
Top Suppliers of Copper Wire to Switzerland in 2022:
- Germany (12.8K tons)
- Poland (11.3K tons)
- France (7.5K tons)
- Belgium (6.9K tons)
- Turkey (0.8K tons)
- Italy (0.7K tons)
Copper Wire Exports in Switzerland
In 2022, approx. 1K tons of copper wires were exported from Switzerland; picking up by 49% on 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, copper wire exports soared to $17M in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 75% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Copper Wire in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.1 | 3.2 | 5.1 | 6.1 | 25.3% |
| France | 2.2 | 0.9 | 1.4 | 2.9 | 9.6% |
| Belgium | 0.4 | 0.1 | 0.2 | 1.8 | 65.1% |
| United States | 0.4 | 1.3 | 0.8 | 1.7 | 62.0% |
| India | 0.1 | 0.3 | 2.4 | 1.4 | 141.0% |
| Italy | 0.1 | 0.2 | 0.4 | 0.9 | 108.0% |
| Netherlands | N/A | N/A | N/A | 0.3 | 0% |
| Austria | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Peru | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Others | 1.1 | 1.3 | 1.9 | 2.0 | 22.1% |
| Total | 8.1 | 7.4 | 12.9 | 17.5 | 29.3% |
Top Export Markets for Copper Wire from Switzerland in 2022:
- Germany (337.6 tons)
- France (147.5 tons)
- Belgium (139.2 tons)
- India (101.5 tons)
- United States (77.9 tons)
- Italy (71.5 tons)
- Netherlands (41.1 tons)
- Austria (13.0 tons)
- Peru (12.2 tons)
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