Copper Wire Price in the Czech Republic - 2023
Contents:
- Copper Wire Price in the Czech Republic (CIF) - 2023
- Copper Wire Price in the Czech Republic (FOB) - 2022
- Copper Wire Imports in the Czech Republic
- Copper Wire Exports in the Czech Republic
Copper Wire Price in the Czech Republic (CIF) - 2023
The average copper wire import price stood at $9,081 per ton in August 2023, declining by -3.9% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 27% month-to-month. The import price peaked at $10,064 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($9,203 per ton), while the price for Austria ($8,389 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 Poland (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in the Czech Republic (FOB) - 2022
In 2022, the average copper wire export price amounted to $10,994 per ton, surging by 11% against the previous year. Overall, the export price posted a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 93% against the previous year. As a result, the export price attained the peak level of $13,413 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Serbia ($14,643 per ton) and Slovakia ($11,329 per ton), while the average price for exports to Hungary ($10,156 per ton) and Poland ($10,423 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 Germany (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in the Czech Republic
In 2022, approx. 79K tons of copper wires were imported into the Czech Republic; with a decrease of -3.4% against 2021. The total import volume increased at an average annual rate of +1.1% over the period 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 with an increase of 9%. As a result, imports attained the peak of 82K tons, and then reduced slightly in the following year.
In value terms, copper wire imports reached $774M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +63.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Copper Wire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 312 | 342 | 489 | 520 | 18.6% |
| Germany | 134 | 99.8 | 200 | 186 | 11.5% |
| Austria | 19.3 | 16.6 | 37.2 | 31.6 | 17.9% |
| Italy | 6.8 | 8.6 | 12.7 | 20.8 | 45.2% |
| Others | 9.2 | 6.1 | 20.3 | 16.1 | 20.5% |
| Total | 481 | 473 | 759 | 774 | 17.2% |
Top Suppliers of Copper Wire to the Czech Republic in 2022:
- Poland (53.3K tons)
- Germany (18.7K tons)
- Austria (3.4K tons)
- Italy (2.0K tons)
Copper Wire Exports in the Czech Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of copper wires, when their volume decreased by -14.1% to 2.9K tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year.
In value terms, copper wire exports contracted to $32M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 164% against the previous year. As a result, the exports attained the peak of $34M, and then declined in the following year.
| Export of Copper Wire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 9.3 | 23.6 | 23.8 | 241.0% |
| Poland | 2.6 | 1.0 | 1.9 | 3.9 | 14.5% |
| Hungary | 0.4 | 0.7 | 3.9 | 1.7 | 62.0% |
| Slovakia | 1.2 | 0.6 | 3.1 | 0.9 | -9.1% |
| Others | 2.4 | 1.2 | 1.5 | 2.1 | -4.4% |
| Total | 7.3 | 12.8 | 33.9 | 32.3 | 64.2% |
Top Export Markets for Copper Wire from the Czech Republic in 2022:
- Germany (2205.9 tons)
- Poland (373.0 tons)
- Hungary (163.6 tons)
- Slovakia (80.0 tons)
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