Price for Winding Wire of Copper in Australia - 2023
Contents:
- Price for Winding Wire of Copper in Australia (CIF) - 2022
- Price for Winding Wire of Copper in Australia (FOB) - 2023
- Imports of Winding Wire of Copper in Australia
- Exports of Winding Wire of Copper in Australia
Price for Winding Wire of Copper in Australia (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $12,731 per ton, surging by 11% against the previous year. Overall, the import price posted a temperate expansion. The pace of growth was the most pronounced in 2017 an increase of 52%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($29,587 per ton), while the price for China ($10,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Australia (FOB) - 2023
The average winding wire of copper export price stood at $3,787 per ton in July 2023, which is down by -48.1% against the previous month. In general, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 142% m-o-m. The export price peaked at $11,236 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($15,927 per ton), while the average price for exports to Malaysia ($1,723 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Australia
In 2022, approx. 1.6K tons of winding wire of coppers were imported into Australia; almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 27%. As a result, imports attained the peak of 1.6K tons; afterwards, it flattened through to 2022.
In value terms, winding wire of copper imports stood at $20M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Winding Wire of Copper in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.9 | 10.7 | 13.9 | 13.7 | 15.5% |
| Malaysia | 0.9 | 0.9 | 1.2 | 2.0 | 30.5% |
| United States | 0.5 | 0.5 | 1.1 | 1.9 | 56.0% |
| China | 1.6 | 0.7 | 0.7 | 1.2 | -9.1% |
| India | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Others | 0.6 | 0.6 | 0.5 | 0.7 | 5.3% |
| Total | 12.6 | 13.5 | 17.6 | 19.8 | 16.3% |
Top Suppliers of Winding Wire of Copper to Australia in 2022:
- South Korea (1179.2 tons)
- Malaysia (140.4 tons)
- China (115.4 tons)
- United States (64.4 tons)
- India (25.6 tons)
Exports of Winding Wire of Copper in Australia
In 2022, approx. 858 tons of winding wire of coppers were exported from Australia; dropping by -43% compared with 2021 figures. Overall, exports faced a sharp slump. The smallest decline of -30.4% was in 2020.
In value terms, winding wire of copper exports shrank to $6.1M in 2022. In general, exports recorded a significant decline. The smallest decline of -4% was in 2020.
| Export of Winding Wire of Copper in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 0.6 | 0.3 | 0.8 | 1.4 | 32.6% |
| Thailand | 0.4 | 3.1 | 1.1 | 1.4 | 51.8% |
| New Zealand | 0.2 | 0.3 | 0.4 | 0.9 | 65.1% |
| Malaysia | 4.7 | 9.2 | 2.3 | 0.7 | -47.0% |
| Vietnam | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Hong Kong SAR | 1.7 | 0.1 | 0.4 | 0.2 | -51.0% |
| Taiwan (Chinese) | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| China | 1.4 | 0.4 | 0.6 | 0.1 | -58.5% |
| Nigeria | 4.5 | 2.1 | N/A | N/A | -53.3% |
| India | 10.1 | 6.2 | 0.5 | N/A | -77.8% |
| Pakistan | 0.2 | 0.4 | N/A | N/A | 100.0% |
| Others | 1.3 | 1.8 | 0.9 | 1.2 | -2.6% |
| Total | 25.2 | 24.2 | 7.0 | 6.1 | -37.7% |
Top Export Markets for Winding Wire of Copper from Australia in 2022:
- Thailand (346.0 tons)
- Malaysia (192.1 tons)
- Papua New Guinea (118.4 tons)
- New Zealand (66.0 tons)
- Hong Kong SAR (40.0 tons)
- Taiwan (Chinese) (27.4 tons)
- Vietnam (15.8 tons)
- China (12.9 tons)
- India (3.4 tons)
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