Price for Winding Wire of Copper in Bulgaria - 2023
Contents:
- Price for Winding Wire of Copper in Bulgaria (CIF) - 2023
- Price for Winding Wire of Copper in Bulgaria (FOB) - 2023
- Imports of Winding Wire of Copper in Bulgaria
- Exports of Winding Wire of Copper in Bulgaria
Price for Winding Wire of Copper in Bulgaria (CIF) - 2023
The average winding wire of copper import price stood at $11,572 per ton in June 2023, increasing by 24% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 155% month-to-month. As a result, import price reached the peak level of $12,367 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Italy ($13,272 per ton) and Romania ($13,262 per ton), while the price for Poland ($9,594 per ton) and Germany ($10,046 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Bulgaria (FOB) - 2023
The average winding wire of copper export price stood at $12,984 per ton in June 2023, which is down by -8.7% against the previous month. In general, the export price continues to indicate a mild decrease. The pace of growth was the most pronounced in July 2022 an increase of 46% month-to-month. As a result, the export price attained the peak level of $23,407 per ton. From August 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($54,075 per ton), while the average price for exports to North Macedonia ($10,767 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Bulgaria
In 2022, imports of winding wire of coppers into Bulgaria reduced to 2.9K tons, shrinking by -12% compared with the year before. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of 3.2K tons, and then declined in the following year.
In value terms, winding wire of copper imports declined to $28M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. As a result, imports attained the peak of $33M, and then dropped in the following year.
| Import of Winding Wire of Copper in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.9 | 5.8 | 10.0 | 8.3 | 6.4% |
| Turkey | 2.7 | 2.6 | 4.8 | 4.4 | 17.7% |
| Poland | 0.1 | 0.1 | 2.7 | 3.6 | 230.2% |
| Italy | 2.5 | 2.3 | 3.0 | 3.2 | 8.6% |
| Greece | 2.9 | 2.9 | 3.7 | 2.8 | -1.2% |
| Sweden | 2.2 | 1.3 | 2.4 | 1.9 | -4.8% |
| Romania | 0.5 | 0.4 | 3.7 | 1.1 | 30.1% |
| Slovakia | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Others | 2.4 | 1.3 | 1.9 | 2.1 | -4.4% |
| Total | 20.3 | 17.0 | 32.6 | 27.8 | 11.0% |
Top Suppliers of Winding Wire of Copper to Bulgaria in 2022:
- Germany (915.5 tons)
- Italy (446.3 tons)
- Turkey (417.0 tons)
- Poland (333.5 tons)
- Greece (266.6 tons)
- Sweden (170.9 tons)
- Romania (117.1 tons)
- Slovakia (60.3 tons)
Exports of Winding Wire of Copper in Bulgaria
In 2022, approx. 465 tons of winding wire of coppers were exported from Bulgaria; reducing by -41.6% on 2021. Overall, exports saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of 797 tons, and then fell sharply in the following year.
In value terms, winding wire of copper exports fell notably to $6.9M in 2022. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when exports increased by 185% against the previous year. As a result, the exports reached the peak of $15M, and then declined notably in the following year.
| Export of Winding Wire of Copper in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,916 | 2,032 | 10,662 | 2,246 | 5.4% |
| Serbia | 1,537 | 855 | 1,160 | 1,051 | -11.9% |
| Romania | 822 | 704 | 897 | 897 | 3.0% |
| Hungary | 597 | 656 | 909 | 544 | -3.1% |
| Latvia | N/A | N/A | N/A | 454 | 0% |
| Turkey | 10.6 | 23.0 | 5.2 | 416 | 239.8% |
| Greece | 317 | 423 | 476 | 327 | 1.0% |
| North Macedonia | 212 | 367 | 289 | 324 | 15.2% |
| Italy | 116 | 55.0 | 266 | 160 | 11.3% |
| Others | 263 | 111 | 214 | 458 | 20.3% |
| Total | 5,791 | 5,227 | 14,878 | 6,877 | 5.9% |
Top Export Markets for Winding Wire of Copper from Bulgaria in 2022:
- Serbia (96.3 tons)
- Romania (83.4 tons)
- Germany (72.9 tons)
- Hungary (52.0 tons)
- Latvia (40.9 tons)
- North Macedonia (32.2 tons)
- Greece (28.9 tons)
- Turkey (24.6 tons)
- Italy (16.9 tons)
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