Price for Winding Wire of Copper in Ethiopia - 2022
Contents:
- Price for Winding Wire of Copper in Ethiopia (CIF) - 2022
- Price for Winding Wire of Copper in Ethiopia (FOB) - 2022
- Imports of Winding Wire of Copper in Ethiopia
- Exports of Winding Wire of Copper in Ethiopia
Price for Winding Wire of Copper in Ethiopia (CIF) - 2022
The average winding wire of copper import price stood at $11,472 per ton in 2022, surging by 62% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($11,529 per ton), while the price for Japan ($2,859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire of Copper in Ethiopia (FOB) - 2022
The average winding wire of copper export price stood at $7,685 per ton in 2022, jumping by 16% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Djibouti ($11,780 per ton), while the average price for exports to Germany ($120 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 Djibouti (+17.0%), while the prices for the other major destinations experienced a decline.
Imports of Winding Wire of Copper in Ethiopia
In 2022, imports of winding wire of coppers into Ethiopia soared to 413 tons, jumping by 43% on the previous year's figure. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 96% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, winding wire of copper imports soared to $3.2M in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. As a result, imports attained the peak of $8.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Winding Wire of Copper in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,490 | 4,545 | 687 | 1,913 | 8.7% |
| India | 1,170 | 1,261 | 451 | 403 | -29.9% |
| Turkey | 756 | 1,370 | 183 | 392 | -19.7% |
| Belgium | 413 | 567 | 382 | 190 | -22.8% |
| Italy | 5.8 | 6.4 | 16.7 | 73.0 | 132.6% |
| Japan | 1.0 | 73.7 | 45.2 | 20.5 | 173.7% |
| Others | 344 | 467 | 284 | 228 | -12.8% |
| Total | 4,179 | 8,290 | 2,050 | 3,219 | -8.3% |
Top Suppliers of Winding Wire of Copper to Ethiopia in 2022:
- China (258.6 tons)
- India (44.6 tons)
- Turkey (37.4 tons)
- Belgium (31.6 tons)
- Japan (7.2 tons)
- Italy (6.3 tons)
Exports of Winding Wire of Copper in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas shipments of winding wire of coppers, which decreased by -18.9% to 4 tons in 2022. Overall, exports recorded a abrupt curtailment. The smallest decline of -14.4% was in 2020.
In value terms, winding wire of copper exports shrank modestly to $36K in 2022. In general, exports showed a perceptible contraction. The smallest decline of -3.7% was in 2021.
| Export of Winding Wire of Copper in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | 39.2 | 38.2 | 35.5 | 35.4 | -3.3% |
| United Arab Emirates | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| China | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Burkina Faso | N/A | N/A | N/A | 0.1 | 0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 1.2 | N/A | 144.9% |
| Total | 40.2 | 38.7 | 37.3 | 35.9 | -3.7% |
Top Export Markets for Winding Wire of Copper from Ethiopia in 2022:
- Djibouti (3003.0 kg)
- United Arab Emirates (720.0 kg)
- China (131.0 kg)
- Germany (100.0 kg)
- Burkina Faso (89.0 kg)
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