Price for Winding Wire of Copper in Hungary - 2023
Contents:
- Price for Winding Wire of Copper in Hungary (CIF) - 2022
- Price for Winding Wire of Copper in Hungary (FOB) - 2023
- Imports of Winding Wire of Copper in Hungary
- Exports of Winding Wire of Copper in Hungary
Price for Winding Wire of Copper in Hungary (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $8,716 per ton, picking up by 3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $9,534 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($10,276 per ton), while the price for Italy ($6,737 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Hungary (FOB) - 2023
The average winding wire of copper export price stood at $31,528 per ton in June 2023, which is down by -2.2% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 26% against the previous month. As a result, the export price attained the peak level of $37,615 per ton. From April 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Germany ($72,403 per ton), while the average price for exports to Ukraine ($7,385 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 the Czech Republic (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Hungary
In 2022, approx. 13K tons of winding wire of coppers were imported into Hungary; declining by -10.8% against 2021 figures. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 3.4% against the previous year.
In value terms, winding wire of copper imports dropped to $110M in 2022. In general, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of $120M, and then fell in the following year.
| Import of Winding Wire of Copper in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 49.2 | 46.3 | 57.9 | 56.2 | 4.5% |
| Sweden | 21.2 | 9.0 | 13.4 | 12.6 | -15.9% |
| Italy | 15.1 | 14.7 | 17.7 | 11.5 | -8.7% |
| Poland | 1.8 | 1.1 | 5.8 | 7.7 | 62.3% |
| Serbia | 1.0 | 1.3 | 3.9 | 6.1 | 82.7% |
| Slovakia | 3.7 | 2.9 | 6.4 | 6.0 | 17.5% |
| Spain | 4.2 | 3.4 | 2.9 | 4.0 | -1.6% |
| Austria | 2.7 | 1.6 | 2.6 | 1.7 | -14.3% |
| Others | 20.3 | 14.1 | 9.3 | 4.1 | -41.3% |
| Total | 119 | 94.5 | 120 | 110 | -2.6% |
Top Suppliers of Winding Wire of Copper to Hungary in 2022:
- Germany (6.4K tons)
- Italy (1.7K tons)
- Sweden (1.3K tons)
- Slovakia (0.9K tons)
- Poland (0.7K tons)
- Serbia (0.6K tons)
- Spain (0.5K tons)
- Austria (0.2K tons)
Exports of Winding Wire of Copper in Hungary
In 2022, exports of winding wire of coppers from Hungary declined significantly to 1.2K tons, dropping by -24.3% compared with 2021. Over the period under review, exports recorded a significant decrease. The smallest decline of -19.6% was in 2020.
In value terms, winding wire of copper exports shrank modestly to $29M in 2022. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year.
| Export of Winding Wire of Copper in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 5.0 | 6.2 | 14.8 | 16.0 | 47.4% |
| Germany | 17.6 | 8.8 | 6.7 | 8.3 | -22.2% |
| Italy | 9.2 | 8.0 | 5.7 | 2.7 | -33.5% |
| Moldova | N/A | 0.2 | 0.7 | 0.7 | 87.1% |
| Ukraine | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
| Romania | 0.5 | 0.2 | 0.3 | 0.1 | -41.5% |
| Czech Republic | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 1.0 | 0.9 | 0.4 | -20.6% |
| Total | 34.3 | 24.9 | 29.9 | 28.8 | -5.7% |
Top Export Markets for Winding Wire of Copper from Hungary in 2022:
- Slovakia (428.9 tons)
- Germany (361.8 tons)
- Italy (194.5 tons)
- Ukraine (91.6 tons)
- Moldova (42.1 tons)
- Czech Republic (5.6 tons)
- Romania (4.4 tons)
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