Price for Winding Wire of Copper in India - 2023
Contents:
- Price for Winding Wire of Copper in India (FOB) - 2022
- Price for Winding Wire of Copper in India (CIF) - 2022
- Exports of Winding Wire of Copper in India
- Imports of Winding Wire of Copper in India
Price for Winding Wire of Copper in India (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $11,454 per ton, increasing by 2.2% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper export price increased by +85.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($11,454 per ton) and Romania ($11,454 per ton), while the average price for exports to the United Arab Emirates ($11,454 per ton) and Malaysia ($11,454 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 Nigeria (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in India (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $11,818 per ton, picking up by 8% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper import price increased by +44.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($11,818 per ton) and China ($11,818 per ton), while the price for Singapore ($11,818 per ton) and Taiwan (Chinese) ($11,818 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in India
In 2022, the amount of winding wire of coppers exported from India skyrocketed to 16K tons, jumping by 74% compared with the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper exports surged to $184M in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 81%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Winding Wire of Copper in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 3.4 | 1.9 | 10.2 | 33.0 | 113.3% |
| United Arab Emirates | 11.7 | 11.2 | 15.0 | 26.6 | 31.5% |
| United States | 0.9 | 3.6 | 10.0 | 22.2 | 191.1% |
| Saudi Arabia | 3.2 | 3.3 | 8.5 | 18.0 | 77.8% |
| Oman | 14.4 | 7.5 | 16.0 | 17.1 | 5.9% |
| Italy | 2.8 | 1.3 | 4.8 | 9.2 | 48.7% |
| Romania | N/A | N/A | 1.7 | 5.9 | 247.1% |
| Bangladesh | 6.6 | 3.8 | 4.1 | 5.2 | -7.6% |
| Malaysia | 3.4 | 2.1 | 3.7 | 4.9 | 13.0% |
| Egypt | 1.3 | 1.0 | 0.6 | 3.5 | 39.1% |
| Germany | 0.1 | 0.1 | 0.9 | 3.2 | 217.5% |
| Iraq | 0.6 | 0.4 | 1.9 | 3.1 | 72.9% |
| Nigeria | 4.6 | 1.6 | 3.1 | 3.0 | -13.3% |
| Others | 18.7 | 19.1 | 22.9 | 28.8 | 15.5% |
| Total | 71.7 | 57.0 | 103 | 184 | 36.9% |
Top Export Markets for Winding Wire of Copper from India in 2022:
- Kuwait (2.9K tons)
- United Arab Emirates (2.3K tons)
- United States (1.9K tons)
- Saudi Arabia (1.6K tons)
- Oman (1.5K tons)
- Italy (0.8K tons)
- Romania (0.5K tons)
- Bangladesh (0.5K tons)
- Malaysia (0.4K tons)
- Egypt (0.3K tons)
- Germany (0.3K tons)
- Nigeria (0.3K tons)
- Iraq (0.3K tons)
Imports of Winding Wire of Copper in India
In 2022, the amount of winding wire of coppers imported into India contracted slightly to 6.2K tons, approximately equating the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
In value terms, winding wire of copper imports totaled $74M in 2022. Overall, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.6% 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 +73.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire of Copper in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 22.7 | 17.0 | 32.9 | 29.1 | 8.6% |
| China | 16.3 | 10.3 | 14.5 | 15.8 | -1.0% |
| Japan | 1.4 | 0.4 | 0.6 | 9.6 | 90.0% |
| United States | 4.2 | 2.0 | 2.6 | 3.0 | -10.6% |
| Thailand | 8.3 | 4.5 | 4.3 | 2.9 | -29.6% |
| Taiwan (Chinese) | 3.8 | 2.0 | 3.5 | 2.4 | -14.2% |
| Singapore | 0.9 | 0.7 | 1.6 | 1.9 | 28.3% |
| Hong Kong SAR | 0.9 | 0.6 | 1.6 | 1.4 | 15.9% |
| Germany | 1.2 | 0.8 | 1.7 | 1.2 | 0.0% |
| Others | 6.7 | 4.4 | 5.8 | 6.6 | -0.5% |
| Total | 66.4 | 42.6 | 69.2 | 73.8 | 3.6% |
Top Suppliers of Winding Wire of Copper to India in 2022:
- Malaysia (2463.3 tons)
- China (1335.1 tons)
- Japan (815.0 tons)
- United States (251.3 tons)
- Thailand (242.6 tons)
- Taiwan (Chinese) (204.5 tons)
- Singapore (159.7 tons)
- Hong Kong SAR (117.0 tons)
- Germany (101.8 tons)
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