Price for Winding Wire of Copper in Indonesia - 2022
Contents:
- Price for Winding Wire of Copper in Indonesia (FOB) - 2022
- Price for Winding Wire of Copper in Indonesia (CIF) - 2022
- Exports of Winding Wire of Copper in Indonesia
- Imports of Winding Wire of Copper in Indonesia
Price for Winding Wire of Copper in Indonesia (FOB) - 2022
In March 2022, the average winding wire of copper export price amounted to $10,400 per ton, picking up by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($27,331 per ton), while the average price for exports to the United States ($7,068 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Indonesia (CIF) - 2022
The average winding wire of copper import price stood at $17,096 per ton in March 2022, picking up by 6.1% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2021 when the average import price increased by 26% month-to-month. As a result, import price attained the peak level of $19,763 per ton. From October 2021 to March 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($22,309 per ton), while the price for China ($11,385 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Indonesia
In 2022, overseas shipments of winding wire of coppers decreased by -6.7% to 25K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 27K tons, and then reduced in the following year.
In value terms, winding wire of copper exports surged to $262M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire of Copper in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.1 | 75.0 | 115 | 137 | 33.9% |
| Singapore | 38.7 | 36.3 | 48.8 | 57.8 | 14.3% |
| Philippines | 16.6 | 10.5 | 17.6 | 20.8 | 7.8% |
| Japan | 13.4 | 9.4 | 15.0 | 17.7 | 9.7% |
| Malaysia | 0.4 | 6.6 | 9.4 | 11.2 | 203.7% |
| Vietnam | 5.9 | 5.2 | 6.1 | 7.2 | 6.9% |
| Thailand | 3.6 | 3.4 | 5.2 | 6.1 | 19.2% |
| Others | 3.5 | 2.7 | 4.1 | 5.0 | 12.6% |
| Total | 139 | 149 | 221 | 262 | 23.5% |
Top Export Markets for Winding Wire of Copper from Indonesia in 2022:
- United States (16.8K tons)
- Singapore (2.9K tons)
- Philippines (1.6K tons)
- Japan (1.3K tons)
- Malaysia (0.8K tons)
- Vietnam (0.5K tons)
- Thailand (0.5K tons)
Imports of Winding Wire of Copper in Indonesia
In 2022, the amount of winding wire of coppers imported into Indonesia fell significantly to 5.1K tons, reducing by -15.9% against 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, winding wire of copper imports expanded slightly to $86M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire of Copper in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.4 | 22.5 | 31.9 | 30.2 | 12.2% |
| China | 26.3 | 14.2 | 25.5 | 24.1 | -2.9% |
| Singapore | 20.9 | 16.1 | 9.6 | 14.5 | -11.5% |
| Malaysia | 2.0 | 1.1 | 5.4 | 5.1 | 36.6% |
| Vietnam | 0.2 | 0.8 | 5.4 | 5.1 | 194.3% |
| Philippines | 3.5 | 3.6 | 2.1 | 2.9 | -6.1% |
| South Korea | 1.5 | 0.8 | 1.0 | 1.0 | -12.6% |
| Others | 2.5 | 2.1 | 3.2 | 3.2 | 8.6% |
| Total | 78.4 | 61.3 | 84.2 | 86.2 | 3.2% |
Top Suppliers of Winding Wire of Copper to Indonesia in 2022:
- China (1854.4 tons)
- Singapore (1096.0 tons)
- Japan (1071.9 tons)
- Vietnam (481.1 tons)
- Malaysia (292.6 tons)
- Philippines (103.8 tons)
- South Korea (70.7 tons)
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