Price for Winding Wire of Copper in Morocco - 2022
Contents:
- Price for Winding Wire of Copper in Morocco (CIF) - 2022
- Price for Winding Wire of Copper in Morocco (FOB) - 2022
- Imports of Winding Wire of Copper in Morocco
- Exports of Winding Wire of Copper in Morocco
Price for Winding Wire of Copper in Morocco (CIF) - 2022
In December 2022, the average winding wire of copper import price amounted to $11,586 per ton, surging by 8.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average import price increased by 11% m-o-m. The import price peaked at $12,707 per ton in September 2022; however, from October 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($19,417 per ton), while the price for France ($5,414 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winding Wire of Copper in Morocco (FOB) - 2022
The average winding wire of copper export price stood at $7,487 per ton in 2022, falling by -35% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices reached the peak figure at $39,835 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($29,956 per ton), while the average price for exports to France ($4,980 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 Burkina Faso (+41.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Morocco
In 2022, the amount of winding wire of coppers imported into Morocco rose sharply to 1.4K tons, with an increase of 7.1% compared with 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, winding wire of copper imports surged to $17M in 2022. Over the period under review, imports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year.
| Import of Winding Wire of Copper in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.3 | 5.9 | 10.3 | 12.0 | 31.3% |
| France | 7.5 | 0.3 | 1.1 | 1.4 | -42.8% |
| Germany | 0.3 | 0.2 | 0.6 | 0.7 | 32.6% |
| Turkey | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| Greece | 0.4 | 0.6 | 0.5 | 0.6 | 14.5% |
| Italy | 0.5 | 0.3 | 0.3 | 0.5 | 0.0% |
| China | 1.0 | 0.3 | 0.2 | 0.3 | -33.1% |
| Others | 2.5 | 0.4 | 0.9 | 0.7 | -34.6% |
| Total | 17.8 | 8.3 | 14.2 | 16.9 | -1.7% |
Top Suppliers of Winding Wire of Copper to Morocco in 2022:
- Spain (1046.1 tons)
- France (133.7 tons)
- Germany (61.5 tons)
- Greece (60.6 tons)
- Turkey (44.4 tons)
- Italy (41.1 tons)
- China (17.1 tons)
Exports of Winding Wire of Copper in Morocco
In 2022, after two years of decline, there was significant growth in shipments abroad of winding wire of coppers, when their volume increased by 1,440% to 35 tons. Over the period under review, exports enjoyed a significant expansion. 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 soared to $263K in 2022. Overall, exports, however, saw a slight setback.
| Export of Winding Wire of Copper in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.1 | 6.4 | 14.4 | 124 | 289.4% |
| Spain | 86.2 | 0.1 | N/A | 76.9 | -3.7% |
| Burkina Faso | N/A | N/A | N/A | 42.5 | 0% |
| Mauritania | N/A | N/A | 8.8 | 13.9 | 58.0% |
| Germany | 120 | 29.7 | N/A | 4.4 | -66.8% |
| Gabon | 64.3 | 1.3 | N/A | N/A | -98.0% |
| Cote d'Ivoire | 0.6 | 6.8 | 3.0 | N/A | 123.6% |
| Others | 0.8 | 0.7 | 0.1 | 1.8 | 31.0% |
| Total | 274 | 45.0 | 26.3 | 263 | -1.4% |
Top Export Markets for Winding Wire of Copper from Morocco in 2022:
- France (24.8 tons)
- Spain (7.9 tons)
- Burkina Faso (1.4 tons)
- Mauritania (0.8 tons)
- Germany (0.1 tons)
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