Price for Winding Wire of Copper in Pakistan - 2023
Contents:
- Price for Winding Wire of Copper in Pakistan (CIF) - 2023
- Price for Winding Wire of Copper in Pakistan (FOB) - 2022
- Imports of Winding Wire of Copper in Pakistan
- Exports of Winding Wire of Copper in Pakistan
Price for Winding Wire of Copper in Pakistan (CIF) - 2023
The average winding wire of copper import price stood at $5,223 per ton in February 2023, with a decrease of -14.9% against the previous month. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in May 2022 an increase of 41% against the previous month. As a result, import price attained the peak level of $8,989 per ton. From June 2022 to February 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Thailand ($6,377 per ton) and Sri Lanka ($6,104 per ton), while the price for China ($4,638 per ton) and Malaysia ($5,388 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire of Copper in Pakistan (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $4,933 per ton, declining by -1.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 9.2% against the previous year. Over the period under review, the average export prices hit record highs at $5,018 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($9,805 per ton), while the average price for exports to Iraq ($785 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 the United States (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Pakistan
In 2022, the amount of winding wire of coppers imported into Pakistan surged to 1.1K tons, rising by 105% compared with the previous year's figure. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper imports soared to $6.1M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 113% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Winding Wire of Copper in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 533 | 435 | 1,281 | 2,092 | 57.7% |
| Sri Lanka | 87.7 | 350 | 821 | 1,427 | 153.4% |
| Japan | 27.9 | 391 | 551 | 889 | 217.0% |
| Malaysia | 249 | 265 | 511 | 824 | 49.0% |
| Australia | 194 | 167 | 218 | 322 | 18.4% |
| Italy | 30.8 | 7.0 | 18.5 | 196 | 85.3% |
| Others | 247 | 157 | 377 | 355 | 12.9% |
| Total | 1,369 | 1,770 | 3,777 | 6,105 | 64.6% |
Top Suppliers of Winding Wire of Copper to Pakistan in 2022:
- China (361.3 tons)
- Australia (239.1 tons)
- Sri Lanka (167.1 tons)
- Malaysia (122.5 tons)
- Japan (110.8 tons)
- Italy (18.4 tons)
Exports of Winding Wire of Copper in Pakistan
In 2022, overseas shipments of winding wire of coppers increased by 5% to 178 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced decline.
In value terms, winding wire of copper exports rose modestly to $877K in 2022. In general, exports, however, continue to indicate a pronounced descent.
| Export of Winding Wire of Copper in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 648 | 717 | 565 | 411 | -14.1% |
| United States | 101 | 50.2 | 202 | 317 | 46.4% |
| Kenya | 53.2 | 42.6 | 23.8 | 43.3 | -6.6% |
| Afghanistan | 35.7 | 30.5 | 18.2 | 35.3 | -0.4% |
| Ethiopia | 28.7 | 3.6 | 13.5 | 23.0 | -7.1% |
| United Arab Emirates | 61.6 | 31.6 | 9.0 | 18.7 | -32.8% |
| Iraq | 6.9 | 5.0 | 2.6 | 4.2 | -15.3% |
| Others | 27.4 | 23.8 | 14.9 | 24.6 | -3.5% |
| Total | 962 | 904 | 849 | 877 | -3.0% |
Top Export Markets for Winding Wire of Copper from Pakistan in 2022:
- United Kingdom (67.1 tons)
- United States (40.9 tons)
- Afghanistan (22.3 tons)
- United Arab Emirates (14.2 tons)
- Ethiopia (11.7 tons)
- Iraq (5.4 tons)
- Kenya (4.4 tons)
2389
This report provides an in-depth analysis of the wire and cable market in Pakistan.
411
This report provides an in-depth analysis of the winding wire market in Pakistan.
1480
This report provides an in-depth analysis of the optical fiber cables market in Pakistan.
349
This report provides an in-depth analysis of the insulated coaxial cable market in Pakistan.
339
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Pakistan.
376
This report provides an in-depth analysis of the market for optical fiber, bundle and cable in Pakistan.
188
This report provides an in-depth analysis of the market for insulated electric conductors for a voltage over 1000 v in Pakistan.
5855
This report provides an in-depth analysis of the global wire and cable market.
780
This report provides an in-depth analysis of the global winding wire market.
3684
This report provides an in-depth analysis of the global optical fiber cables market.
636
Explore the top 10 countries dominating the wire and cable import market, including the United States, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
957
In 2019, the global wire and cable market increased by 0.5% to $239.6B, rising for the third year in a row after two...
12397
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
2122
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
402
Discover the top import markets for optical fiber cables worldwide, backed by key statistics. Learn about the booming demand for optical fiber cables and the countries driving this growth. Utilizing data from the IndexBox market intelligence platform.
997
As countries implement 5G networks, the increased demand is predicted to significantly drive the market for optical fiber to reach 1.5M tons by 2030. This new generation of mobile broadband will require building dense networks of base stations connected by optical fiber cables. In the near future, the U.S., China, Japan and the EU should become the most lucrative markets for sales and distribution of fiber optics.
958
The global optical fiber cables market revenue amounted to $12.7B in 2017, growing by 4.6% against the previous year. This...
470
The U.S. took over second place in the global optical fiber cable trade. In 2014, the U.S. exported approximately X thousand tons of optical fiber cables totaling X billion USD, X% over the previous year. Its primary trading partner was its close
141
Explore the top import markets for insulated coaxial cable and discover key statistics on countries driving the global demand. Learn about the latest trends and opportunities in the industry.
180
Explore the world's best import markets for wiring sets used in vehicles, aircraft, or ships. Learn about the key statistics and import values of the top countries. Stay informed with IndexBox market intelligence platform.
