Price for Winding Wire of Copper in Serbia - 2024
Contents:
- Price for Winding Wire of Copper in Serbia (FOB) - 2024
- Price for Winding Wire of Copper in Serbia (CIF) - 2024
- Exports of Winding Wire of Copper in Serbia
- Imports of Winding Wire of Copper in Serbia
Price for Winding Wire of Copper in Serbia (FOB) - 2024
The average winding wire of copper export price stood at $9,925 per ton in January 2024, remaining constant against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 1.6% against the previous month. As a result, the export price attained the peak level of $10,723 per ton. From May 2023 to January 2024, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In January 2024, the highest price was recorded for prices to Hungary ($10,276 per ton) and Slovakia ($9,994 per ton), while the average price for exports to Germany ($9,660 per ton) and the Czech Republic ($9,705 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-0.4%), while the prices for the other major destinations experienced a decline.
Price for Winding Wire of Copper in Serbia (CIF) - 2024
In January 2024, the average winding wire of copper import price amounted to $11,744 per ton, reducing by -17.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 27% month-to-month. As a result, import price attained the peak level of $14,309 per ton, and then contracted significantly in the following month.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Spain ($12,153 per ton) and Germany ($11,925 per ton), while the price for Slovenia ($9,146 per ton) and Italy ($10,802 per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Serbia
For the fourth year in a row, Serbia recorded growth in overseas shipments of winding wire of coppers, which increased by 13% to 10K tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, winding wire of copper exports rose notably to $104M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire of Copper in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 18.8 | 24.4 | 46.3 | 42.8 | 31.6% |
| Germany | 1.8 | 8.6 | 18.9 | 18.1 | 115.8% |
| Hungary | 1.0 | 2.5 | 8.2 | 13.1 | 135.7% |
| Czech Republic | N/A | N/A | 2.2 | 11.9 | 440.9% |
| Slovakia | 0.1 | 0.8 | 2.2 | 6.4 | 300.0% |
| United Kingdom | 1.3 | 2.5 | 7.2 | 4.6 | 52.4% |
| Turkey | 1.1 | 1.6 | 2.1 | 2.0 | 22.1% |
| Others | 0.9 | 2.6 | 3.7 | 4.8 | 74.7% |
| Total | 24.9 | 43.0 | 90.7 | 104 | 61.0% |
Top Export Markets for Winding Wire of Copper from Serbia in 2022:
- Italy (4.2K tons)
- Germany (1.8K tons)
- Hungary (1.3K tons)
- Czech Republic (1.2K tons)
- Slovakia (0.6K tons)
- United Kingdom (0.4K tons)
- Turkey (0.2K tons)
Imports of Winding Wire of Copper in Serbia
In 2022, supplies from abroad of winding wire of coppers was finally on the rise to reach 2.6K tons after two years of decline. Overall, imports, however, recorded a abrupt downturn.
In value terms, winding wire of copper imports expanded sharply to $30M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire of Copper in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.9 | 9.1 | 13.9 | 15.0 | 11.2% |
| Turkey | 2.4 | 2.0 | 2.8 | 3.2 | 10.1% |
| Austria | 6.0 | 2.2 | 2.5 | 2.1 | -29.5% |
| Slovenia | 0.2 | 0.3 | 0.6 | 1.8 | 108.0% |
| Spain | 0.8 | 0.5 | 1.1 | 1.5 | 23.3% |
| Greece | 0.6 | 0.8 | 1.1 | 1.2 | 26.0% |
| Croatia | 1.5 | 0.9 | 1.5 | 0.8 | -18.9% |
| Bulgaria | 1.3 | 0.6 | 0.8 | 0.8 | -14.9% |
| Italy | 1.4 | 1.5 | 0.7 | 0.7 | -20.6% |
| Sweden | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| Poland | N/A | 2.1 | 0.7 | 0.4 | -56.4% |
| Others | 0.8 | 0.6 | 1.1 | 1.5 | 23.3% |
| Total | 26.2 | 21.1 | 27.4 | 29.6 | 4.2% |
Top Suppliers of Winding Wire of Copper to Serbia in 2022:
- Germany (1236.8 tons)
- Turkey (293.5 tons)
- Slovenia (194.9 tons)
- Austria (171.3 tons)
- Spain (149.5 tons)
- Greece (113.0 tons)
- Croatia (76.7 tons)
- Bulgaria (73.9 tons)
- Sweden (61.1 tons)
- Italy (58.5 tons)
- Poland (38.5 tons)
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