Price for Winding Wire of Copper in Sri Lanka - 2021
Contents:
- Price for Winding Wire of Copper in Sri Lanka (CIF) - 2022
- Price for Winding Wire of Copper in Sri Lanka (FOB) - 2022
- Imports of Winding Wire of Copper in Sri Lanka
- Exports of Winding Wire of Copper in Sri Lanka
Price for Winding Wire of Copper in Sri Lanka (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $12,793 per ton, rising by 7.3% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +67.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($59,358 per ton), while the price for Singapore ($9,165 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Sri Lanka (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $13,198 per ton, with an increase of 6.8% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +135.8% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 89% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($49,675 per ton), while the average price for exports to Pakistan ($9,787 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 Myanmar (+62.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Sri Lanka
In 2022, the amount of winding wire of coppers imported into Sri Lanka rose rapidly to 835 tons, surging by 5.4% on the previous year's figure. 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 most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, winding wire of copper imports expanded significantly to $11M in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Winding Wire of Copper in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 1.9 | 3.3 | 3.5 | 10.4% |
| Sweden | 1.3 | 0.6 | 2.7 | 2.7 | 27.6% |
| Malaysia | 1.5 | 1.4 | 0.8 | 2.2 | 13.6% |
| India | N/A | 0.2 | 2.1 | 1.9 | 208.2% |
| Slovakia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.9 | 0.4 | 0.5 | 0.1 | -51.9% |
| Total | 6.4 | 4.5 | 9.5 | 10.7 | 18.7% |
Top Suppliers of Winding Wire of Copper to Sri Lanka in 2022:
- Sweden (245.9 tons)
- China (238.8 tons)
- Malaysia (173.6 tons)
- India (158.8 tons)
- Slovakia (14.2 tons)
Exports of Winding Wire of Copper in Sri Lanka
In 2022, winding wire of copper exports from Sri Lanka was estimated at 301 tons, standing approx. at the previous year's figure. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, winding wire of copper exports rose remarkably to $4M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 120%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Winding Wire of Copper in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 297 | 395 | 711 | 1,485 | 71.0% |
| Pakistan | 65.1 | 617 | 1,704 | 870 | 137.3% |
| Austria | N/A | N/A | 37.6 | 379 | 908.0% |
| Germany | 151 | 120 | 426 | 372 | 35.1% |
| Spain | 103 | 166 | 295 | 364 | 52.3% |
| Sweden | 90.8 | 123 | 175 | 139 | 15.3% |
| Maldives | 49.2 | 79.4 | 114 | 127 | 37.2% |
| Others | 137 | 184 | 246 | 239 | 20.4% |
| Total | 893 | 1,684 | 3,708 | 3,976 | 64.5% |
Top Export Markets for Winding Wire of Copper from Sri Lanka in 2022:
- India (127.4 tons)
- Pakistan (88.9 tons)
- Spain (33.1 tons)
- Austria (26.8 tons)
- Maldives (8.5 tons)
- Germany (7.5 tons)
- Sweden (3.3 tons)
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