Price for Winding Wire of Copper in Switzerland - 2023
Contents:
- Price for Winding Wire of Copper in Switzerland (FOB) - 2023
- Price for Winding Wire of Copper in Switzerland (CIF) - 2023
- Exports of Winding Wire of Copper in Switzerland
- Imports of Winding Wire of Copper in Switzerland
Price for Winding Wire of Copper in Switzerland (FOB) - 2023
In July 2023, the average winding wire of copper export price amounted to $40,555 per ton, reducing by -1.7% against the previous month. Over the period under review, the export price, however, showed a slight increase. The growth pace was the most rapid in December 2022 an increase of 31% against the previous month. As a result, the export price reached the peak level of $42,236 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the Philippines ($70,080 per ton), while the average price for exports to France ($17,329 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Switzerland (CIF) - 2023
The average winding wire of copper import price stood at $19,042 per ton in July 2023, which is down by -15.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 38% m-o-m. The import price peaked at $22,500 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($44,460 per ton), while the price for Norway ($3,889 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Switzerland
In 2022, approx. 1.2K tons of winding wire of coppers were exported from Switzerland; which is down by -22.4% on the previous year's figure. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then reduced rapidly in the following year.
In value terms, winding wire of copper exports plummeted to $41M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43%. As a result, the exports attained the peak of $50M, and then fell significantly in the following year.
| Export of Winding Wire of Copper in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.4 | 12.6 | 16.4 | 11.5 | 3.4% |
| Germany | 4.6 | 5.6 | 11.2 | 9.6 | 27.8% |
| France | 1.9 | 1.8 | 2.1 | 2.7 | 12.4% |
| Italy | 2.6 | 2.5 | 4.0 | 1.9 | -9.9% |
| Philippines | 0.8 | 0.6 | 0.9 | 1.2 | 14.5% |
| Hungary | 0.9 | 1.0 | 1.6 | 1.2 | 10.1% |
| Thailand | 0.9 | 0.9 | 1.4 | 1.2 | 10.1% |
| Hong Kong SAR | 1.8 | 1.3 | 2.2 | 1.1 | -15.1% |
| Romania | 0.4 | 0.3 | 0.5 | 0.8 | 26.0% |
| India | 0.9 | 0.5 | 0.7 | 0.7 | -8.0% |
| United Kingdom | 1.2 | 0.7 | 0.6 | 0.7 | -16.4% |
| Sweden | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Slovakia | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
| Others | 7.7 | 6.3 | 7.1 | 7.5 | -0.9% |
| Total | 34.8 | 34.7 | 49.6 | 40.8 | 5.4% |
Top Export Markets for Winding Wire of Copper from Switzerland in 2022:
- Germany (298.4 tons)
- China (171.8 tons)
- France (150.0 tons)
- Italy (132.9 tons)
- Hungary (48.4 tons)
- Romania (42.9 tons)
- United Kingdom (42.2 tons)
- Hong Kong SAR (38.8 tons)
- India (26.3 tons)
- Thailand (24.5 tons)
- Sweden (20.6 tons)
- Philippines (20.5 tons)
- Slovakia (18.1 tons)
Imports of Winding Wire of Copper in Switzerland
In 2022, the amount of winding wire of coppers imported into Switzerland declined slightly to 2.3K tons, dropping by -2.3% against 2021 figures. Over the period under review, imports saw a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 1.6% against the previous year.
In value terms, winding wire of copper imports contracted to $43M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports attained the peak of $46M, and then fell in the following year.
| Import of Winding Wire of Copper in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.5 | 16.8 | 20.2 | 19.4 | -0.2% |
| Italy | 6.9 | 6.8 | 12.2 | 7.7 | 3.7% |
| Poland | 0.1 | 0.4 | 1.4 | 2.1 | 175.9% |
| China | 0.3 | 0.8 | 1.2 | 1.9 | 85.0% |
| Slovakia | 0.7 | 0.9 | 2.1 | 1.7 | 34.4% |
| France | 1.6 | 0.9 | 1.8 | 1.6 | 0.0% |
| Turkey | 1.1 | 1.0 | 1.5 | 1.5 | 10.9% |
| Spain | 0.3 | 0.3 | 0.2 | 1.4 | 67.1% |
| Others | 5.4 | 4.1 | 5.4 | 5.3 | -0.6% |
| Total | 36.0 | 32.1 | 46.0 | 42.6 | 5.8% |
Top Suppliers of Winding Wire of Copper to Switzerland in 2022:
- Germany (851.5 tons)
- Italy (568.5 tons)
- Poland (199.9 tons)
- Turkey (142.7 tons)
- Spain (129.4 tons)
- Slovakia (106.2 tons)
- China (96.2 tons)
- France (74.1 tons)
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