Price for Winding Wire of Copper in Thailand - 2023
Contents:
- Price for Winding Wire of Copper in Thailand (FOB) - 2023
- Price for Winding Wire of Copper in Thailand (CIF) - 2023
- Exports of Winding Wire of Copper in Thailand
- Imports of Winding Wire of Copper in Thailand
Price for Winding Wire of Copper in Thailand (FOB) - 2023
In July 2023, the average winding wire of copper export price amounted to $10,265 per ton, declining by -7.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 8% against the previous month. The export price peaked at $11,894 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was China ($11,971 per ton), while the average price for exports to Malaysia ($1,397 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 Hong Kong SAR (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Winding Wire of Copper in Thailand (CIF) - 2023
The average winding wire of copper import price stood at $11,884 per ton in July 2023, falling by -1.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 6.9% against the previous month. The import price peaked at $12,294 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Japan ($16,467 per ton) and China ($11,248 per ton), while the price for Malaysia ($11,157 per ton) and South Korea ($11,220 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Winding Wire of Copper in Thailand
For the fourth year in a row, Thailand recorded growth in overseas shipments of winding wire of coppers, which increased by 7.7% to 25K tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, winding wire of copper exports rose rapidly to $301M in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire of Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 42.9 | 65.0 | 169 | 196 | 65.9% |
| Vietnam | 22.0 | 19.7 | 30.3 | 29.7 | 10.5% |
| Philippines | 12.8 | 11.2 | 18.1 | 13.6 | 2.0% |
| Hong Kong SAR | 13.2 | 12.6 | 22.6 | 13.5 | 0.8% |
| China | 1.0 | 3.6 | 6.5 | 11.7 | 127.0% |
| Myanmar | 3.0 | 9.8 | 5.3 | 7.8 | 37.5% |
| South Korea | 0.5 | 0.2 | 1.7 | 7.4 | 145.5% |
| United States | 2.8 | 2.4 | 4.4 | 3.1 | 3.5% |
| India | 6.3 | 4.6 | 3.0 | 2.5 | -26.5% |
| Others | 9.1 | 7.5 | 12.9 | 16.1 | 20.9% |
| Total | 114 | 136 | 273 | 301 | 38.2% |
Top Export Markets for Winding Wire of Copper from Thailand in 2022:
- Japan (15.9K tons)
- Vietnam (2.5K tons)
- Philippines (1.2K tons)
- Hong Kong SAR (1.2K tons)
- China (0.9K tons)
- Myanmar (0.8K tons)
- South Korea (0.8K tons)
- United States (0.3K tons)
- India (0.2K tons)
Imports of Winding Wire of Copper in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of winding wire of coppers, when their volume decreased by -7.2% to 19K tons. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21%.
In value terms, winding wire of copper imports expanded slightly to $227M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire of Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.8 | 66.7 | 111 | 121 | 35.3% |
| Malaysia | 35.8 | 39.7 | 62.6 | 54.0 | 14.7% |
| South Korea | 10.2 | 13.1 | 20.5 | 20.3 | 25.8% |
| Japan | 17.3 | 10.3 | 13.8 | 12.6 | -10.0% |
| Taiwan (Chinese) | 2.0 | 2.7 | 4.6 | 2.7 | 10.5% |
| Others | 5.1 | 5.3 | 8.3 | 16.6 | 48.2% |
| Total | 119 | 138 | 220 | 227 | 24.0% |
Top Suppliers of Winding Wire of Copper to Thailand in 2022:
- China (11.2K tons)
- Malaysia (4.6K tons)
- South Korea (1.9K tons)
- Japan (0.7K tons)
- Taiwan (Chinese) (0.1K tons)
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