Price for Winding Wire of Copper in Turkey - 2023
Contents:
- Price for Winding Wire of Copper in Turkey (FOB) - 2023
- Price for Winding Wire of Copper in Turkey (CIF) - 2022
- Exports of Winding Wire of Copper in Turkey
- Imports of Winding Wire of Copper in Turkey
Price for Winding Wire of Copper in Turkey (FOB) - 2023
The average winding wire of copper export price stood at $9,335 per ton in July 2023, which is down by -3.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 9.9% m-o-m. The export price peaked at $10,564 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Libya ($10,430 per ton), while the average price for exports to Iran ($2,739 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 Lebanon (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winding Wire of Copper in Turkey (CIF) - 2022
The average winding wire of copper import price stood at $11,888 per ton in 2022, growing by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,940 per ton), while the price for Serbia ($10,561 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winding Wire of Copper in Turkey
In 2022, exports of winding wire of coppers from Turkey reached 12K tons, growing by 2.5% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, winding wire of copper exports reached $117M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +67.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire of Copper in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 10.9 | 8.9 | 14.6 | 12.0 | 3.3% |
| Italy | 4.8 | 4.2 | 10.4 | 10.6 | 30.2% |
| Egypt | 7.6 | 5.4 | 7.5 | 9.0 | 5.8% |
| Germany | 6.5 | 4.7 | 8.2 | 8.3 | 8.5% |
| Romania | 4.8 | 6.9 | 11.6 | 6.3 | 9.5% |
| Austria | 2.0 | 2.3 | 4.0 | 5.2 | 37.5% |
| Poland | 2.8 | 1.9 | 3.4 | 4.9 | 20.5% |
| Czech Republic | 1.0 | 1.3 | 4.8 | 4.5 | 65.1% |
| Bulgaria | 2.8 | 2.7 | 4.9 | 4.2 | 14.5% |
| Israel | 1.9 | 2.0 | 4.4 | 4.1 | 29.2% |
| Tunisia | 1.9 | 2.9 | 4.6 | 3.7 | 24.9% |
| Slovenia | 3.7 | 3.3 | 5.1 | 3.2 | -4.7% |
| Iran | N/A | N/A | 0.7 | 1.2 | 71.4% |
| Others | 27.8 | 23.1 | 29.9 | 39.5 | 12.4% |
| Total | 78.4 | 69.7 | 114 | 117 | 14.3% |
Top Export Markets for Winding Wire of Copper from Turkey in 2022:
- Iraq (1244.2 tons)
- Italy (981.5 tons)
- Egypt (936.4 tons)
- Germany (776.9 tons)
- Romania (639.9 tons)
- Austria (513.2 tons)
- Poland (497.7 tons)
- Czech Republic (438.3 tons)
- Bulgaria (406.3 tons)
- Israel (379.5 tons)
- Iran (326.4 tons)
- Tunisia (303.7 tons)
- Slovenia (299.8 tons)
Imports of Winding Wire of Copper in Turkey
In 2022, winding wire of copper imports into Turkey rose slightly to 5.7K tons, growing by 3.1% on the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. As a result, imports attained the peak of 6.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, winding wire of copper imports expanded sharply to $68M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire of Copper in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.8 | 18.8 | 21.0 | 31.8 | 53.5% |
| Malaysia | 6.5 | 5.1 | 8.1 | 11.1 | 19.5% |
| China | 2.7 | 4.6 | 5.8 | 5.7 | 28.3% |
| Austria | 6.5 | 9.8 | 11.0 | 5.6 | -4.8% |
| Netherlands | 0.7 | 5.9 | 3.1 | 2.9 | 60.6% |
| Serbia | 1.0 | 1.7 | 2.5 | 2.6 | 37.5% |
| Sweden | 1.5 | 1.2 | 1.8 | 2.5 | 18.6% |
| Spain | 2.9 | 3.8 | 2.3 | 1.7 | -16.3% |
| Germany | 1.7 | 1.8 | 1.8 | 0.8 | -22.2% |
| Others | 2.1 | 2.1 | 2.6 | 3.1 | 13.9% |
| Total | 34.5 | 54.8 | 60.0 | 67.7 | 25.2% |
Top Suppliers of Winding Wire of Copper to Turkey in 2022:
- Italy (2568.9 tons)
- Malaysia (946.1 tons)
- Austria (505.0 tons)
- China (494.1 tons)
- Netherlands (261.3 tons)
- Serbia (242.4 tons)
- Sweden (213.8 tons)
- Spain (165.7 tons)
- Germany (46.7 tons)
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