Price for Winding Wire, Other than of Copper in China - 2024
Contents:
- Price for Winding Wire, Other than of Copper in China (FOB) - 2024
- Price for Winding Wire, Other than of Copper in China (CIF) - 2022
- Exports of Winding Wire, Other than of Copper in China
- Imports of Winding Wire, Other than of Copper in China
Price for Winding Wire, Other than of Copper in China (FOB) - 2024
The average export price for winding wire, other than of coppers stood at $3,932 per ton in February 2024, shrinking by -2.5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 14% month-to-month. As a result, the export price reached the peak level of $4,933 per ton. From April 2023 to February 2024, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In February 2024, the countries with the highest prices were Vietnam ($5,005 per ton) and the United States ($4,951 per ton), while the average price for exports to South Korea ($3,473 per ton) and Kenya ($3,480 per ton) were amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.0%), while the prices for the other major destinations experienced a decline.
Price for Winding Wire, Other than of Copper in China (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $27,526 per ton, increasing by 119% against the previous year. Overall, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($248,121 per ton), while the price for South Korea ($5,550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Winding Wire, Other than of Copper in China
For the fourth consecutive year, China recorded growth in shipments abroad of winding wire, other than of coppers, which increased by 7.9% to 92K tons in 2022. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of winding wire, other than of coppers totaled $417M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Winding Wire, Other than of Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 14.3 | 13.6 | 19.4 | 20.9 | 13.5% |
| Brazil | 14.5 | 15.8 | 18.2 | 19.4 | 10.2% |
| Mexico | 7.9 | 8.8 | 20.0 | 18.8 | 33.5% |
| Vietnam | 9.6 | 18.4 | 20.0 | 18.7 | 24.9% |
| Spain | 8.8 | 7.2 | 11.9 | 17.0 | 24.5% |
| Japan | 12.9 | 11.4 | 15.2 | 16.8 | 9.2% |
| Cameroon | 6.4 | 6.3 | 8.7 | 14.4 | 31.0% |
| Malaysia | 8.9 | 8.4 | 12.6 | 13.6 | 15.2% |
| Togo | 3.0 | 7.7 | 10.3 | 12.2 | 59.6% |
| Iraq | 9.7 | 11.8 | 13.3 | 12.1 | 7.6% |
| Kenya | 8.5 | 11.4 | 12.3 | 11.9 | 11.9% |
| Pakistan | 9.3 | 6.7 | 10.5 | 11.6 | 7.6% |
| Saudi Arabia | 2.0 | 7.0 | 6.7 | 11.1 | 77.1% |
| Others | 159 | 154 | 195 | 219 | 11.3% |
| Total | 274 | 289 | 374 | 417 | 15.0% |
Top Export Markets for Winding Wire, Other than of Copper from China in 2022:
- South Korea (4.7K tons)
- Brazil (4.3K tons)
- Mexico (3.9K tons)
- Iraq (3.7K tons)
- Spain (3.5K tons)
- Japan (3.4K tons)
- Vietnam (3.4K tons)
- Cameroon (3.1K tons)
- Pakistan (2.9K tons)
- Togo (2.9K tons)
- Kenya (2.9K tons)
- Saudi Arabia (2.8K tons)
- Malaysia (2.8K tons)
Imports of Winding Wire, Other than of Copper in China
For the third consecutive year, China recorded decline in overseas purchases of winding wire, other than of coppers, which decreased by -66.3% to 254 tons in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -7.7% was in 2020.
In value terms, imports of winding wire, other than of coppers declined remarkably to $7M in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 8.1% against the previous year.
| Import of Winding Wire, Other than of Copper in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.1 | 1.2 | 1.6 | 2.2 | 180.2% |
| Japan | 1.2 | 1.1 | 1.1 | 1.5 | 7.7% |
| United States | 0.7 | 0.8 | 1.7 | 1.2 | 19.7% |
| Taiwan (Chinese) | 0.7 | 0.9 | 0.9 | 0.7 | 0.0% |
| South Korea | 5.6 | 4.1 | 2.4 | 0.7 | -50.0% |
| Malaysia | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 0.2 | 1.2 | 1.8 | 0.8 | 58.7% |
| Total | 8.6 | 9.3 | 9.5 | 7.0 | -6.6% |
Top Suppliers of Winding Wire, Other than of Copper to China in 2022:
- South Korea (117.3 tons)
- Japan (22.8 tons)
- Taiwan (Chinese) (12.9 tons)
- Switzerland (11.4 tons)
- United States (4.9 tons)
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