Price for Winding Wire, Other than of Copper in Hong Kong SAR - 2023
Contents:
- Price for Winding Wire, Other than of Copper in Hong Kong SAR (CIF) - 2023
- Price for Winding Wire, Other than of Copper in Hong Kong SAR (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Hong Kong SAR
- Exports of Winding Wire, Other than of Copper in Hong Kong SAR
Price for Winding Wire, Other than of Copper in Hong Kong SAR (CIF) - 2023
The average import price for winding wire, other than of coppers stood at $11,926 per ton in December 2023, picking up by 22% against the previous month. Over the period under review, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 58% m-o-m. Over the period under review, average import prices hit record highs at $14,171 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($28,291 per ton), while the price for Spain ($7,857 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire, Other than of Copper in Hong Kong SAR (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $28,079 per ton in 2022, surging by 139% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($93,276 per ton), while the average price for exports to Poland ($4,032 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 Japan (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Hong Kong SAR
In 2022, imports of winding wire, other than of coppers into Hong Kong SAR shrank remarkably to 3.7K tons, with a decrease of -35.5% against the previous year's figure. Overall, imports faced a deep slump. The growth pace was the most rapid in 2021 when imports increased by 0.7% against the previous year.
In value terms, imports of winding wire, other than of coppers declined significantly to $42M in 2022. In general, imports continue to indicate a abrupt decline. The smallest decline of -5.4% was in 2020.
| Import of Winding Wire, Other than of Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.6 | 51.3 | 42.9 | 30.7 | -17.0% |
| United States | 1.5 | 1.5 | 1.3 | 4.7 | 46.3% |
| Japan | 4.1 | 3.4 | 4.9 | 2.8 | -11.9% |
| Spain | 2.5 | 2.0 | 2.3 | 1.7 | -12.1% |
| Others | 1.9 | 2.0 | 1.9 | 1.9 | 0.0% |
| Total | 63.6 | 60.2 | 53.3 | 41.9 | -13.0% |
Top Suppliers of Winding Wire, Other than of Copper to Hong Kong SAR in 2022:
- China (3320.3 tons)
- Spain (164.8 tons)
- Japan (93.5 tons)
- United States (56.0 tons)
Exports of Winding Wire, Other than of Copper in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of winding wire, other than of coppers, when their volume decreased by -73% to 1.4K tons. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 18%.
In value terms, exports of winding wire, other than of coppers reduced notably to $36M in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 8.8%. As a result, the exports attained the peak of $59M, and then shrank rapidly in the following year.
| Export of Winding Wire, Other than of Copper in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.9 | 18.8 | 23.3 | 18.0 | 6.5% |
| Japan | 5.7 | 7.0 | 6.8 | 3.7 | -13.4% |
| Malaysia | 2.9 | 2.7 | 2.7 | 2.9 | 0.0% |
| Vietnam | 2.2 | 1.2 | 1.9 | 2.7 | 7.1% |
| Thailand | 3.3 | 3.8 | 4.1 | 1.9 | -16.8% |
| United States | 4.8 | 2.9 | 1.8 | 1.3 | -35.3% |
| Taiwan (Chinese) | 1.3 | 0.5 | 0.7 | 0.9 | -11.5% |
| Philippines | 7.9 | 12.9 | 13.2 | 0.8 | -53.4% |
| Macao SAR | 2.4 | 1.4 | 1.1 | 0.7 | -33.7% |
| Germany | 1.5 | 1.1 | 1.2 | 0.2 | -48.9% |
| Poland | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Others | 3.3 | 1.7 | 2.1 | 2.7 | -6.5% |
| Total | 50.6 | 54.3 | 59.1 | 36.0 | -10.7% |
Top Export Markets for Winding Wire, Other than of Copper from Hong Kong SAR in 2022:
- China (738.4 tons)
- Malaysia (117.4 tons)
- Japan (77.1 tons)
- Philippines (73.2 tons)
- Vietnam (64.5 tons)
- Poland (55.0 tons)
- Macao SAR (51.0 tons)
- Taiwan (Chinese) (35.1 tons)
- United States (31.5 tons)
- Thailand (20.4 tons)
- Germany (11.2 tons)
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