Price for Winding Wire, Other than of Copper in India - 2022
Contents:
- Price for Winding Wire, Other than of Copper in India (CIF) - 2022
- Price for Winding Wire, Other than of Copper in India (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in India
- Exports of Winding Wire, Other than of Copper in India
Price for Winding Wire, Other than of Copper in India (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $13,888 per ton in 2022, with an increase of 13% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for winding wire, other than of coppers increased by +85.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 ($19,060 per ton), while the price for China ($12,034 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in India (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $13,916 per ton, growing by 8.2% against the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 388% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($59,604 per ton), while the average price for exports to Oman ($2,677 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 Turkey (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in India
Imports of winding wire, other than of coppers into India declined rapidly to 6K tons in 2022, waning by -15.4% compared with the previous year. Overall, imports showed a precipitous decrease. The smallest decline of -10.1% was in 2021.
In value terms, imports of winding wire, other than of coppers contracted to $83M in 2022. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%.
| Import of Winding Wire, Other than of Copper in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.4 | 33.6 | 42.2 | 36.4 | -8.4% |
| South Korea | 30.2 | 28.1 | 20.7 | 20.7 | -11.8% |
| United States | 3.8 | 4.1 | 4.9 | 6.3 | 18.4% |
| Hong Kong SAR | 4.0 | 1.9 | 3.3 | 2.5 | -14.5% |
| Taiwan (Chinese) | 0.5 | 1.0 | 0.7 | 2.4 | 68.7% |
| Germany | 3.1 | 1.8 | 2.0 | 2.2 | -10.8% |
| Thailand | 1.5 | 0.9 | 1.1 | 1.3 | -4.7% |
| United Arab Emirates | 18.5 | 0.8 | 0.3 | 0.4 | -72.1% |
| Others | 18.5 | 13.1 | 11.4 | 10.7 | -16.7% |
| Total | 127 | 85.2 | 86.6 | 82.9 | -13.3% |
Top Suppliers of Winding Wire, Other than of Copper to India in 2022:
- China (3021.7 tons)
- South Korea (1334.9 tons)
- United States (331.3 tons)
- Hong Kong SAR (153.1 tons)
- Taiwan (Chinese) (150.8 tons)
- Germany (139.4 tons)
- Thailand (97.8 tons)
- United Arab Emirates (30.7 tons)
Exports of Winding Wire, Other than of Copper in India
In 2022, exports of winding wire, other than of coppers from India expanded remarkably to 5.5K tons, increasing by 10% on the year before. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, exports of winding wire, other than of coppers surged to $77M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Winding Wire, Other than of Copper in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 14.6 | 15.6 | 18.7 | 22.3 | 15.2% |
| Nigeria | 2.5 | 3.4 | 6.9 | 7.9 | 46.7% |
| Oman | 1.1 | 1.4 | 3.4 | 5.4 | 70.0% |
| United States | 6.6 | 2.8 | 2.4 | 5.2 | -7.6% |
| Turkey | 0.1 | 0.4 | 0.9 | 5.0 | 268.4% |
| Thailand | 1.6 | 1.4 | 3.6 | 4.7 | 43.2% |
| South Africa | 0.4 | 0.2 | 0.5 | 2.4 | 81.7% |
| Bangladesh | 11.8 | 0.8 | 0.9 | 2.3 | -42.0% |
| Iraq | 0.2 | 0.1 | 0.6 | 2.3 | 125.7% |
| Bhutan | 0.5 | 0.5 | 1.2 | 2.1 | 61.3% |
| Kuwait | 0.6 | 0.3 | 0.8 | 2.0 | 49.4% |
| Netherlands | 0.1 | 0.1 | 4.7 | 0.5 | 71.0% |
| Kenya | 0.5 | 0.9 | 0.1 | 0.3 | -15.7% |
| Others | 23.7 | 23.0 | 19.5 | 14.2 | -15.7% |
| Total | 64.3 | 51.0 | 64.2 | 76.6 | 6.0% |
Top Export Markets for Winding Wire, Other than of Copper from India in 2022:
- Oman (2011.2 tons)
- United Arab Emirates (959.9 tons)
- Nigeria (442.6 tons)
- Iraq (332.7 tons)
- Bhutan (207.8 tons)
- Thailand (174.2 tons)
- Bangladesh (140.8 tons)
- South Africa (135.6 tons)
- Kuwait (100.6 tons)
- United States (87.6 tons)
- Turkey (83.3 tons)
- Kenya (79.2 tons)
- Netherlands (40.2 tons)
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