Price for Winding Wire, Other than of Copper in Serbia - 2024

Price for Winding Wire, Other than of Copper in Serbia (CIF) - 2024

In February 2024, the average import price for winding wire, other than of coppers amounted to $13,939 per ton, with a decrease of -10.2% against the previous month. Overall, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in May 2023 an increase of 88% m-o-m. Over the period under review, average import prices attained the peak figure at $32,736 per ton in July 2023; however, from August 2023 to February 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Belgium ($151K per ton), while the price for the Czech Republic ($4,885 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Austria (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Winding Wire, Other than of Copper in Serbia (FOB) - 2022

The average export price for winding wire, other than of coppers stood at $47,442 per ton in 2022, surging by 133% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 224%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Germany ($66,612 per ton), while the average price for exports to the Czech Republic ($7,278 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 France (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Winding Wire, Other than of Copper in Serbia

In 2022, approx. 351 tons of winding wire, other than of coppers were imported into Serbia; increasing by 11% compared with the previous year. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of winding wire, other than of coppers expanded rapidly to $7.6M in 2022. In general, imports, however, recorded a abrupt curtailment.

Import of Winding Wire, Other than of Copper in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4,151	3,016	3,095	3,614	-4.5%
Belgium	2,053	1,487	1,653	1,780	-4.6%
Czech Republic	1,633	1,343	1,230	1,123	-11.7%
Greece	82.4	198	168	322	57.5%
Turkey	189	145	263	283	14.4%
Italy	42.9	9.6	9.3	155	53.4%
China	298	19.8	25.9	130	-24.2%
Slovakia	25.7	88.2	142	60.7	33.2%
Austria	99.3	97.8	207	27.1	-35.1%
Others	354	410	204	92.4	-36.1%
Total	8,927	6,815	6,996	7,587	-5.3%

Top Suppliers of Winding Wire, Other than of Copper to Serbia in 2022:

Czech Republic (173.4 tons)
Greece (50.4 tons)
Turkey (40.0 tons)
Germany (32.7 tons)
China (15.0 tons)
Italy (11.4 tons)
Belgium (10.8 tons)
Slovakia (8.6 tons)
Austria (3.9 tons)

Exports of Winding Wire, Other than of Copper in Serbia

In 2022, the amount of winding wire, other than of coppers exported from Serbia declined significantly to 4.7 tons, dropping by -51.3% compared with the previous year. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 374%. As a result, the exports reached the peak of 9.7 tons, and then declined rapidly in the following year.

In value terms, exports of winding wire, other than of coppers reduced dramatically to $98K in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 845%. As a result, the exports attained the peak of $196K, and then contracted dramatically in the following year.

Export of Winding Wire, Other than of Copper in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	109	8.7	59.3	55.2	-20.3%
Austria	3.1	2.2	38.3	26.5	104.5%
France	0.6	N/A	4.6	6.7	123.5%
Bosnia and Herzegovina	2.2	0.3	2.1	4.0	22.1%
Switzerland	N/A	N/A	N/A	3.4	0%
Czech Republic	5.4	3.7	1.1	1.8	-30.7%
Nigeria	N/A	N/A	66.7	N/A	0%
North Macedonia	N/A	N/A	23.2	N/A	0%
Turkey	N/A	3.5	N/A	N/A	0%
Others	7.1	2.5	1.2	0.7	-53.8%
Total	128	20.8	196	98.2	-8.5%