Price for Winding Wire, Other than of Copper in Singapore - 2023
Contents:
- Price for Winding Wire, Other than of Copper in Singapore (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Singapore (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Singapore
- Exports of Winding Wire, Other than of Copper in Singapore
Price for Winding Wire, Other than of Copper in Singapore (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $31,266 per ton, with an increase of 30% against the previous year. In general, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 90% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue 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 Indonesia ($109,646 per ton), while the price for South Korea ($8,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Singapore (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $28,293 per ton, standing approx. at the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 261%. Over the period under review, the average export prices attained the maximum at $29,850 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($90,233 per ton), while the average price for exports to New Zealand ($4,392 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 South Korea (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Singapore
For the third consecutive year, Singapore recorded decline in purchases abroad of winding wire, other than of coppers, which decreased by -22.1% to 903 tons in 2022. Overall, imports recorded a abrupt setback. The smallest decline of -8.4% was in 2021.
In value terms, imports of winding wire, other than of coppers amounted to $28M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire, Other than of Copper in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.2 | 11.1 | 16.0 | 18.0 | 146.6% |
| Vietnam | 2.3 | 2.0 | 2.9 | 4.3 | 23.2% |
| China | 2.7 | 2.6 | 2.4 | 1.2 | -23.7% |
| United States | 1.0 | 1.1 | 1.6 | 1.0 | 0.0% |
| Malaysia | 3.2 | 2.4 | 2.4 | 0.7 | -39.7% |
| Taiwan (Chinese) | 0.5 | 0.1 | 0.1 | 0.5 | 0.0% |
| Thailand | 0.7 | 0.4 | 0.3 | 0.3 | -24.6% |
| South Korea | 0.3 | 0.1 | 0.2 | N/A | -18.4% |
| Others | 1.2 | 1.0 | 0.8 | 2.2 | 22.4% |
| Total | 13.1 | 21.0 | 26.7 | 28.2 | 29.1% |
Top Suppliers of Winding Wire, Other than of Copper to Singapore in 2022:
- Vietnam (433.3 tons)
- Indonesia (164.0 tons)
- United States (88.3 tons)
- China (78.1 tons)
- Malaysia (40.7 tons)
- Taiwan (Chinese) (23.6 tons)
- Thailand (20.6 tons)
- South Korea (2.5 tons)
Exports of Winding Wire, Other than of Copper in Singapore
In 2022, shipments abroad of winding wire, other than of coppers increased by 61% to 358 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt contraction.
In value terms, exports of winding wire, other than of coppers skyrocketed to $9.8M in 2022. Over the period under review, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +85.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Winding Wire, Other than of Copper in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2,891 | 2,883 | 4,341 | 5,201 | 21.6% |
| United States | 67.2 | 72.7 | 45.8 | 2,921 | 251.6% |
| Indonesia | 3,439 | 552 | 510 | 295 | -55.9% |
| Vietnam | 214 | 201 | 544 | 211 | -0.5% |
| New Zealand | 345 | 235 | 1.2 | 190 | -18.0% |
| Bangladesh | 485 | 14.1 | 37.9 | 92.7 | -42.4% |
| China | 64.7 | 101 | 195 | 78.5 | 6.7% |
| India | 892 | 367 | 135 | 62.4 | -58.8% |
| Taiwan (Chinese) | 15.6 | 110 | 18.1 | 1.4 | -55.2% |
| Others | 582 | 730 | 452 | 699 | 6.3% |
| Total | 8,997 | 5,265 | 6,280 | 9,753 | 2.7% |
Top Export Markets for Winding Wire, Other than of Copper from Singapore in 2022:
- Malaysia (214.1 tons)
- New Zealand (43.2 tons)
- United States (32.4 tons)
- Vietnam (18.9 tons)
- Indonesia (11.5 tons)
- China (4.3 tons)
- Bangladesh (3.6 tons)
- India (1.1 tons)
- Taiwan (Chinese) (0.2 tons)
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