Price for Winding Wire, Other than of Copper in Thailand - 2024
Contents:
- Price for Winding Wire, Other than of Copper in Thailand (CIF) - 2024
- Price for Winding Wire, Other than of Copper in Thailand (FOB) - 2024
- Imports of Winding Wire, Other than of Copper in Thailand
- Exports of Winding Wire, Other than of Copper in Thailand
Price for Winding Wire, Other than of Copper in Thailand (CIF) - 2024
The average import price for winding wire, other than of coppers stood at $9,244 per ton in March 2024, waning by -11.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 27% month-to-month. The import price peaked at $11,401 per ton in December 2023; however, from January 2024 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Japan ($28,893 per ton), while the price for China ($8,083 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Thailand (FOB) - 2024
The average export price for winding wire, other than of coppers stood at $7,476 per ton in March 2024, reducing by -8.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 40% m-o-m. As a result, the export price reached the peak level of $10,915 per ton. From August 2023 to March 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($13,881 per ton), while the average price for exports to Cambodia ($2,924 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Thailand
In 2022, purchases abroad of winding wire, other than of coppers decreased by -2.9% to 5.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year.
In value terms, imports of winding wire, other than of coppers expanded modestly to $66M in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Winding Wire, Other than of Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 23.9 | 35.6 | 39.0 | 40.7% |
| India | 1.3 | 0.9 | 3.3 | 6.7 | 72.7% |
| Japan | 5.2 | 7.9 | 9.0 | 6.4 | 7.2% |
| Vietnam | 3.5 | 2.9 | 3.8 | 3.9 | 3.7% |
| Taiwan (Chinese) | 2.2 | 2.4 | 3.8 | 3.3 | 14.5% |
| United States | 0.9 | 1.2 | 2.8 | 1.8 | 26.0% |
| Others | 6.0 | 4.3 | 5.6 | 5.4 | -3.5% |
| Total | 33.2 | 43.6 | 63.9 | 66.5 | 26.1% |
Top Suppliers of Winding Wire, Other than of Copper to Thailand in 2022:
- China (4236.4 tons)
- India (474.2 tons)
- Taiwan (Chinese) (262.4 tons)
- Vietnam (254.7 tons)
- Japan (175.0 tons)
- United States (104.7 tons)
Exports of Winding Wire, Other than of Copper in Thailand
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 -16.5% to 2.2K tons. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year.
In value terms, exports of winding wire, other than of coppers reduced to $20M in 2022. Overall, exports showed a abrupt downturn. The smallest decline of -2.6% was in 2020.
| Export of Winding Wire, Other than of Copper in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.6 | 3.8 | 4.5 | 5.0 | 2.8% |
| China | 4.5 | 4.0 | 5.0 | 3.4 | -8.9% |
| Indonesia | 1.6 | 1.1 | 1.5 | 1.5 | -2.1% |
| Cambodia | 2.2 | 1.9 | 1.8 | 1.5 | -12.0% |
| Philippines | 0.5 | 0.5 | 1.1 | 1.2 | 33.9% |
| United States | 4.9 | 5.0 | 1.6 | 1.2 | -37.4% |
| Japan | 1.1 | 2.1 | 0.9 | 1.1 | 0.0% |
| Mexico | N/A | N/A | 0.9 | 0.9 | 0.0% |
| Malaysia | 0.7 | 1.4 | 0.9 | 0.8 | 4.6% |
| Turkey | 0.7 | 0.6 | 0.6 | 0.7 | 0.0% |
| Myanmar | 0.6 | 0.6 | 0.5 | 0.7 | 5.3% |
| India | 0.6 | 0.8 | 1.1 | 0.7 | 5.3% |
| Uruguay | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Others | 3.8 | 3.6 | 2.4 | 1.2 | -31.9% |
| Total | 26.3 | 25.7 | 23.2 | 20.3 | -8.3% |
Top Export Markets for Winding Wire, Other than of Copper from Thailand in 2022:
- Vietnam (485.4 tons)
- Cambodia (385.4 tons)
- China (309.7 tons)
- Indonesia (149.1 tons)
- United States (131.9 tons)
- Philippines (112.7 tons)
- Myanmar (97.3 tons)
- Turkey (89.5 tons)
- Mexico (88.2 tons)
- Japan (74.6 tons)
- Malaysia (55.4 tons)
- Uruguay (48.5 tons)
- India (43.1 tons)
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