Price for Winding Wire, Other than of Copper in the UK - 2024
Contents:
- Price for Winding Wire, Other than of Copper in the UK (CIF) - 2022
- Price for Winding Wire, Other than of Copper in the UK (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in the UK
- Exports of Winding Wire, Other than of Copper in the UK
Price for Winding Wire, Other than of Copper in the UK (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $3,771 per ton, dropping by -86.1% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 137%. As a result, import price attained the peak level of $27,118 per ton, and then shrank rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($28,449 per ton), while the price for China ($3,872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in the UK (FOB) - 2022
In 2022, the average export price for winding wire, other than of coppers amounted to $30,396 per ton, increasing by 9% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for winding wire, other than of coppers increased by +132.2% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is expected to retain 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 the United States ($59,361 per ton), while the average price for exports to Gibraltar ($9,808 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 the United States (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in the UK
Imports of winding wire, other than of coppers into the UK soared to 1.7K tons in 2022, surging by 45% on the year before. In general, imports, however, continue to indicate a pronounced downturn.
In value terms, imports of winding wire, other than of coppers stood at $15M in 2022. Overall, imports, however, showed a deep reduction.
Import of Winding Wire, Other than of Copper in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 0.1 | 0.8 | 0.4 | 4.6 | 258.3% |
China | 2.0 | 1.6 | 1.7 | 3.6 | 21.6% |
India | 0.5 | 0.5 | 1.3 | 1.5 | 44.2% |
United States | 3.8 | 2.8 | 1.6 | 1.5 | -26.6% |
Sweden | N/A | N/A | N/A | 0.4 | 0% |
France | 0.4 | N/A | 0.1 | 0.3 | -9.1% |
Latvia | 2.3 | 6.7 | 2.3 | 0.3 | -49.3% |
Germany | 6.5 | 7.2 | 3.0 | 0.3 | -64.1% |
Italy | 2.2 | 1.4 | 0.6 | 0.2 | -55.0% |
Thailand | N/A | N/A | 0.1 | 0.2 | 100.0% |
Others | 2.3 | 1.3 | 1.9 | 1.7 | -9.6% |
Total | 20.2 | 22.4 | 13.0 | 14.5 | -10.5% |
Top Suppliers of Winding Wire, Other than of Copper to the UK in 2022:
- China (927.3 tons)
- Norway (229.5 tons)
- India (147.6 tons)
- United States (52.5 tons)
- Sweden (46.8 tons)
- France (36.3 tons)
- Germany (35.8 tons)
- Thailand (26.0 tons)
- Italy (18.8 tons)
- Latvia (17.0 tons)
Exports of Winding Wire, Other than of Copper in the UK
In 2022, exports of winding wire, other than of coppers from the UK rose sharply to 211 tons, growing by 5.5% on the previous year's figure. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 295 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of winding wire, other than of coppers surged to $6.5M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,500 | 1,114 | 784 | 776 | -19.7% |
Switzerland | 218 | 239 | 261 | 589 | 39.3% |
France | 171 | 64.3 | 107 | 442 | 37.2% |
Germany | 487 | 202 | 296 | 287 | -16.2% |
Netherlands | 226 | 61.1 | 311 | 254 | 4.0% |
Czech Republic | 164 | 2.0 | 128 | 251 | 15.2% |
Israel | 202 | 95.0 | 108 | 249 | 7.2% |
Gibraltar | 105 | 197 | 225 | 167 | 16.7% |
Singapore | 92.1 | 131 | 75.3 | 151 | 17.9% |
Gambia | N/A | N/A | N/A | 123 | 0% |
Ireland | 136 | 108 | 195 | 76.8 | -17.3% |
Kenya | 10.8 | 17.6 | N/A | 64.2 | 81.1% |
Ghana | 72.4 | 11.9 | 38.4 | 61.7 | -5.2% |
Others | 2,361 | 3,528 | 2,985 | 3,049 | 8.9% |
Total | 5,746 | 5,772 | 5,514 | 6,540 | 4.4% |
Top Export Markets for Winding Wire, Other than of Copper from the UK in 2022:
- Switzerland (41.0 tons)
- Gibraltar (17.0 tons)
- United States (13.1 tons)
- Gambia (12.4 tons)
- France (8.9 tons)
- Singapore (6.8 tons)
- Netherlands (6.7 tons)
- Kenya (6.2 tons)
- Ghana (6.0 tons)
- Czech Republic (5.5 tons)
- Ireland (5.5 tons)
- Israel (5.1 tons)
- Germany (4.9 tons)
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