Copper Wire Price in Chile - 2023
Contents:
- Copper Wire Price in Chile (FOB) - 2023
- Copper Wire Price in Chile (CIF) - 2023
- Copper Wire Exports in Chile
- Copper Wire Imports in Chile
Copper Wire Price in Chile (FOB) - 2023
The average copper wire export price stood at $8,775 per ton in September 2023, flattening at the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 4.1% against the previous month. The export price peaked at $9,408 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the highest price was recorded for prices to Argentina ($8,831 per ton) and Colombia ($8,806 per ton), while the average price for exports to Brazil ($8,686 per ton) and Mexico ($8,753 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Chile (CIF) - 2023
The average copper wire import price stood at $7,898 per ton in September 2023, shrinking by -19.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 54% against the previous month. As a result, import price reached the peak level of $16,147 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Peru ($8,876 per ton), while the price for France amounted to $1,557 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Peru (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Chile
In 2022, approx. 39K tons of copper wires were exported from Chile; with an increase of 7.9% on 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 74%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, copper wire exports reached $360M in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 153%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper Wire in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 33.4 | 52.5 | 116 | 140 | 61.2% |
| Brazil | 48.1 | 43.9 | 86.9 | 70.6 | 13.6% |
| Costa Rica | N/A | 10.0 | 65.3 | 65.1 | 155.1% |
| Colombia | 9.1 | 12.8 | 44.7 | 48.8 | 75.0% |
| Panama | 0.1 | 0.1 | N/A | 17.2 | 456.1% |
| United States | 0.1 | N/A | 4.8 | 5.8 | 287.1% |
| Mexico | N/A | N/A | N/A | 5.5 | 0% |
| South Korea | 3.6 | 4.9 | 5.0 | 4.7 | 9.3% |
| Others | 6.0 | 7.8 | 11.0 | 2.3 | -27.4% |
| Total | 100 | 132 | 334 | 360 | 53.3% |
Top Export Markets for Copper Wire from Chile in 2022:
- Argentina (14.7K tons)
- Brazil (7.7K tons)
- Costa Rica (7.1K tons)
- Colombia (5.2K tons)
- Panama (1.8K tons)
- Mexico (0.7K tons)
- United States (0.7K tons)
- South Korea (0.6K tons)
Copper Wire Imports in Chile
In 2022, supplies from abroad of copper wires decreased by -13.8% to 480 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 130% against the previous year. As a result, imports attained the peak of 874 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, copper wire imports shrank markedly to $4.5M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 decreased by -25.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 85% against the previous year. As a result, imports attained the peak of $6.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Copper Wire in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 415 | 434 | 1,369 | 1,521 | 54.2% |
| Peru | 360 | 3,428 | 2,199 | 1,398 | 57.2% |
| Turkey | 1,425 | 52.3 | 492 | 511 | -29.0% |
| Germany | 117 | 50.7 | 45.1 | 329 | 41.1% |
| China | 23.6 | 150 | 92.4 | 156 | 87.7% |
| Bolivia | N/A | 135 | 228 | 118 | -6.5% |
| Brazil | 88.5 | 1,094 | 33.2 | 75.0 | -5.4% |
| Others | 877 | 766 | 978 | 423 | -21.6% |
| Total | 3,306 | 6,109 | 5,437 | 4,532 | 11.1% |
Top Suppliers of Copper Wire to Chile in 2022:
- Peru (186.4 tons)
- Spain (174.2 tons)
- Turkey (45.4 tons)
- Germany (24.7 tons)
- Bolivia (16.0 tons)
- China (13.3 tons)
- Brazil (2.1 tons)
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