Copper Wire Price in Romania - 2023
Contents:
- Copper Wire Price in Romania (CIF) - 2023
- Copper Wire Price in Romania (FOB) - 2022
- Copper Wire Imports in Romania
- Copper Wire Exports in Romania
Copper Wire Price in Romania (CIF) - 2023
The average copper wire import price stood at $9,546 per ton in August 2023, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 5.2% against the previous month. Over the period under review, average import prices reached the maximum at $9,776 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($13,193 per ton), while the price for Spain ($7,415 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Price in Romania (FOB) - 2022
The average copper wire export price stood at $9,470 per ton in 2022, surging by 16% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by +41.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Serbia ($8,825 per ton) and Hungary ($8,736 per ton), while the average price for exports to Italy ($6,053 per ton) and Germany ($8,490 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in Romania
After three years of growth, purchases abroad of copper wires decreased by -7% to 85K tons in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 92K tons, and then reduced in the following year.
In value terms, copper wire imports contracted modestly to $840M in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of $874M, and then dropped modestly in the following year.
| Import of Copper Wire in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 154 | 155 | 271 | 269 | 20.4% |
| Germany | 57.9 | 92.0 | 161 | 249 | 62.6% |
| Greece | 57.3 | 57.8 | 117 | 120 | 27.9% |
| Spain | 0.3 | 7.7 | 4.2 | 57.7 | 477.2% |
| Italy | 82.9 | 58.1 | 42.5 | 35.7 | -24.5% |
| Austria | N/A | N/A | N/A | 12.9 | 0% |
| Turkey | 15.6 | 20.1 | 10.9 | 9.1 | -16.4% |
| Poland | 26.8 | 18.1 | 51.5 | 5.9 | -39.6% |
| Others | 62.2 | 110 | 215 | 81.4 | 9.4% |
| Total | 457 | 518 | 874 | 840 | 22.5% |
Top Suppliers of Copper Wire to Romania in 2022:
- Belgium (28.1K tons)
- Germany (24.7K tons)
- Greece (12.1K tons)
- Spain (6.0K tons)
- Italy (3.6K tons)
- Austria (1.2K tons)
- Turkey (0.9K tons)
- Poland (0.6K tons)
Copper Wire Exports in Romania
Copper wire exports from Romania expanded remarkably to 516 tons in 2022, growing by 6.7% compared with 2021 figures. Over the period under review, exports, however, showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 155% against the previous year. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, copper wire exports skyrocketed to $4.9M in 2022. In general, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 151%. As a result, the exports reached the peak of $9.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Copper Wire in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 148 | 274 | 2.3 | 2,118 | 142.8% |
| Italy | 1.9 | 43.6 | 261 | 445 | 516.4% |
| Germany | 145 | 1.5 | 414 | 91.1 | -14.4% |
| Serbia | 2,238 | 678 | N/A | 13.5 | -81.8% |
| Bulgaria | N/A | 158 | 34.6 | N/A | -78.1% |
| Spain | N/A | 965 | 1,112 | N/A | 15.2% |
| Greece | 3.0 | 724 | 17.3 | N/A | 140.1% |
| Czech Republic | 137 | 1.3 | N/A | N/A | -99.1% |
| Others | 1,192 | 6,859 | 2,108 | 2,222 | 23.1% |
| Total | 3,865 | 9,704 | 3,950 | 4,890 | 8.2% |
Top Export Markets for Copper Wire from Romania in 2022:
- Hungary (242.5 tons)
- Italy (73.6 tons)
- Germany (10.7 tons)
- Serbia (1.5 tons)
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