Price for Winding Wire of Copper in Canada - 2023
Contents:
- Price for Winding Wire of Copper in Canada (CIF) - 2023
- Price for Winding Wire of Copper in Canada (FOB) - 2023
- Imports of Winding Wire of Copper in Canada
- Exports of Winding Wire of Copper in Canada
Price for Winding Wire of Copper in Canada (CIF) - 2023
The average winding wire of copper import price stood at $12,652 per ton in June 2023, with an increase of 5.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $13,648 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Austria ($15,190 per ton) and China ($14,620 per ton), while the price for India ($10,444 per ton) and Mexico ($11,066 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winding Wire of Copper in Canada (FOB) - 2023
In June 2023, the average winding wire of copper export price amounted to $12,475 per ton, with a decrease of -5.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 32% month-to-month. The export price peaked at $13,225 per ton in May 2023, and then declined in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.6% per month.
Imports of Winding Wire of Copper in Canada
In 2022, approx. 5.7K tons of winding wire of coppers were imported into Canada; with a decrease of -13.2% compared with the previous year's figure. In general, imports continue to indicate a deep reduction. The smallest decline of -1.5% was in 2021.
In value terms, winding wire of copper imports shrank to $71M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $72M, and then fell in the following year.
| Import of Winding Wire of Copper in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.8 | 41.9 | 55.6 | 55.5 | 5.1% |
| Mexico | 0.8 | 0.8 | 2.8 | 5.1 | 85.4% |
| China | 1.7 | 1.8 | 3.4 | 5.0 | 43.3% |
| Austria | 4.3 | 2.4 | 1.6 | 2.1 | -21.3% |
| India | 0.1 | 0.1 | 0.9 | 1.1 | 122.4% |
| Brazil | 7.4 | 5.1 | 6.0 | N/A | -10.0% |
| Others | 4.4 | 1.5 | 1.8 | 2.5 | -17.2% |
| Total | 66.4 | 53.6 | 72.2 | 71.4 | 2.4% |
Top Suppliers of Winding Wire of Copper to Canada in 2022:
- United States (4284.6 tons)
- China (585.0 tons)
- Mexico (438.5 tons)
- Austria (157.2 tons)
- India (90.3 tons)
- Brazil (4.8 tons)
Exports of Winding Wire of Copper in Canada
In 2022, exports of winding wire of coppers from Canada rose rapidly to 6K tons, surging by 6.7% against 2021 figures. The total export volume increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, winding wire of copper exports expanded modestly to $69M in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Winding Wire of Copper in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.9 | 38.2 | 63.1 | 65.5 | 23.3% |
| Others | 2.2 | 1.9 | 3.0 | 3.1 | 12.1% |
| Total | 37.1 | 40.1 | 66.1 | 68.6 | 22.7% |
Top Export Markets for Winding Wire of Copper from Canada in 2022:
- United States (5.9K tons)
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