Spain - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Spain - 2023
Contents:
- Winding Wire Price in Spain (FOB) - 2023
- Winding Wire Price in Spain (CIF) - 2022
- Winding Wire Exports in Spain
- Winding Wire Imports in Spain
Winding Wire Price in Spain (FOB) - 2023
The average winding wire export price stood at $7,217 per ton in August 2023, remaining constant against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in November 2022 an increase of 6.7% against the previous month. Over the period under review, the average export prices reached the maximum at $7,295 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($12,552 per ton), while the average price for exports to Hungary ($5,121 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Price in Spain (CIF) - 2022
In 2022, the average winding wire import price amounted to $7,889 per ton, increasing by 5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($21,583 per ton), while the price for Portugal ($2,233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Exports in Spain
In 2022, approx. 61K tons of winding wire for electrical purposes were exported from Spain; waning by -9.4% on the year before. In general, exports showed a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2% against the previous year. As a result, the exports attained the peak of 67K tons, and then reduced in the following year.
In value terms, winding wire exports fell to $410M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports reached the peak of $432M, and then dropped in the following year.
Export of Winding Wire in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 94.6 | 109 | 136 | 143 | 14.8% |
Germany | 25.4 | 29.2 | 37.9 | 56.7 | 30.7% |
Italy | 53.0 | 42.2 | 67.6 | 51.5 | -1.0% |
Poland | 14.6 | 10.6 | 18.5 | 18.3 | 7.8% |
Portugal | 14.6 | 9.3 | 14.1 | 15.1 | 1.1% |
Morocco | 5.8 | 7.1 | 12.7 | 14.0 | 34.1% |
Czech Republic | 6.6 | 7.4 | 13.4 | 10.7 | 17.5% |
Romania | 10.0 | 9.7 | 13.6 | 8.9 | -3.8% |
Ireland | 5.6 | 4.8 | 7.9 | 8.8 | 16.3% |
Chile | 5.9 | 3.9 | 13.4 | 8.3 | 12.0% |
Hungary | 4.4 | 6.3 | 7.5 | 7.6 | 20.0% |
Slovakia | 16.3 | 15.0 | 17.7 | 7.3 | -23.5% |
Slovenia | 4.7 | 5.2 | 8.8 | 6.9 | 13.7% |
Others | 37.3 | 38.8 | 62.6 | 53.0 | 12.4% |
Total | 299 | 299 | 432 | 410 | 11.1% |
Top Export Markets for Winding Wire from Spain in 2022:
- France (20.6K tons)
- Germany (10.8K tons)
- Italy (8.2K tons)
- Poland (2.2K tons)
- Hungary (2.2K tons)
- Slovakia (1.8K tons)
- Czech Republic (1.6K tons)
- Portugal (1.6K tons)
- Slovenia (1.6K tons)
- Morocco (1.3K tons)
- Ireland (1.1K tons)
- Chile (1.1K tons)
- Romania (1.0K tons)
Winding Wire Imports in Spain
In 2022, winding wire imports into Spain reduced to 10K tons, waning by -8.3% against 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of 11K tons, and then shrank in the following year.
In value terms, winding wire imports shrank to $79M in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $82M, and then fell modestly in the following year.
Import of Winding Wire in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.7 | 9.6 | 15.7 | 19.2 | 14.8% |
Italy | 9.1 | 9.5 | 14.9 | 15.1 | 18.4% |
France | 2.0 | 3.2 | 9.5 | 9.4 | 67.5% |
Germany | 7.3 | 8.3 | 10.6 | 8.6 | 5.6% |
Japan | N/A | N/A | 4.2 | 6.1 | 45.2% |
Slovakia | 5.9 | 4.8 | 7.0 | 5.8 | -0.6% |
Portugal | 1.0 | 1.0 | 3.9 | 3.5 | 51.8% |
Turkey | 2.7 | 2.5 | 3.4 | 2.7 | 0.0% |
United Kingdom | 1.6 | 2.3 | 0.8 | 1.3 | -6.7% |
Others | 4.4 | 6.7 | 12.1 | 7.2 | 17.8% |
Total | 46.6 | 48.0 | 82.0 | 79.0 | 19.2% |
Top Suppliers of Winding Wire to Spain in 2022:
- China (3.1K tons)
- Italy (1.8K tons)
- Portugal (1.6K tons)
- France (0.9K tons)
- Slovakia (0.7K tons)
- Germany (0.6K tons)
- Japan (0.5K tons)
- Turkey (0.3K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the winding wire market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321100 - Winding wire for electrical purposes
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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