Copper Wire Price in Spain - 2023
Contents:
- Copper Wire Price in Spain (FOB) - 2023
- Copper Wire Price in Spain (CIF) - 2023
- Copper Wire Exports in Spain
- Copper Wire Imports in Spain
Copper Wire Price in Spain (FOB) - 2023
The average copper wire export price stood at $8,797 per ton in August 2023, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 4.6% m-o-m. Over the period under review, the average export prices reached the maximum at $9,231 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($11,250 per ton), while the average price for exports to France ($4,611 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 Italy (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Price in Spain (CIF) - 2023
In August 2023, the average copper wire import price amounted to $7,275 per ton, declining by -1.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum at $8,231 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($12,062 per ton), while the price for Belgium ($5,619 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 Turkey (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Copper Wire Exports in Spain
In 2022, exports of copper wires from Spain expanded markedly to 155K tons, with an increase of 7.1% against 2021 figures. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, copper wire exports skyrocketed to $1.4B in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Copper Wire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 294 | 276 | 379 | 380 | 8.9% |
| Portugal | 99.3 | 78.4 | 176 | 375 | 55.7% |
| Italy | 153 | 119 | 254 | 258 | 19.0% |
| Germany | 2.7 | 40.4 | 70.8 | 74.2 | 201.8% |
| France | 69.7 | 68.0 | 83.8 | 63.1 | -3.3% |
| Romania | 2.3 | 4.6 | 4.4 | 55.0 | 188.1% |
| Tunisia | 17.8 | 16.7 | 35.2 | 41.4 | 32.5% |
| Turkey | 5.1 | 22.7 | 22.6 | 25.4 | 70.8% |
| United States | 0.1 | 0.1 | 0.2 | 24.8 | 528.3% |
| Algeria | 36.3 | 20.5 | 17.5 | 7.5 | -40.9% |
| Others | 80.7 | 101 | 162 | 140 | 20.2% |
| Total | 761 | 746 | 1,206 | 1,446 | 23.9% |
Top Export Markets for Copper Wire from Spain in 2022:
- Portugal (39.4K tons)
- Morocco (38.6K tons)
- Italy (28.5K tons)
- France (7.8K tons)
- Germany (7.7K tons)
- Romania (6.2K tons)
- Tunisia (4.3K tons)
- Turkey (2.6K tons)
- United States (2.5K tons)
- Algeria (0.7K tons)
Copper Wire Imports in Spain
After two years of decline, overseas purchases of copper wires increased by 30% to 39K tons in 2022. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper wire imports surged to $304M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +48.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper Wire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 119 | 121 | 60.2 | 116 | -0.8% |
| Italy | 34.9 | 25.9 | 74.1 | 91.7 | 38.0% |
| Germany | 43.7 | 38.2 | 56.3 | 54.4 | 7.6% |
| Belgium | 4.0 | 3.9 | 17.0 | 28.6 | 92.6% |
| Turkey | 5.6 | 5.0 | 6.6 | 7.1 | 8.2% |
| Others | 11.2 | 10.1 | 6.5 | 6.1 | -18.3% |
| Total | 218 | 204 | 221 | 304 | 11.7% |
Top Suppliers of Copper Wire to Spain in 2022:
- France (16.5K tons)
- Italy (12.0K tons)
- Germany (6.6K tons)
- Belgium (3.0K tons)
- Turkey (0.6K tons)
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