Price for Winding Wire of Copper in South Africa - 2023
Contents:
- Price for Winding Wire of Copper in South Africa (CIF) - 2023
- Price for Winding Wire of Copper in South Africa (FOB) - 2022
- Imports of Winding Wire of Copper in South Africa
- Exports of Winding Wire of Copper in South Africa
Price for Winding Wire of Copper in South Africa (CIF) - 2023
In July 2023, the average winding wire of copper import price amounted to $11,097 per ton, rising by 9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 41% month-to-month. The import price peaked at $12,911 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($41,016 per ton), while the price for Spain ($10,080 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in South Africa (FOB) - 2022
The average winding wire of copper export price stood at $11,562 per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($13,212 per ton), while the average price for exports to Lesotho ($3,258 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in South Africa
In 2022, approx. 1.3K tons of winding wire of coppers were imported into South Africa; rising by 57% compared with the year before. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +68.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper imports surged to $15M in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire of Copper in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.1 | 1.8 | 4.6 | 8.8 | 61.2% |
| Greece | 2.1 | 1.9 | 2.1 | 2.3 | 3.1% |
| India | 0.2 | 0.1 | 0.4 | 1.1 | 76.5% |
| Italy | 1.0 | 0.4 | 1.1 | 0.8 | -7.2% |
| United States | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Austria | 1.3 | 0.5 | 1.0 | 0.3 | -38.7% |
| China | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Botswana | N/A | 0.4 | N/A | N/A | 0% |
| Others | 0.9 | 1.3 | 1.1 | 0.7 | -8.0% |
| Total | 7.9 | 6.7 | 10.8 | 14.5 | 22.4% |
Top Suppliers of Winding Wire of Copper to South Africa in 2022:
- Spain (856.5 tons)
- Greece (211.0 tons)
- India (97.3 tons)
- Italy (48.0 tons)
- United States (38.7 tons)
- Austria (24.5 tons)
- China (14.4 tons)
Exports of Winding Wire of Copper in South Africa
Winding wire of copper exports from South Africa expanded sharply to 826 tons in 2022, growing by 7.2% compared with 2021 figures. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year.
In value terms, winding wire of copper exports skyrocketed to $9.6M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +101.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Winding Wire of Copper in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 896 | 1,236 | 2,230 | 1,587 | 21.0% |
| Democratic Republic of the Congo | 88.4 | 356 | 543 | 1,197 | 138.3% |
| Zambia | 905 | 588 | 1,521 | 1,029 | 4.4% |
| Namibia | 352 | 389 | 576 | 739 | 28.0% |
| Botswana | 1,430 | 327 | 332 | 702 | -21.1% |
| Lesotho | 154 | 170 | 368 | 511 | 49.2% |
| Swaziland | 251 | 529 | 717 | 389 | 15.7% |
| Ghana | 549 | 215 | 453 | 214 | -27.0% |
| Mozambique | 557 | 346 | 516 | 210 | -27.8% |
| Tanzania | 936 | 388 | 323 | 26.6 | -69.5% |
| Others | 512 | 199 | 273 | 2,951 | 79.3% |
| Total | 6,631 | 4,743 | 7,852 | 9,554 | 12.9% |
Top Export Markets for Winding Wire of Copper from South Africa in 2022:
- Lesotho (156.8 tons)
- Zambia (129.3 tons)
- Zimbabwe (120.1 tons)
- Democratic Republic of the Congo (96.7 tons)
- Botswana (90.6 tons)
- Namibia (70.1 tons)
- Swaziland (50.8 tons)
- Ghana (24.5 tons)
- Mozambique (23.5 tons)
- Tanzania (2.4 tons)
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