Copper Wire Price in Malaysia - 2021

Contents:

1. Copper Wire Price in Malaysia (FOB) - 2021
2. Copper Wire Price in Malaysia (CIF) - 2021
3. Copper Wire Exports in Malaysia
4. Copper Wire Imports in Malaysia

Copper Wire Price in Malaysia (FOB) - 2021

In December 2021, the average copper wire export price amounted to $9,477 per ton, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in July 2021 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2021.

Average prices varied noticeably for the major export markets. In December 2021, the countries with the highest prices were Japan ($10,085 per ton) and India ($9,608 per ton), while the average price for exports to South Korea ($8,823 per ton) and Vietnam ($9,071 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Price in Malaysia (CIF) - 2021

The average copper wire import price stood at $10,148 per ton in December 2021, therefore, remained relatively stable against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in February 2021 an increase of 7.9% month-to-month. Over the period under review, average import prices hit record highs at $10,578 per ton in July 2021; however, from August 2021 to December 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Thailand ($11,101 per ton) and Indonesia ($10,312 per ton), while the price for South Korea ($8,656 per ton) and Taiwan (Chinese) ($8,701 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Exports in Malaysia

Copper wire exports from Malaysia dropped remarkably to 64K tons in 2022, falling by -19.2% compared with the previous year's figure. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 52%.

In value terms, copper wire exports reduced remarkably to $481M in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 92% against the previous year.

Top Export Markets for Copper Wire from Malaysia in 2022:

1. Myanmar (29.4K tons)
2. Australia (9.7K tons)
3. Singapore (7.7K tons)
4. Taiwan (Chinese) (4.8K tons)
5. China (2.6K tons)
6. Vietnam (2.3K tons)
7. Qatar (1.4K tons)
8. Thailand (1.3K tons)
9. Japan (1.2K tons)
10. Philippines (0.4K tons)
11. India (0.3K tons)

Copper Wire Imports in Malaysia

For the fourth consecutive year, Malaysia recorded growth in overseas purchases of copper wires, which increased by 1.2% to 33K tons in 2022. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper wire imports shrank to $244M 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 +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $282M, and then shrank in the following year.

Top Suppliers of Copper Wire to Malaysia in 2022:

1. Myanmar (10.9K tons)
2. Indonesia (4.1K tons)
3. Japan (4.1K tons)
4. China (4.0K tons)
5. Thailand (3.7K tons)
6. Taiwan (Chinese) (1.3K tons)
7. Germany (1.3K tons)
8. South Korea (1.2K tons)

Source: IndexBox Market Intelligence Platform