Price for Winding Wire, Other than of Copper in Finland - 2024

Price for Winding Wire, Other than of Copper in Finland (CIF) - 2022

The average import price for winding wire, other than of coppers stood at $16,574 per ton in 2022, which is down by -2.1% against the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 98% against the previous year. The import price peaked at $16,930 per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($245,895 per ton), while the price for China ($6,974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Winding Wire, Other than of Copper in Finland (FOB) - 2022

In 2022, the average export price for winding wire, other than of coppers amounted to $25,164 per ton, picking up by 134% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The export price peaked at $113,904 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($121,229 per ton), while the average price for exports to Russia ($10,000 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 Greece (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Winding Wire, Other than of Copper in Finland

For the third year in a row, Finland recorded decline in supplies from abroad of winding wire, other than of coppers, which decreased by -6.8% to 65 tons in 2022. In general, imports saw a deep slump. The smallest decline of -5.1% was in 2020.

In value terms, imports of winding wire, other than of coppers contracted to $1.1M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of $1.2M, and then fell in the following year.

Import of Winding Wire, Other than of Copper in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	53.1	240	197	303	78.7%
Estonia	66.1	87.7	101	152	32.0%
Sweden	125	131	202	114	-3.0%
Romania	N/A	N/A	327	89.8	-72.5%
Spain	276	250	39.7	87.1	-31.9%
Poland	N/A	4.7	12.3	49.2	223.5%
Germany	15.7	6.8	7.8	45.5	42.6%
China	25.6	70.4	54.7	39.0	15.1%
India	1.5	N/A	72.5	N/A	595.2%
Others	202	79.2	209	192	-1.7%
Total	766	871	1,223	1,071	11.8%

Top Suppliers of Winding Wire, Other than of Copper to Finland in 2022:

Estonia (21.1 tons)
Sweden (13.1 tons)
Spain (10.9 tons)
China (5.6 tons)
Romania (3.6 tons)
Poland (3.1 tons)
Germany (1.4 tons)
United States (1.2 tons)

Exports of Winding Wire, Other than of Copper in Finland

In 2022, exports of winding wire, other than of coppers from Finland dropped dramatically to 4.3 tons, shrinking by -71.9% against the year before. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 326%. As a result, the exports reached the peak of 15 tons, and then shrank notably in the following year.

In value terms, exports of winding wire, other than of coppers contracted rapidly to $99K in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 185%. As a result, the exports reached the peak of $163K, and then contracted rapidly in the following year.

Export of Winding Wire, Other than of Copper in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	58.6	20.3	19.1	48.2	-6.3%
Qatar	N/A	0.1	N/A	6.3	693.7%
Hong Kong SAR	1.6	N/A	7.3	3.4	28.6%
Sweden	2.5	2.5	4.6	2.2	-4.2%
Netherlands	2.8	2.0	6.6	1.7	-15.3%
China	29.5	10.9	3.5	0.7	-71.3%
Greece	2.1	2.3	0.5	0.4	-42.5%
Lithuania	7.9	1.8	0.1	0.2	-70.6%
Russia	1.2	1.4	104	N/A	830.9%
Others	14.7	16.2	17.2	35.9	34.7%
Total	121	57.2	163	98.9	-6.5%