Price for Winding Wire, Other than of Copper in Pakistan - 2023
Contents:
- Price for Winding Wire, Other than of Copper in Pakistan (CIF) - 2023
- Price for Winding Wire, Other than of Copper in Pakistan (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Pakistan
- Exports of Winding Wire, Other than of Copper in Pakistan
Price for Winding Wire, Other than of Copper in Pakistan (CIF) - 2023
In August 2023, the average import price for winding wire, other than of coppers amounted to $2,477 per ton, declining by -65.3% against the previous month. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 30% month-to-month. As a result, import price attained the peak level of $7,140 per ton, and then reduced remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($6,832 per ton), while the price for China stood at $2,367 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-3.0%).
Price for Winding Wire, Other than of Copper in Pakistan (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $2,932 per ton in 2022, shrinking by -31.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 115% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,737 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($10,050 per ton), while the average price for exports to China ($463 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 Djibouti (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Pakistan
In 2022, approx. 1K tons of winding wire, other than of coppers were imported into Pakistan; increasing by 22% compared with the year before. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of winding wire, other than of coppers rose remarkably to $7.5M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Winding Wire, Other than of Copper in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 4.8 | 6.2 | 6.9 | 23.1% |
| Italy | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | N/A | 0.5 | N/A | N/A | 0% |
| Sri Lanka | N/A | 0.2 | 0.4 | N/A | 100.0% |
| Malaysia | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 4.2 | 5.9 | 7.1 | 7.5 | 21.3% |
Top Suppliers of Winding Wire, Other than of Copper to Pakistan in 2022:
- China (984.3 tons)
- Italy (32.7 tons)
- South Korea (6.1 tons)
Exports of Winding Wire, Other than of Copper in Pakistan
In 2022, the amount of winding wire, other than of coppers exported from Pakistan skyrocketed to 15 tons, with an increase of 457% compared with 2021. Over the period under review, exports, however, saw a pronounced shrinkage.
In value terms, exports of winding wire, other than of coppers surged to $37K in 2022. Overall, exports, however, continue to indicate a precipitous setback.
| Export of Winding Wire, Other than of Copper in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 4.8 | N/A | N/A | 24.2 | 71.5% |
| Tanzania | 11.3 | 15.9 | 0.7 | 7.4 | -13.2% |
| China | N/A | N/A | N/A | 5.3 | 0% |
| Djibouti | 9.3 | 2.0 | N/A | N/A | -78.5% |
| United Arab Emirates | 81.5 | 0.5 | N/A | N/A | -99.4% |
| Qatar | N/A | N/A | 8.6 | N/A | 0% |
| Others | 2.3 | 1.3 | 2.2 | N/A | -2.2% |
| Total | 109 | 19.7 | 11.5 | 37.0 | -30.2% |
Top Export Markets for Winding Wire, Other than of Copper from Pakistan in 2022:
- China (11.5 tons)
- Kenya (2.4 tons)
- Tanzania (1.0 tons)
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