Copper Wire Price in Denmark - 2023

Contents:

1. Copper Wire Price in Denmark (CIF) - 2022
2. Copper Wire Price in Denmark (FOB) - 2023
3. Copper Wire Imports in Denmark
4. Copper Wire Exports in Denmark

Copper Wire Price in Denmark (CIF) - 2022

In 2022, the average copper wire import price amounted to $9,370 per ton, surging by 2.5% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by +74.9% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 52%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Turkey ($12,612 per ton), while the price for Italy ($5,888 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Denmark (FOB) - 2023

In August 2023, the average copper wire export price amounted to $10,000 per ton, reducing by -3.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 31% month-to-month. The export price peaked at $13,441 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In August 2023, the countries with the highest prices were Faroe Islands ($12,960 per ton) and Norway ($11,265 per ton), while the average price for exports to Germany ($8,785 per ton) and Poland ($11,006 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Wire Imports in Denmark

In 2022, overseas purchases of copper wires decreased by -45.1% to 4.3K tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of 7.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, copper wire imports shrank markedly to $40M in 2022. In general, imports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of $72M, and then reduced sharply in the following year.

Top Suppliers of Copper Wire to Denmark in 2022:

1. Germany (2518.1 tons)
2. Poland (749.1 tons)
3. Sweden (571.2 tons)
4. Turkey (294.0 tons)
5. Italy (138.1 tons)

Copper Wire Exports in Denmark

In 2022, copper wire exports from Denmark rose remarkably to 852 tons, surging by 15% against the previous year. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire exports reached $7.3M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Copper Wire from Denmark in 2022:

1. Germany (709.1 tons)
2. Poland (55.1 tons)
3. Norway (25.7 tons)
4. Finland (16.4 tons)
5. Faroe Islands (10.2 tons)
6. Sweden (7.7 tons)

Source: IndexBox Market Intelligence Platform