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Hong Kong SAR, China - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights

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Aug 21, 2023

Price of Copper Wire in Hong Kong Declines Slightly to $9,363 per Ton

Hong Kong Copper Wire Import Price in May 2023

In May 2023, the copper wire price stood at $9,363 per ton (CIF, Hong Kong), approximately mirroring the previous month. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in January 2023 when the average import price increased by 15% against the previous month. The import price peaked at $12,021 per ton in May 2022; however, from June 2022 to May 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($23,570 per ton), while the price for China ($8,086 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Hong Kong Copper Wire Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Copper Wire in Hong Kong (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Japan10,13111,6749,61215,90713,12613,16216,10414,27513,29315,08912,87313,20623,570
Malaysia10,72610,7069,6029,25410,42110,45110,46710,6538,12811,24710,80610,11011,206
Thailand12,20411,86911,44610,30210,1339,8959,87610,05210,21110,63611,01111,14011,032
Taiwan (Chinese)25,83514,25022,07225,5218,8518,2298,6519,1038,87310,4889,5919,4569,666
Indonesia10,50010,2659,98210,1688,3838,0548,0478,277N/A8,2099,0758,8388,997
China16,07615,76213,24213,7059,46610,80811,57612,09514,3948,9778,9078,5748,086
Average12,02111,76510,71711,2959,2139,2779,5239,63811,0999,1389,8819,4269,363

Hong Kong Copper Wire Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was copper; wire, of copper alloys (other than copper-zinc base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys) ($24,518 per ton), while the price for copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($8,997 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by copper; wire, of copper alloys (other than copper-zinc base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys) (+7.2%), while the prices for the other products experienced mixed trend patterns.

Hong Kong Copper Wire Imports

Copper wire imports into Hong Kong reached 906 tons in May 2023, therefore, remained relatively stable against the month before. In general, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in February 2023 when imports increased by 135% against the previous month.

In value terms, copper wire imports stood at $8.5M (IndexBox estimates) in May 2023. Over the period under review, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in February 2023 when imports increased by 93% against the previous month.

Hong Kong Copper Wire Imports by Type

In May 2023, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (690 tons) constituted the largest type of copper wire supplied to Hong Kong, with a 76% share of total imports. Moreover, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm exceeded the figures recorded for the second-largest type, copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (194 tons), fourfold. The third position in this ranking was held by copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (10 tons), with a 1.1% share.

From May 2022 to May 2023, the average monthly growth rate of the volume of import of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm amounted to +3.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less (-4.2% per month) and copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (+1.0% per month).

In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($6.2M) constituted the largest type of copper wire supplied to Hong Kong, comprising 73% of total imports. The second position in the ranking was taken by copper; wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less ($1.9M), with a 23% share of total imports. It was followed by copper; wire, of copper alloys (other than copper-zinc base alloys, copper-nickel base alloys or copper-nickel-zinc base alloys), with a 2.2% share.

Hong Kong Copper Wire Imports by Country

In May 2023, Indonesia (690 tons) constituted the largest copper wire supplier to Hong Kong, accounting for a 76% share of total imports. Moreover, copper wire imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (104 tons), sevenfold. Taiwan (Chinese) (51 tons) ranked third in terms of total imports with a 5.6% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of volume from Indonesia totaled +6.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-5.2% per month) and Taiwan (Chinese) (+18.1% per month).

In value terms, Indonesia ($6.2M) constituted the largest supplier of copper wire to Hong Kong, comprising 73% of total imports. The second position in the ranking was taken by China ($840K), with a 9.9% share of total imports. It was followed by Taiwan (Chinese), with a 5.8% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value from Indonesia totaled +4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-10.5% per month) and Taiwan (Chinese) (+8.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper wire market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24442330 - Copper wire, refined (transv. section > 6 mm), of copper alloy
  • Prodcom 24442350 - Copper wire with cross-sectional dimension > 0,5 mm, . 6 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
  • Prodcom 24442370 - Copper wire with cross-sectional dimension . 0,5 mm (excluding twine or cord reinforced with wire, stranded wire and cables)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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