Poland's Price for Wire and Cable Drops to $13.3/kg

Poland Wire And Cable Export Price in May 2023

In May 2023, the wire and cable price stood at $13,255 per ton (FOB, Poland), reducing by -2.8% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +5.1%. The pace of growth appeared the most rapid in June 2022 an increase of 68% m-o-m. The export price peaked at $13,642 per ton in April 2023, and then dropped modestly in the following month.

There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Italy ($31,929 per ton), while the average price for exports to Hungary ($8,326 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Poland Wire And Cable Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was insulated coaxial cables ($44,047 per ton), while the average price for exports of insulated electric conductors for a voltage under 80 v, not fitted with connectors ($8,075 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for the following types: insulated electric conductors for a voltage under 80 v, not fitted with connectors (+8.3%), while the prices for the other products experienced more modest paces of growth.

Poland Wire And Cable Exports

Wire and cable exports from Poland expanded sharply to 25K tons in May 2023, increasing by 8% against the previous month. Overall, exports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in January 2023 when exports increased by 41% month-to-month.

In value terms, wire and cable exports rose slightly to $338M (IndexBox estimates) in May 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 with an increase of 43% m-o-m.

Poland Wire And Cable Exports by Type

Insulated electric conductors for a voltage under 80 v, not fitted with connectors (9.9K tons), wiring sets used in vehicles, aircraft or ships (6.1K tons) and insulated electric conductors for a voltage over 1000 v (5.1K tons) were the main products of wire and cable exports from Poland, together comprising 83% of total exports. These products were followed by insulated electric conductors for a voltage under 1000 v, fitted with connectors, winding wire of copper, insulated coaxial cables and winding wire, other than of copper, which together accounted for a further 17%.

From May 2022 to May 2023, the biggest increases were in winding wire, other than of copper (with a CAGR of +14.4%), while shipments for the other products experienced more modest paces of growth.

In value terms, the most traded types of insulated wire and cable in Poland were wiring sets used in vehicles, aircraft or ships ($124M), insulated electric conductors for a voltage under 80 v, not fitted with connectors ($80M) and insulated electric conductors for a voltage under 1000 v, fitted with connectors ($69M), together accounting for 81% of total exports. These products were followed by insulated electric conductors for a voltage over 1000 v, winding wire of copper, insulated coaxial cables and winding wire, other than of copper, which together accounted for a further 19%.

Winding wire, other than of copper, with a CAGR of +2.7%, saw the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

Poland Wire And Cable Exports by Country

Germany (10K tons) was the main destination for wire and cable exports from Poland, accounting for a 40% share of total exports. Moreover, wire and cable exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (2.3K tons), fourfold. The third position in this ranking was held by the United States (1.4K tons), with a 5.5% share.

From May 2022 to May 2023, the average monthly growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Czech Republic (-12.7% per month) and the United States (-5.1% per month).

In value terms, Germany ($112M) remains the key foreign market for wire and cable exports from Poland, comprising 33% of total exports. The second position in the ranking was taken by the Netherlands ($24M), with a 7.1% share of total exports. It was followed by the Czech Republic, with a 7% share.

From May 2022 to May 2023, the average monthly growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+2.4% per month) and the Czech Republic (-0.2% per month).

Source: IndexBox Market Intelligence Platform