South Africa - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingJuly 2023 Sees a 41% Decline in South Africa's Copper Wire Imports, Reaching $54M.
South Africa Copper Wire Imports
In July 2023, after four months of growth, there was significant decline in overseas purchases of copper wire, when their volume decreased by -41.8% to 6.1K tons. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in November 2022 with an increase of 170% against the previous month.
In value terms, copper wire imports contracted markedly to $54M (IndexBox estimates) in July 2023. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in November 2022 when imports increased by 188% m-o-m.
| COUNTRY | Import Value of Copper Wire in South Africa (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| United Arab Emirates | 9.9 | 1.1 | 11.4 | 12.6 | 51.2 | 18.3 | 12.5 | 19.6 | 37.5 | 37.6 | 42.6 | 71.1 | 41.5 |
| Belgium | 6.5 | 2.3 | 3.6 | 5.6 | 6.3 | 1.2 | 7.0 | 3.9 | 3.0 | 2.0 | 0.9 | 0.7 | 1.0 |
| India | N/A | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 18.1 | N/A | < 0.1 | < 0.1 | < 0.1 | 6.3 | < 0.1 |
| Others | 7.8 | 13.7 | 4.8 | 3.6 | 5.4 | 3.1 | 4.1 | 5.8 | 8.8 | 10.6 | 8.4 | 12.7 | 11.2 |
| Total | 24.2 | 17.2 | 19.7 | 21.8 | 63.0 | 22.6 | 41.7 | 29.3 | 49.3 | 50.2 | 52.0 | 90.8 | 53.6 |
Imports by Country
In July 2023, the United Arab Emirates (4.8K tons) constituted the largest supplier of copper wire to South Africa, accounting for a 78% share of total imports. It was followed by Belgium (108 tons), with a 1.8% share of total imports.
From July 2022 to July 2023, the average monthly rate of growth in terms of volume from the United Arab Emirates amounted to +11.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (-14.3% per month) and India (-1.8% per month).
In value terms, the United Arab Emirates ($41M) constituted the largest supplier of copper wire to South Africa, comprising 77% of total imports. The second position in the ranking was taken by Belgium ($957K), with a 1.8% share of total imports.
From July 2022 to July 2023, the average monthly rate of growth in terms of value from the United Arab Emirates amounted to +12.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (-14.7% per month) and India (+0.0% per month).
Imports by Type
In July 2023, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (5.8K tons) was the main type of copper wire supplied to South Africa, with a 95% 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 (296 tons), more than tenfold. Copper; wire, of copper-zinc base alloys (brass) (8.8 tons) ranked third in terms of total imports with a 0.1% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of import of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm stood at +7.7%. 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 (-1.4% per month) and copper; wire, of copper-zinc base alloys (brass) (+2.3% per month).
In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($51M) constituted the largest type of copper wire supplied to South Africa, comprising 95% 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 ($2.6M), with a 4.8% share of total imports. It was followed by copper; wire, of copper-zinc base alloys (brass), with a 0.2% share.
Import Prices by Country
In July 2023, the copper wire price stood at $8,832 per ton (CIF, South Africa), growing by 1.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 6.7% m-o-m. Over the period under review, average import prices hit record highs at $9,152 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were India ($10,805 per ton) and Germany ($9,417 per ton), while the price for the United Arab Emirates ($8,727 per ton) and Belgium ($8,883 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the copper wire market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
