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Thailand - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Copper Wire - Market Analysis, Forecast, Size, Trends And Insights

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Apr 10, 2023

Thailand Copper Wire Price Fluctuates Wildly, Drops 2% to $9,303/Ton in 2022

Thailand Copper Wire Export Price in February 2023

In February 2023, the copper wire price stood at $9,303 per ton in December 2022 (FOB, Thailand), falling by -1.7% against the previous month. In general, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in November 2022 an increase of 5.7% month-to-month. The export price peaked at $11,847 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In December 2022, the highest price was recorded for prices to Japan ($10,153 per ton) and India ($9,393 per ton), while the average price for exports to Vietnam ($8,928 per ton) and the Philippines ($9,098 per ton) were amongst the lowest.

From February 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.1%), while the prices for the other major destinations experienced a decline.

Thailand Copper Wire Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) ($13,072 per ton), while the average price for exports of copper; wire, of copper-zinc base alloys (brass) ($3,583 per ton) was amongst the lowest.

From February 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for the following types: copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (+0.0%), while the prices for the other products experienced more modest paces of growth.

Thailand Copper Wire Exports

In February 2023, overseas shipments of copper wire were finally on the rise to reach 3.7K tons after three months of decline. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in June 2022 when exports increased by 1,290% against the previous month. The exports peaked at 4.2K tons in August 2022; however, from September 2022 to February 2023, the exports remained at a lower figure.

In value terms, copper wire exports totaled less than $0.1 (IndexBox estimates) in February 2023. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in June 2022 with an increase of 1,028% month-to-month. The exports peaked at 39K tons in August 2022; however, from September 2022 to February 2023, the exports stood at a somewhat lower figure.

Thailand Copper Wire Exports by Type

Copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm (3.2K tons) was the largest type of copper wire exported from Thailand, with a 100% share of total exports. It was followed by copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (1.6 tons), with a 0.1% share of total exports.

From February 2022 to December 2022, the average monthly rate of growth in terms of the volume of export of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm amounted to +76.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (+0.0% per month) and copper; wire, of copper-zinc base alloys (brass) (-37.9% per month).

In value terms, copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm ($29M) remains the largest type of copper wire exported from Thailand, comprising 100% of total exports. The second position in the ranking was held by copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) ($21K), with a 0.1% share of total exports.

From February 2022 to December 2022, the average monthly rate of growth in terms of the export volume of copper; wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm stood at +73.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: copper; wire, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) (+0.0% per month) and copper; wire, of copper-zinc base alloys (brass) (-42.8% per month).

Thailand Copper Wire Exports by Country

India (2.3K tons) was the main destination for copper wire exports from Thailand, accounting for a 71% share of total exports. Moreover, copper wire exports to India exceeded the volume sent to the second major destination, the Philippines (421 tons), fivefold. Vietnam (421 tons) ranked third in terms of total exports with a 13% share.

From February 2022 to December 2022, the average monthly growth rate of volume to India amounted to +242.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Philippines (+321.6% per month) and Vietnam (+165.0% per month).

In value terms, India ($21M) remains the key foreign market for copper wire exports from Thailand, comprising 72% of total exports. The second position in the ranking was taken by the Philippines ($3.8M), with a 13% share of total exports. It was followed by Vietnam, with a 13% share.

From February 2022 to December 2022, the average monthly rate of growth in terms of value to India amounted to +176.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Philippines (+301.9% per month) and Vietnam (+274.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper wire market in Thailand. 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:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • 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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