Australia: Winding Wire Market 2025

Winding Wire Market Size in Australia

In 2022, the Australian winding wire market increased by 0.4% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a noticeable descent. Winding wire consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Winding Wire Production in Australia

In value terms, winding wire production declined to $X in 2022 estimated in export price. In general, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 8% against the previous year. Winding wire production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports from Australia

In 2022, overseas shipments of winding wire for electrical purposes decreased by -48.5% to X tons, falling for the seventh consecutive year after two years of growth. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 260%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, winding wire exports dropped markedly to $X in 2022. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 119%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Papua New Guinea (X tons) were the main destinations of winding wire exports from Australia, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Thailand ($X) and New Zealand ($X) constituted the largest markets for winding wire exported from Australia worldwide, with a combined 54% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average winding wire export price stood at $X per ton in 2022, increasing by 42% against the previous year. In general, the export price recorded a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 99%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Australia

In 2022, imports of winding wire for electrical purposes into Australia shrank to X tons, with a decrease of -2.3% compared with the previous year. In general, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, winding wire imports rose significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of winding wire imports to Australia, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest winding wire suppliers to Australia, together comprising 88% of total imports.

China, with a CAGR of +21.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, surging by 12% against the previous year. In general, import price indicated a mild expansion 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, winding wire import price increased by +45.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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