Copper Wire Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Copper Wire in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Copper Wire Price Trend for the First Half of 2023


In Asia Pacific, the cost of copper wires surged in the first quarter of 2023 as the market sentiments remained positive throughout the quarter. The rise in the price trend was a direct result of the high number of downstream inquiries and low production due to the onset of Spring festival break.

In addition to this, the policies adopted by the government in the second quarter also supported the rise in the production cost and, in turn, the price trend of copper wires. However, the sliding global economic conditions, a ban on Chinese commodities in European nations, and slow consumption of the product caused it to be a problem in the latter half of the second quarter.


The copper wires demand in the European nations surged in the first quarter of 2023, and the rise in the feedstock prices also positively influenced the price trend of copper wires. The banking crises in Europe depreciated the value of copper in international markets and thus led to a hike in new orders of copper wires.

In the second quarter, the rising price trend of copper wires stabilized as the demand and supply sectors settled at equilibrium due to the wait-and-see approach adopted by the majority of consumers. In addition to this, the rising rates of inflation and declining economic conditions in the global market also negatively affected the price trend of copper wires.

North America

The North American market of copper wires was under pressure of hikes in interest rates and inflation that was caused by the failure of two major Silicon Valley banks. The first half of the first quarter was still supported by consistent demand, but later on, the demand from end-user industries declined with the low rates of consumption.

There was stability in the prices of copper wires in the first half of the second quarter, but soon the uncertainties in the economic conditions of the North American region and debt crises caused the consumers to reduce their buying capacities and, in turn, hampered the price trend of copper wires.

Analyst Insight

According to Procurement Resource, the price trend of Copper Wire is estimated to showcase a mixed pattern as the consumption rates and demand from the downstream industries do not seem to support the rise in prices.

Procurement Resource provides latest prices of Copper Wire. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Copper wires are flexible and durable wires drawn from copper which are highly conductive and thus are employed for electrical and thermal applications. The high electrical conductivity of these wires along with the resistance to corrosion, makes them employable in various industrial applications such as electrical wiring, power transmission, electronics, automotive systems, construction, etc.

Product Details

Report Features Details
Product Name Copper Wire
Industrial Uses Electrical wiring, Power generation and transmission, Electronics and communication, Automotive industry, Heating and cooling systems, Industrial Machinery
HS Code 72299016
Supplier Database Sumitomo Electric Industries Ltd, Alfanar Group, NEXANS, Prysmian S.p.A.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

The initial step in this process is the usage of diamond dyes to draw copper rods under controlled conditions of coolants and lubricants that gives fine wires. In the next step, the drawn copper rods are processed in an electric furnace via annealing where temperature is monitored carefully. In the last bunching step, the wires in bunches are set depending upon their sizes.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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