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Aluminum Wire (Copper Cladded) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23201
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Aluminum Wire (Copper Cladded) Prices March 2024
|
Product
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Category | Region | Price |
|---|---|---|---|
| Aluminum Wire (Copper Cladded) | Metals | Korea | $6,600/Ton |
| Aluminum Wire (Copper Cladded) | Metals | Brazil | $4,360/Ton |
In the first quarter of 2024, the price of the aluminum wire (copper cladded) in Korea reached $6,600/Ton. The price of aluminum wire (copper cladded) in Korea increased by 0.7% as compared to the previous month. The increase in price was driven by the demand from the construction and housing sectors, amidst stable market conditions and moderate supply levels. Similarly, in Brazil, the aluminum wire (copper cladded) prices hit $4,360/Ton.
Aluminum Wire (Copper Cladded) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Aluminum Wire (Copper Cladded) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of aluminum wire (copper cladded) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of aluminum wire (copper cladded) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of aluminum wire (copper cladded) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing aluminum wire (copper cladded) price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Aluminum Wire (Copper Cladded) Market Analysis
The global aluminum wire (copper cladded) market size reached US$ 26.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 44.7 Billion, at a projected CAGR of 5.90% during 2023-2032.
The aluminum wires market is primarily driven by the extensive demand for industrial ethernet. This can be attributed to the rising broadband internet penetration and the growing popularity of the internet of things (IoT) and automation in industries. Aluminum patch cables, which are commonly referred to as copper clad aluminum (CCA) or copper clad ethernet (CCE), have a higher absorption than pure copper cables, thus there widespread adoption is creating significant demand for aluminum wires. The aluminum wires market is witnessing growth but there is also a tough competition between the players in the market. To gain attention and stay ahead of the competition, players in the market are launching innovative products related to aluminum wire. For instance, in October 2021, Furukawa Electric Group, a Japan-based aluminum wire manufacturer, partnered with Toyota Boshoku Corporation to install aluminum electrical wire in wire harnesses (WHs) for the new Toyota Land Cruiser 300 automobile seats. This technology uses the superbly corrosion-resistant Alpha Terminal Series. The wire harnesses (WHs) for this model's seats employ aluminum electrical wire in 115 of 152 circuits (a 75% aluminum adoption rate), decreasing weight by 44% and contributing to enhanced automotive environmental performance. In addition to this, Heraeus Electronics, a leading provider of material solutions for electronics packaging, announced the launch of a next generation wire for power applications. The product named CucorAl Plus renews the existing product CucorAl offering superior electrical and mechanical properties combined with a better processability. Furthermore, strategic collaborations and acquisitions to expand the market and develop new products are significantly contributing to the growth of the market. For instance, in November 2021, Elcowire entered into an agreement to acquire KME's Rod and Wire assets and business located in Hettstedt, Germany with 180 employees. For Elcowire, this means doubling the capacity to 300'000MT for Copper Rod and adding a large share of the market with a wide range of capabilities for Wire & Strands solutions. Acquiring the Rod and Wire business from KME will strengthen Elcowire and give access to a larger customer base and product portfolio, as well as expand the geographical coverage. The combined capabilities will enable Elcowire to meet the increased demand for refined copper needed for the transformation to sustainable energy and electrification.
Aluminum Wire (Copper Cladded) News
The report covers the latest developments, updates, and trends impacting the global aluminum wire (copper cladded) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the aluminum wire (copper cladded) price trend.
Latest developments in the Aluminum Wire (Copper Cladded) industry:
- In April 2024, RUSAL, one of the world's largest aluminum producers, successfully supplied rolling slabs containing recycled content to a longstanding partner. This supply comes in response to increasing demand for sustainable aluminum products, particularly within the food and beverage sector.
- In September 2023, Vedanta Resources Ltd, world’s leading natural resources conglomerate, announced that the ownership and management of Konkola Copper Mines has been returned to the company following a historic decision by the Government of Republic of Zambia.
Product Description
Aluminum wire (copper cladded) is an advanced electrical wire that has an aluminum conductor surrounded by a copper jacket. This structure is a combination of the best properties of metals and can be used in many fields and industries. The aluminum core makes the cable lighter and cheaper than a cable made of pure copper wire, while the copper skin makes the cable more conductive and resistant to corrosion. These wires have remarkable electrical characteristics such as high conductivity and mechanical strength. Also, the copper layer provides better thermal conductivity, making them ideal for harsh conditions. Aluminum wire (copper cladded) is commonly used in industries like construction, automotive, and telecommunications where performance is very important. This material is preferred in electrical and electronic systems due to its low density, high conductivity, and relatively cheap price.
Regional Coverage
The report provides a detailed analysis of the aluminum wire (copper cladded) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the aluminum wire (copper cladded) price trend.
Global Aluminum Wire (Copper Cladded) Price
The report offers a holistic view of the global aluminum wire (copper cladded) pricing trends in the form of aluminum wire (copper cladded) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of aluminum wire (copper cladded) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed aluminum wire (copper cladded) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Aluminum Wire (Copper Cladded) Price
The Europe region registered a significant upswing in prices for aluminum wire (copper cladded) due to decreased availability and higher demand from end-user segments, particularly construction segment. Although there was a marginal deterioration in the latter half of the period, the overall price direction was upward as suppliers and buyers became wary of scarcity and demand escalation.
Detailed price information for aluminum wire (copper cladded) can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Aluminum Wire (Copper Cladded) Price
Aluminum wire (copper cladded) saw a high demand due to rising construction activities and automotive industries and increasing focus towards clean energy. This aspect points to the enhanced economic environment and less pressure from inflation, which gives a clue of sustained growth in the region.
Specific aluminum wire (copper cladded) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Aluminum Wire (Copper Cladded) Price
The aluminum wire (copper cladded) pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global aluminum wire (copper cladded) supply and prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Aluminum Wire (Copper Cladded) Price
Pricing for aluminum wire (copper cladded) remained relatively stable in the Asia Pacific region with only slight price hikes within the region. This trend was due to moderate supply and slight increase in demand as seen in the construction industry. Even though there were some stimulus measures and accommodating monetary policies, there was not much purchasing and overall, the market was stable.
This aluminum wire (copper cladded) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Aluminum Wire (Copper Cladded) Price
Latin America's aluminum wire (copper cladded) market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in aluminum wire (copper cladded) prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing aluminum wire (copper cladded) pricing trends in this region.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Aluminum Wire (Copper Cladded) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Aluminum Wire (Copper Cladded) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of aluminum wire (copper cladded) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
- The study examines factors affecting aluminum wire (copper cladded) price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The aluminum wire (copper cladded) price charts ensure our clients remain at the forefront of the industry.
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