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Hong Kong SAR, China - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights

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Jul 27, 2023

Hong Kongs Wire and Cable Price Decreases Slightly to $35.4 per kg

Hong Kong Wire And Cable Export Price in May 2023

In May 2023, the wire and cable price amounted to $35,421 per ton (FOB, Hong Kong), declining by -10.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 8.4% month-to-month. As a result, the export price attained the peak level of $42,332 per ton. From October 2022 to May 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was the United States ($52,159 per ton), while the average price for exports to Brazil ($6,398 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Wire And Cable in Hong Kong (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
United States48,59855,62545,65744,40250,96647,68255,74653,30848,75552,94058,08553,62252,159
Taiwan (Chinese)55,35287,16865,93744,89282,14447,36283,37168,186134,13845,33564,03336,30247,277
Germany38,16431,67848,95838,25239,88638,01643,88955,40634,88551,15544,92244,75544,588
Mexico49,71065,48156,78849,02661,17245,79750,32542,09158,01782,32855,09648,97543,287
China36,67337,98640,82042,73147,44745,60041,58548,53145,85541,92048,63048,20341,107
India27,60438,90943,62436,32429,35840,12335,72640,99640,80848,66645,93146,00136,475
Japan35,76739,65340,37640,17245,76241,27543,90842,21947,49239,66138,48542,03435,232
Thailand36,56931,81129,67728,67335,08930,54429,57337,35335,79737,22835,63341,97234,230
Philippines24,08328,53531,04623,15628,32425,85523,37429,41532,90441,23623,71820,28028,723
Malaysia60,79026,69331,41633,17430,84034,03238,41834,32933,97833,90735,24831,82622,783
Vietnam24,87921,47626,10730,35532,85429,60628,09729,24124,59324,73726,01926,07920,824
Macao7,8048,5658,16310,7707,9408,4348,9978,8429,36016,23610,4679,6509,905
Brazil17,9446,21220,49328,4568,4039,98959,16026,38713,0304,49913,2389,6846,398
Average36,88538,42439,74139,04442,33239,72641,43040,42035,63837,70840,33439,48035,421

Hong Kong Wire And Cable Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In May 2023, the product with the highest price was insulated electric conductors for a voltage under 1000 v, fitted with connectors ($39,012 per ton), while the average price for exports of winding wire of copper ($22,769 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for the following types: winding wire of copper (+1.9%), while the prices for the other products experienced mixed trend patterns.

Hong Kong Wire And Cable Exports

Wire and cable exports from Hong Kong reduced to 5.2K tons in May 2023, with a decrease of -2% against April 2023 figures. Over the period under review, exports showed a noticeable descent. The growth pace was the most rapid in March 2023 with an increase of 32% m-o-m.

In value terms, wire and cable exports shrank to $184M (IndexBox estimates) in May 2023. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in March 2023 with an increase of 41% m-o-m.

Hong Kong Wire And Cable Exports by Type

Insulated electric conductors for a voltage under 1000 v, fitted with connectors (3.4K tons) was the largest type of wire and cable exported from Hong Kong, accounting for a 66% share of total exports. Moreover, insulated electric conductors for a voltage under 1000 v, fitted with connectors exceeded the volume of the second product type, insulated electric conductors for a voltage under 80 v, not fitted with connectors (988 tons), threefold. The third position in this ranking was taken by winding wire of copper (310 tons), with a 6% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of export of insulated electric conductors for a voltage under 1000 v, fitted with connectors totaled -2.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage under 80 v, not fitted with connectors (-2.2% per month) and winding wire of copper (-7.7% per month).

In value terms, insulated electric conductors for a voltage under 1000 v, fitted with connectors ($133M) remains the largest type of wire and cable exported from Hong Kong, comprising 72% of total exports. The second position in the ranking was held by insulated electric conductors for a voltage under 80 v, not fitted with connectors ($28M), with a 15% share of total exports. It was followed by insulated coaxial cables, with a 5% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of the export volume of insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to -3.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage under 80 v, not fitted with connectors (-1.7% per month) and insulated coaxial cables (+0.7% per month).

Hong Kong Wire And Cable Exports by Country

China (1.5K tons) was the main destination for wire and cable exports from Hong Kong, accounting for a 28% share of total exports. Moreover, wire and cable exports to China exceeded the volume sent to the second major destination, the United States (619 tons), twofold. Vietnam (390 tons) ranked third in terms of total exports with a 7.5% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of volume to China stood at -4.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-2.9% per month) and Vietnam (+0.4% per month).

In value terms, China ($60M), the United States ($32M) and Japan ($13M) were the largest markets for wire and cable exported from Hong Kong worldwide, together accounting for 57% of total exports. Vietnam, Taiwan (Chinese), Thailand, Germany, Mexico, Macao, India, the Philippines, Malaysia and Brazil lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Macao, with a CAGR of +11.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wire and cable market in Hong Kong SAR, China. 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 27321130 -
  • Prodcom 27321150 -
  • Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
  • Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
  • Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
  • Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
  • Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • 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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