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Explore the top 10 countries dominating the wire and cable import market, including the United States, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
The rate of expansion was most notable in February 2023 with a 57% month-to-month increase in imports. In terms of value, Wire And Cable imports experienced a significant decline to $382M in July 2023.
In July 2023, the Wire And Cable price reached $18,243 per ton (CIF, Brazil), experiencing a 4.3% increase compared to the previous month.
In May 2023, the Wire And Cable price was $13,255 per ton (FOB, Poland), showing a 2.8% decrease compared to the previous month.
In May 2023, the price of Wire And Cable was $35,421 per ton (FOB, Hong Kong), showing a decrease of -10.3% compared to the previous month.
In January 2023, the wire and cable price stood at $6,991 per ton (FOB, Turkey), surging by 5.3% against the previous month.
In value terms, wire and cable exports surged to $2.5B in March 2023.
In November 2022, the price of wire and cable was $14,976 per ton (FOB, India), showing an increase of 13% compared to the previous month.
In July 2022, the wire and cable price stood at $14.6 per kg (FOB, Mexico), jumping by 27% against the previous month.
In July 2022, the wire and cable price per ton stood at $4,989, rising by 4.7% against the previous month.
The U.S., being the leading importer in the global electric cable market, sharply increased imports last year. In January-October 2021, American cable purchases rose by 43% to 920M tons or by 28% to $19B in value terms compared to the same period of 2020.
Electric wires and cables may hit a record demand amid the infrastructure development for electric vehicles in the U.S., for which the Biden administration's infrastructure bill will allocate $174B. The active deployment of 5G networks and the expansion in the construction sector due to the rush demand for dwellings will also continue driving the market in the medium term.
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