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South Africa - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

South Africa - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Apr 10, 2023

South Africa's Stranded Wire Prices leap to $3,085 per Ton in 2022 as Market Volatility Ensuing

South Africa Stranded Wire Import Price in December 2022

In December 2022, the stranded wire price stood at $3,085 per ton (CIF, South Africa), increasing by 29% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 47% m-o-m. As a result, import price reached the peak level of $4,265 per ton. From June 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,076 per ton), while the price for Turkey ($2,092 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

South Africa Stranded Wire Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was copper stranded wire, cables and plaited bands ($12,077 per ton), while the price for stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($3,016 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (+0.8%), while the prices for the other products experienced a decline.

South Africa Stranded Wire Imports

In December 2022, the amount of stranded wire, ropes and cables imported into South Africa declined sharply to 1.7K tons, which is down by -45.6% on the previous month. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 110% m-o-m. As a result, imports attained the peak of 3.1K tons, and then shrank markedly in the following month.

In value terms, stranded wire imports declined markedly to $5.1M (IndexBox estimates) in December 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when imports increased by 83% against the previous month. Over the period under review, imports hit record highs at 7.9K tons in April 2022; however, from May 2022 to December 2022, imports stood at a somewhat lower figure.

South Africa Stranded Wire Imports by Type

In December 2022, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (1.6K tons) was the main type of stranded wire supplied to South Africa, accounting for a 94% share of total imports. Moreover, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated exceeded the figures recorded for the second-largest type, aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (98 tons), more than tenfold.

From December 2021 to December 2022, the average monthly growth rate of the volume of import of stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated amounted to -1.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (+32.7% per month) and copper stranded wire, cables and plaited bands (+1.2% per month).

In value terms, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($4.7M) constituted the largest type of stranded wire supplied to South Africa, comprising 91% of total imports. The second position in the ranking was taken by aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) ($321K), with a 6.3% share of total imports.

South Africa Stranded Wire Imports by Country

In December 2022, China (1.1K tons) constituted the largest stranded wire supplier to South Africa, accounting for a 65% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, the United States (140 tons), eightfold. The third position in this ranking was taken by Italy (129 tons), with a 7.8% share.

From December 2021 to December 2022, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+27.8% per month) and Italy (-5.3% per month).

In value terms, China ($2.3M) constituted the largest supplier of stranded wire to South Africa, comprising 44% of total imports. The second position in the ranking was taken by the United States ($991K), with a 19% share of total imports. It was followed by Malaysia, with a 10% share.

From December 2021 to December 2022, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+17.9% per month) and Malaysia (+5.0% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded wire market in South Africa. 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
  • Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
  • Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
  • Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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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