South Africa - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's 2023 Import of Wire and Cable Sees a Slight Increase, Reaching $539M
South Africa Wire And Cable Imports
For the third year in a row, South Africa recorded growth in overseas purchases of insulated wire and cable, which increased by 13% to 69K tons in 2023. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 276% against the previous year. As a result, imports attained the peak of 162K tons. From 2016 to 2023, the growth of imports failed to regain momentum.
In value terms, wire and cable imports soared to $539M (IndexBox estimates) in 2023. In general, total imports indicated a moderate increase from 2013 to 2023: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +103.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2023 and are likely to see gradual growth in the near future.
| COUNTRY | Import Value of Wire And Cable in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Botswana | 41.7 | 55.9 | 109 | 107 | 114 | 123 | 117 | 76.4 | 105 | 141 | 151 |
| China | 66.1 | 70.6 | 72.0 | 69.6 | 83.5 | 86.9 | 84.8 | 62.4 | 94.1 | 105 | 99.5 |
| Italy | 15.7 | 17.5 | 16.3 | 15.3 | 15.4 | 17.5 | 21.5 | 16.9 | 28.0 | 38.5 | 35.9 |
| India | 2.1 | 3.6 | 2.1 | 1.7 | 3.1 | 3.9 | 5.1 | 2.7 | 4.5 | 7.7 | 30.9 |
| Portugal | 5.1 | 4.3 | 6.9 | 3.0 | 3.7 | 4.3 | 7.5 | 4.9 | 20.5 | 15.9 | 28.5 |
| Thailand | 12.9 | 12.3 | 10.5 | 18.6 | 14.6 | 16.7 | 18.3 | 16.2 | 24.8 | 18.3 | 25.1 |
| Spain | 14.2 | 24.5 | 5.1 | 2.8 | 1.5 | 2.2 | 5.3 | 3.9 | 7.3 | 13.9 | 24.9 |
| United States | 19.0 | 16.2 | 13.3 | 13.2 | 12.3 | 9.6 | 9.4 | 9.2 | 11.6 | 13.7 | 20.7 |
| Germany | 25.9 | 17.1 | 13.5 | 14.2 | 13.9 | 14.9 | 15.4 | 12.5 | 16.2 | 17.1 | 20.7 |
| Zambia | 38.2 | 36.1 | 19.7 | 7.9 | 10.1 | 7.1 | 6.0 | 1.5 | 9.2 | 8.8 | 14.0 |
| Others | 96.9 | 81.0 | 79.0 | 70.0 | 69.4 | 74.9 | 88.8 | 58.6 | 89.8 | 86.6 | 87.7 |
| Total | 338 | 339 | 347 | 323 | 341 | 361 | 379 | 265 | 411 | 467 | 539 |
Imports by Country
Botswana (23K tons), China (19K tons) and Italy (4K tons) were the main suppliers of wire and cable imports to South Africa, together accounting for 67% of total imports. India, Spain, Portugal, Zambia, Thailand, Germany and the United States lagged somewhat behind, together accounting for a further 20%.
From 2013 to 2023, the biggest increases were recorded for India (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest wire and cable suppliers to South Africa were Botswana ($151M), China ($100M) and Italy ($36M), together comprising 53% of total imports. India, Portugal, Thailand, Spain, Germany, the United States and Zambia lagged somewhat behind, together comprising a further 31%.
Among the main suppliers, India, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Wiring sets used in vehicles, aircraft or ships (23K tons), insulated electric conductors for a voltage under 80 v, not fitted with connectors (21K tons) and insulated electric conductors for a voltage under 1000 v, fitted with connectors (11K tons) were the main products of wire and cable imports to South Africa, together comprising 82% of total imports.
From 2013 to 2023, the biggest increases were recorded for wiring sets used in vehicles, aircraft or ships (with a CAGR of +19.9%), while purchases for the other products experienced more modest paces of growth.
In value terms, insulated wire and cable with the largest imports in South Africa were insulated electric conductors for a voltage under 80 v, not fitted with connectors ($187M), wiring sets used in vehicles, aircraft or ships ($167M) and insulated electric conductors for a voltage under 1000 v, fitted with connectors ($113M), together comprising 87% of total imports. Insulated electric conductors for a voltage over 1000 v, insulated coaxial cables, winding wire of copper and winding wire, other than of copper lagged somewhat behind, together accounting for a further 13%.
Import Prices by Country
In 2023, the wire and cable price amounted to $7,856 per ton (CIF, South Africa), increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 251%. The import price peaked at $8,384 per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($20,682 per ton), while the price for China ($5,373 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the wire and cable 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 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:
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
