Spain - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain Sets a New Benchmark With $397M in Stranded Wire Exports in 2023
Spain Stranded Wire Exports
In 2023, stranded wire exports from Spain declined slightly to 64K tons, which is down by -2.1% compared with the year before. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. The exports peaked at 150K tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
In value terms, stranded wire exports expanded sharply to $397M (IndexBox estimates) in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.
| COUNTRY | Export Value of Stranded Wire in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| France | 78.5 | 70.9 | 77.1 | 66.1 | 78.6 | 77.6 | 78.7 | 76.8 | 103 | 111 | 113 |
| Portugal | 44.5 | 37.7 | 45.2 | 69.4 | 48.8 | 27.9 | 32.4 | 27.0 | 39.5 | 52.5 | 63.0 |
| Italy | 34.9 | 20.4 | 19.9 | 18.3 | 23.9 | 27.8 | 29.2 | 37.5 | 66.3 | 65.2 | 62.2 |
| Mexico | 2.0 | 13.8 | 4.9 | 6.4 | 11.2 | 12.4 | 5.1 | 1.3 | 3.5 | 2.8 | 29.3 |
| Morocco | 17.9 | 14.6 | 9.4 | 24.1 | 16.1 | 14.9 | 11.6 | 9.2 | 12.9 | 16.0 | 23.2 |
| Germany | 8.4 | 11.0 | 5.8 | 5.0 | 16.8 | 8.8 | 5.6 | 5.1 | 8.3 | 11.4 | 13.4 |
| India | 0.5 | 0.5 | 0.2 | 0.6 | 16.1 | 0.6 | 0.5 | 2.9 | 10.7 | 10.9 | 10.9 |
| United States | 24.3 | 13.6 | 7.0 | 4.6 | 6.3 | 15.3 | 19.0 | 12.4 | 13.0 | 12.2 | 6.8 |
| Others | 161 | 100 | 86.3 | 78.8 | 73.7 | 83.3 | 97.7 | 61.0 | 81.4 | 83.9 | 75.8 |
| Total | 371 | 283 | 256 | 273 | 292 | 269 | 280 | 233 | 339 | 365 | 397 |
Exports by Country
Portugal (16K tons), France (12K tons) and Italy (8.7K tons) were the main destinations of stranded wire exports from Spain, together accounting for 58% of total exports. Morocco, Mexico, Germany, the United States and India lagged somewhat behind, together comprising a further 24%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.
In value terms, France ($113M), Portugal ($63M) and Italy ($62M) appeared to be the largest markets for stranded wire exported from Spain worldwide, together comprising 60% of total exports. Mexico, Morocco, Germany, India and the United States lagged somewhat behind, together comprising a further 21%.
In terms of the main countries of destination, India, with a CAGR of +37.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (34K tons), copper stranded wire, cables and plaited bands (27K tons) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (3.2K tons) were the main products of stranded wire exports from Spain.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by copper stranded wire, cables and plaited bands (with a CAGR of +7.5%), while the other products experienced a decline.
In value terms, copper stranded wire, cables and plaited bands ($280M) remains the largest type of stranded wire, ropes and cables exported from Spain, comprising 70% of total exports. The second position in the ranking was taken by stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($105M), with a 26% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of copper stranded wire, cables and plaited bands exports totaled +10.6%. With regard to the other exported products, the following average annual rates of growth were recorded: stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (-6.4% per year) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (-14.9% per year).
Export Prices by Country
In 2023, the stranded wire price amounted to $6,187 per ton (FOB, Spain), picking up by 11% against the previous year. In general, export price indicated buoyant growth from 2013 to 2023: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, stranded wire export price increased by +72.9% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 54% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($13,097 per ton), while the average price for exports to Brazil ($2,182 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the stranded wire market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
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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
