Spain - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSharp Decline in Spain's Wire and Cable Imports to $382M in July 2023
Spain Wire And Cable Imports
In July 2023, after two months of growth, there was significant decline in overseas purchases of insulated wire and cable, when their volume decreased by -24.5% to 27K tons. Over the period under review, total imports indicated noticeable growth from July 2022 to July 2023: its volume increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports increased by +13.2% against April 2023 indices. The pace of growth appeared the most rapid in February 2023 when imports increased by 57% month-to-month.
In value terms, wire and cable imports declined sharply to $382M (IndexBox estimates) in July 2023. Overall, total imports indicated a pronounced increase from July 2022 to July 2023: its value increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports decreased by -22.9% against June 2023 indices. The growth pace was the most rapid in September 2022 with an increase of 53% against the previous month.
| COUNTRY | Import Value of Wire And Cable in Spain (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Morocco | 139 | 95.6 | 164 | 162 | 158 | 135 | 178 | 190 | 202 | 184 | 218 | 235 | 188 |
| France | 14.9 | 10.8 | 14.8 | 16.5 | 17.5 | 10.5 | 28.0 | 48.1 | 27.6 | 17.9 | 26.3 | 45.4 | 45.8 |
| Germany | 15.1 | 15.2 | 17.6 | 15.7 | 20.8 | 18.4 | 17.0 | 19.5 | 29.7 | 17.9 | 24.1 | 46.4 | 32.0 |
| China | 16.1 | 17.5 | 19.3 | 13.0 | 13.3 | 11.8 | 14.3 | 12.6 | 12.1 | 14.8 | 20.1 | 20.2 | 22.0 |
| Italy | 7.9 | 5.5 | 8.5 | 7.9 | 7.6 | 5.1 | 6.6 | 8.5 | 11.2 | 9.8 | 10.1 | 12.6 | 13.1 |
| Portugal | 8.2 | 5.4 | 6.5 | 8.2 | 6.8 | 5.9 | 8.6 | 7.8 | 9.8 | 6.1 | 9.5 | 8.7 | 5.5 |
| Others | 44.5 | 38.8 | 57.4 | 61.1 | 63.7 | 50.8 | 59.5 | 59.3 | 68.5 | 74.1 | 78.8 | 128 | 75.6 |
| Total | 245 | 189 | 288 | 285 | 288 | 238 | 312 | 346 | 361 | 324 | 387 | 496 | 382 |
Imports by Country
In July 2023, Morocco (11K tons) constituted the largest supplier of wire and cable to Spain, accounting for a 40% share of total imports. Moreover, wire and cable imports from Morocco exceeded the figures recorded by the second-largest supplier, Germany (4.5K tons), twofold. France (2.9K tons) ranked third in terms of total imports with an 11% share.
From July 2022 to July 2023, the average monthly growth rate of volume from Morocco totaled +1.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+11.2% per month) and France (+4.6% per month).
In value terms, Morocco ($188M) constituted the largest supplier of wire and cable to Spain, comprising 49% of total imports. The second position in the ranking was held by France ($46M), with a 12% share of total imports. It was followed by Germany, with an 8.4% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of value from Morocco stood at +2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+9.8% per month) and Germany (+6.5% per month).
Imports by Type
In July 2023, wiring sets used in vehicles, aircraft or ships (16K tons) constituted the largest type of wire and cable supplied to Spain, with a 58% share of total imports. Moreover, wiring sets used in vehicles, aircraft or ships exceeded the figures recorded for the second-largest type, insulated electric conductors for a voltage under 80 v, not fitted with connectors (5.8K tons), threefold. The third position in this ranking was held by insulated electric conductors for a voltage under 1000 v, fitted with connectors (2.2K tons), with an 8% share.
From July 2022 to July 2023, the average monthly growth rate of the volume of import of wiring sets used in vehicles, aircraft or ships amounted to +4.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage under 80 v, not fitted with connectors (+1.1% per month) and insulated electric conductors for a voltage under 1000 v, fitted with connectors (-0.1% per month).
In value terms, wiring sets used in vehicles, aircraft or ships ($258M) constituted the largest type of wire and cable supplied to Spain, comprising 68% of total imports. The second position in the ranking was held by insulated electric conductors for a voltage under 1000 v, fitted with connectors ($56M), with a 15% share of total imports. It was followed by insulated electric conductors for a voltage under 80 v, not fitted with connectors, with a 10% share.
Import Prices by Country
In July 2023, the wire and cable price amounted to $14,172 per ton (CIF, Spain), increasing by 2.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 37% m-o-m. Over the period under review, average import prices hit record highs at $15,010 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($17,467 per ton), while the price for Portugal ($4,807 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+5.0%), 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 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 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:
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
