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U.S. Aluminum Insulated Wire And Cable Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Aluminum Insulated Wire And Cable Market. Analysis And Forecast to 2030

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Apr 20, 2023

Aluminum Insulated Wire Import to US Decreases to $274M in Feb 2023

U.S. Aluminum Insulated Wire Imports

In February 2023, purchases abroad of aluminum insulated wire and cable decreased by -4.6% to 62K tons for the first time since November 2022, thus ending a two-month rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 27% against the previous month. As a result, imports attained the peak of 74K tons. From April 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

In value terms, aluminum insulated wire imports declined to $274M (IndexBox estimates) in February 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 29% against the previous month.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Import Value Aluminum Insulated Wire in U.S. (million USD)
Canada108.0143.0139.0139.0128.0114.0117.0111.094.983.585.1106.0103.0
Mexico35.844.149.950.749.049.148.040.240.337.033.838.134.4
India8.518.929.828.119.428.216.931.746.129.534.337.534.2
Turkey16.115.718.719.520.821.218.622.216.016.818.513.814.0
Bahrain14.613.019.718.11.44.214.011.012.914.312.814.713.7
Vietnam19.825.520.427.628.724.923.017.314.29.613.310.811.6
Dominican Republic5.12.64.21.82.32.06.04.76.78.26.54.17.6
Indonesia6.36.29.98.45.78.17.06.412.610.06.18.14.5
Russia7.112.96.19.411.14.9N/AN/A0.41.9N/A0.3N/A
Others52.371.159.671.282.272.075.173.866.462.658.656.651.5
Total274.0353.0358.0374.0348.0329.0326.0318.0310.0273.0269.0290.0274.0

Imports by Country

In February 2023, Canada (23K tons) constituted the largest aluminum insulated wire supplier to the United States, with a 38% share of total imports. Moreover, aluminum insulated wire imports from Canada exceeded the figures recorded by the second-largest supplier, India (11K tons), twofold. The third position in this ranking was held by Mexico (6K tons), with a 9.6% share.

From February 2022 to February 2023, the average monthly growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+13.3% per month) and Mexico (-1.3% per month).

In value terms, Canada ($103M) constituted the largest supplier of aluminum insulated wire to the United States, comprising 38% of total imports. The second position in the ranking was taken by Mexico ($34M), with a 13% share of total imports. It was followed by India, with a 12% share.

From February 2022 to February 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.3% per month) and India (+12.3% per month).

Import Prices by Country

In February 2023, the aluminum insulated wire price amounted to $4,435 per ton (CIF, US), approximately mirroring the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 4.5% month-to-month. Over the period under review, average import prices hit record highs at $5,231 per ton in June 2022; however, from July 2022 to February 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Mexico ($5,775 per ton), while the price for India ($3,118 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Bahrain (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminum insulated wire market in the U.S.. 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:

  • NAICS 331318 - Other aluminum rolling, drawing, and extruding

Companies mentioned:

  • Novelis Inc.
  • Aleris International
  • Logan Aluminum Inc.
  • Alexandria Extrusion Company
  • Trulite Glass & Aluminum Solutions
  • Sapa Profiles
  • Brazeway
  • The William L Bonnell Company
  • 80/20 Inc
  • Keymark Corporation
  • Arcadia
  • SRS Industries
  • Astro Shapes
  • Wing Enterprises
  • Sapa North America
  • Aacoa Extrusions
  • The Loxcreen Company
  • Metals USA Building Products
  • Shapes/Arch Holdings
  • Century Aluminum of Kentucky
  • Sapa Extrusions North America
  • Franklin Aluminum Company
  • Lapp Holding NA
  • The Future Foundation
  • Bon L Manufacturing Company
  • Aleris Recycling Bens Run
  • Aleris Holding Company
  • The William L Bonnell Company
  • Real Alloy Specialty Products
  • Amh Holdings
  • Amh Holdings II Inc
  • Sapa Extruder
  • Sapa Extrusions
  • Aleris Corporation

Country coverage:

  • United States

Data coverage:

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