U.S. Aluminum Insulated Wire And Cable Market. Analysis And Forecast to 2030
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View PricingNovember 2023 Sees $255M Worth of Aluminum Insulated Wire Imported Into the United States.
U.S. Aluminum Insulated Wire Imports
In November 2023, overseas purchases of aluminum insulated wire and cable increased by 0.2% to 60K tons, rising for the second consecutive month after three months of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 14% month-to-month. As a result, imports attained the peak of 71K tons. From April 2023 to November 2023, the growth of imports failed to regain momentum.
In value terms, aluminum insulated wire imports fell modestly to $255M (IndexBox estimates) in November 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 15% month-to-month. As a result, imports reached the peak of $316M. From April 2023 to November 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Aluminum Insulated Wire in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Canada | 87.3 | 81.2 | 106 | 103 | 115 | 101 | 106 | 94.8 | 94.9 | 94.3 | 92.0 | 95.4 | 94.8 |
| Mexico | 37.0 | 33.8 | 38.1 | 34.4 | 40.4 | 40.5 | 39.1 | 36.0 | 36.6 | 35.2 | 31.2 | 37.9 | 33.6 |
| India | 29.5 | 33.2 | 37.5 | 34.2 | 51.8 | 46.1 | 34.9 | 35.0 | 30.4 | 29.7 | 31.3 | 26.3 | 29.1 |
| Vietnam | 9.6 | 13.3 | 10.8 | 11.6 | 9.1 | 10.9 | 10.4 | 13.6 | 11.3 | 13.0 | 11.8 | 14.7 | 15.0 |
| Turkey | 16.8 | 18.5 | 13.8 | 14.0 | 8.7 | 9.5 | 8.3 | 9.7 | 14.9 | 9.3 | 8.9 | 11.3 | 12.4 |
| Bahrain | 14.3 | 12.8 | 14.7 | 13.7 | 15.5 | 11.7 | 4.5 | 18.1 | 16.5 | 10.9 | 9.2 | 7.4 | 6.3 |
| Indonesia | 10.0 | 6.1 | 8.1 | 4.5 | 5.9 | 6.5 | 7.2 | 6.2 | 5.0 | 4.5 | 4.6 | 5.9 | 3.8 |
| Others | 72.7 | 64.6 | 61.1 | 59.1 | 69.2 | 71.2 | 76.4 | 73.8 | 69.2 | 67.1 | 60.1 | 57.0 | 59.8 |
| Total | 277 | 263 | 290 | 274 | 316 | 297 | 286 | 287 | 279 | 264 | 249 | 256 | 255 |
Imports by Country
In November 2023, Canada (24K tons) constituted the largest supplier of aluminum insulated wire to the United States, with a 40% share of total imports. Moreover, aluminum insulated wire imports from Canada exceeded the figures recorded by the second-largest supplier, India (8.7K tons), threefold. The third position in this ranking was held by Mexico (6.5K tons), with an 11% share.
From November 2022 to November 2023, the average monthly growth rate of volume from Canada totaled +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+2.1% per month) and Mexico (-0.5% per month).
In value terms, Canada ($95M) constituted the largest supplier of aluminum insulated wire to the United States, comprising 37% of total imports. The second position in the ranking was held by Mexico ($34M), with a 13% share of total imports. It was followed by India, with an 11% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.8% per month) and India (-0.1% per month).
Import Prices by Country
In November 2023, the aluminum insulated wire price amounted to $4,246 per ton (CIF, US), flattening at the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 4.7% m-o-m. Over the period under review, average import prices attained the maximum at $4,723 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($5,407 per ton), while the price for Bahrain ($3,118 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.3%), while the prices for the other major suppliers experienced a decline.
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:
- 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
