Report Update: Nov 1, 2024

U.S. - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Stranded Wire Prices in the United States

U.S. Stranded Wire Import Price per Ton in July 2022

In July 2022, the stranded wire price per ton stood at $2.9K (CIF, US), standing approximately at the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in March 2022 an increase of 19% against the previous month. As a result, import price reached the peak level of $3.0K per ton. From April 2022 to July 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Mexico ($5.9K per ton), while the price for Malaysia ($1.7K per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Stranded Wire Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was copper stranded wire, cables and plaited bands ($12.4K per ton), while the price for stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($2.6K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (+2.5%), while the prices for the other products experienced mixed trend patterns.

U.S. Stranded Wire Imports

Stranded wire imports into the United States rose remarkably to 65K tons in August 2022, growing by 10% against the previous month's figure. The total import volume increased at an average monthly rate of +4.4% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in April 2022 with an increase of 35% m-o-m. As a result, imports attained the peak of 67K tons. From May 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stranded wire imports rose notably to $190M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +5.7% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in April 2022 when imports increased by 27% month-to-month. Over the period under review, imports hit record highs in August 2022.

U.S. Stranded Wire Imports by Type

In August 2022, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (53K tons) constituted the largest type of stranded wire supplied to the United States, accounting for a 82% share of total imports. Moreover, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated exceeded the figures recorded for the second-largest type, aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (11K tons), fivefold.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated amounted to +3.9%. With regard to the other supplied products, the following average monthly rates of growth were recorded: aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (+7.2% per month) and copper stranded wire, cables and plaited bands (+5.9% per month).

In value terms, stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($136M) constituted the largest type of stranded wire supplied to the United States, comprising 72% of total imports. The second position in the ranking was held by aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) ($46M), with a 24% share of total imports.

U.S. Stranded Wire Imports by Country

Vietnam (10K tons), China (7.5K tons) and Thailand (5.9K tons) were the main suppliers of stranded wire imports to the United States, with a combined 40% share of total imports.

From January 2022 to July 2022, the biggest increases were in Thailand (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($26M), Vietnam ($19M) and China ($17M) were the largest stranded wire suppliers to the United States, together accounting for 36% of total imports. Thailand, India, South Korea, Turkey, Malaysia, Portugal, Canada, Bahrain, Hungary, Italy, Indonesia and Spain lagged somewhat behind, together comprising a further 47%.

Thailand, with a CAGR of +21.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded 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:

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:

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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