U.S. - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire And Cable Prices in the United States
U.S. Wire And Cable Import Price per Ton in August 2022
In August 2022, the wire and cable price per ton stood at $5.4K (CIF, US), with an increase of 7.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 11% month-to-month. Over the period under review, average import prices hit record highs in August 2022.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was the Philippines ($10.5K per ton), while the price for Romania ($620.0 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 Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Wire And Cable Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was wiring sets used in vehicles, aircraft or ships ($12.4K per ton), while the price for insulated electric conductors for a voltage under 1000 v, fitted with connectors ($2.4K 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 insulated electric conductors for a voltage over 1000 v (+2.1%), while the prices for the other products experienced more modest paces of growth.
U.S. Wire And Cable Imports
In August 2022, after two months of decline, there was growth in overseas purchases of insulated wire and cable, when their volume increased by 2% to 455K tons. The total import volume increased at an average monthly rate of +2.5% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in April 2022 with an increase of 18% month-to-month.
In value terms, wire and cable imports expanded sharply to $2.4B (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +3.4% over the period from January 2022 to August 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in March 2022 with an increase of 24% against the previous month. Imports peaked in August 2022.
U.S. Wire And Cable Imports by Type
In August 2022, insulated electric conductors for a voltage under 1000 v, fitted with connectors (291K tons) constituted the largest type of wire and cable supplied to the United States, accounting for a 64% share of total imports. Moreover, insulated electric conductors for a voltage under 1000 v, fitted with connectors exceeded the figures recorded for the second-largest type, wiring sets used in vehicles, aircraft or ships (95K tons), threefold. Insulated electric conductors for a voltage under 80 v, not fitted with connectors (38K tons) ranked third in terms of total imports with an 8.4% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of insulated electric conductors for a voltage under 1000 v, fitted with connectors totaled +2.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: wiring sets used in vehicles, aircraft or ships (+3.5% per month) and insulated electric conductors for a voltage under 80 v, not fitted with connectors (+4.6% per month).
In value terms, the most traded types of insulated wire and cable in the United States were wiring sets used in vehicles, aircraft or ships ($1.2B), insulated electric conductors for a voltage under 1000 v, fitted with connectors ($699M) and insulated electric conductors for a voltage under 80 v, not fitted with connectors ($318M), together comprising 90% of total imports. These products were followed by insulated electric conductors for a voltage over 1000 v, insulated coaxial cables, winding wire of copper and winding wire, other than of copper, which together accounted for a further 9.8%.
U.S. Wire And Cable Imports by Country
Mexico (119K tons), China (108K tons) and Vietnam (30K tons) were the main suppliers of wire and cable imports to the United States, together accounting for 56% of total imports. These countries were followed by Germany, South Korea, Canada, Honduras, India, Thailand, Taiwan (Chinese), Romania, the UK, the Philippines and Japan, which together accounted for a further 30%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($1.2B) constituted the largest supplier of wire and cable to the United States, comprising 48% of total imports. The second position in the ranking was held by China ($387M), with a 16% share of total imports. It was followed by Vietnam, with a 5.5% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Mexico stood at +3.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+3.4% per month) and Vietnam (+2.3% per month).
This report provides an in-depth analysis of the wire and cable 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 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:
- 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
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