ASEAN: Winding Wire Market 2025

Winding Wire Market Size in ASEAN

The ASEAN winding wire market soared to $X in 2022, with an increase of 18% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Winding Wire Production in ASEAN

In value terms, winding wire production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by 9.5% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Winding Wire Exports

Exports in ASEAN

After two years of growth, shipments abroad of winding wire for electrical purposes decreased by -33.2% to X tons in 2022. Overall, exports saw a slight reduction. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, winding wire exports declined markedly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Thailand (X tons) and Malaysia (X tons) dominates exports structure, together comprising 74% of total exports. Indonesia (X tons) took the next position in the ranking, followed by Vietnam (X tons) and Singapore (X tons). All these countries together took near 24% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +11.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest winding wire supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Indonesia ($X), together accounting for 84% of total exports.

Thailand, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.7%), while the other leaders experienced more modest paces of growth.

Winding Wire Imports

Imports in ASEAN

In 2022, approx. X tons of winding wire for electrical purposes were imported in ASEAN; shrinking by -16.8% compared with 2021 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, winding wire imports contracted to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented the main importers of winding wire for electrical purposes in 2022, recording near 25% and 24% of total imports, respectively. The Philippines (X tons) ranks next in terms of the total imports with a 16% share, followed by Singapore (11%), Indonesia (8.8%) and Malaysia (7.4%). Lao People's Democratic Republic (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 69% of total imports.

The Philippines, with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform