Asia: Aluminium Stranded Wire Market 2020

Aluminium Stranded Wire Market Size in Asia

The revenue of the aluminium stranded wire market in Asia amounted to $X in 2017, surging by X% against the previous year. The aluminium stranded wire consumption continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2013, when it surged by X% y-o-y. The level of aluminium stranded wire consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Aluminium Stranded Wire Production in Asia

The aluminium stranded wire production stood at X tons in 2017, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. The volume of aluminium stranded wire production peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Aluminium Stranded Wire Exports in Asia

The exports stood at X tons in 2017, shrinking by -X% against the previous year. The aluminium stranded wire exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, aluminium stranded wire exports amounted to $X in 2017. The total exports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the aluminium stranded wire exports decreased by -X% against 2014 indices. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Aluminium Stranded Wire Exports by Country in Asia

China represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. India (X tons) ranks second in terms of the global exports with a X% share, followed by Bahrain (X%) and Turkey (X%). South Korea (X tons) took the minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Korea (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Bahrain (-X%) illustrated a downward trend over the same period. While the share of Bahrain (X%) increased significantly in terms of the global exports from 2007-2017, the share of Turkey (-X%), India (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium stranded wire supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Bahrain, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Bahrain (-X% per year).

Aluminium Stranded Wire Export Prices by Country in Asia

The aluminium stranded wire export price in Asia stood at $X per ton in 2017, approximately reflecting the previous year. The aluminium stranded wire export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the export prices for aluminium stranded wire, cables and plaited bands attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for aluminium stranded wire, cables and plaited bands stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year), while the other leaders experienced a decline in the export price figures.

Aluminium Stranded Wire Imports in Asia

In 2017, aluminium stranded wire imports in Asia stood at X tons, surging by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the aluminium stranded wire imports increased by +X% against 2008 indices. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Over the period under review, the aluminium stranded wire imports reached its peak figure volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, aluminium stranded wire imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Aluminium Stranded Wire Imports by Country in Asia

In 2017, Saudi Arabia (X tons) represented the major importer for aluminium stranded wire, cables and plaited bands, committing X% of total imports. It was distantly followed by Indonesia (X tons), Lao People's Democratic Republic (X tons), Myanmar (X tons), Oman (X tons) and the Philippines (X tons), together achieving X% share of total imports. Cambodia (X tons), Thailand (X tons), Bangladesh (X tons), the United Arab Emirates (X tons), Turkey (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to aluminium stranded wire imports into Saudi Arabia stood at +X%. At the same time, Lao People's Democratic Republic (+X%), Indonesia (+X%), Cambodia (+X%), the Philippines (+X%), Oman (+X%), Thailand (+X%), Bangladesh (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%), Turkey (-X%) and India (-X%) illustrated a downward trend over the same period. India (X%) significantly strengthened its position in terms of the global imports, while Bangladesh, Thailand, Myanmar, Oman, the Philippines, Cambodia, Indonesia, Lao People's Democratic Republic and Saudi Arabia saw its share reduced by -X%, -X%, -X%, -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported aluminium stranded wire, cables and plaited bands in Asia, making up X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports. It was followed by Myanmar, with a X% share.

In Saudi Arabia, aluminium stranded wire imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (+X% per year) and Myanmar (+X% per year).

Aluminium Stranded Wire Import Prices by Country in Asia

In 2017, the aluminium stranded wire import price in Asia amounted to $X per ton, approximately reflecting the previous year. The aluminium stranded wire import price continues to indicate a measured deduction. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the import prices for aluminium stranded wire, cables and plaited bands reached its maximum level of $X per ton in 2009; however, from 2010 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bangladesh (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform