Asia-Pacific: Wire And Cable Market 2025

Wire And Cable Market Size in Asia-Pacific

The Asia-Pacific wire and cable market amounted to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wire And Cable Production in Asia-Pacific

In value terms, wire and cable production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Wire And Cable Exports

Exports in Asia-Pacific

After two years of decline, overseas shipments of insulated wire and cable increased by 14% to X tons in 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 42% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 60% of total exports in 2021. South Korea (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together held near 16% share of total exports. The Philippines (X tons), Thailand (X tons), Hong Kong SAR (X tons), Indonesia (X tons), India (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wire and cable exports from China stood at +3.3%. At the same time, Vietnam (+12.1%), the Philippines (+7.3%), Thailand (+7.2%), Indonesia (+3.0%), India (+2.6%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.1% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-2.3%), Malaysia (-3.1%) and Hong Kong SAR (-4.7%) illustrated a downward trend over the same period. While the share of Vietnam (+3.9 p.p.) and China (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-2.2 p.p.) and Hong Kong SAR (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wire and cable supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by South Korea, with a 6.4% share.

In China, wire and cable exports expanded at an average annual rate of +5.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+12.4% per year) and South Korea (+1.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the export price increased by 20% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the other leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports in Asia-Pacific

Wire and cable imports rose notably to X tons in 2021, growing by 12% on 2020. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), followed by Hong Kong SAR (X tons), Thailand (X tons), South Korea (X tons), Vietnam (X tons), China (X tons), Singapore (X tons) and Australia (X tons) were the main importers of insulated wire and cable, together comprising 73% of total imports. The Philippines (X tons), Malaysia (X tons), Indonesia (X tons), India (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable importing markets in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined 48% share of total imports. These countries were followed by Hong Kong SAR, Vietnam, Thailand, Singapore, Australia, Malaysia, Taiwan (Chinese), the Philippines, India and Indonesia, which together accounted for a further 48%.

The Philippines, with a CAGR of +17.2%, recorded the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 when the import price increased by 9.7% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :