Australia: Wire And Cable Market 2025

Wire And Cable Market Size in Australia

In 2021, the Australian wire and cable market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from Australia

In 2021, overseas shipments of insulated wire and cable decreased by -31.3% to X tons, falling for the fourth consecutive year after four years of growth. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when exports increased by 64%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports expanded significantly to $X in 2021. Overall, exports recorded a slight descent. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for wire and cable exports from Australia, with a 55% share of total exports. Moreover, wire and cable exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. The third position in this ranking was held by Papua New Guinea (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+26.0% per year) and Papua New Guinea (-10.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for insulated wire and cable exports from Australia, comprising 53% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total exports. It was followed by Papua New Guinea, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.4% per year) and Papua New Guinea (-9.6% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, with an increase of 61% against the previous year. Overall, the export price posted modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Australia

In 2021, overseas purchases of insulated wire and cable were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wire and cable imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wire and cable to Australia, accounting for a 70% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.6% per year) and South Korea (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Australia, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.5% share of total imports. It was followed by South Korea, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and South Korea (+1.5% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2021, increasing by 12% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wire and cable import price increased by +72.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 38%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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