Brazil: Wire And Cable Market 2025

Wire And Cable Market Size in Brazil

After seven years of decline, the Brazilian wire and cable market increased by 4.1% to $X in 2021. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wire And Cable Production in Brazil

In value terms, wire and cable production expanded to $X in 2021 estimated in export price. Overall, production showed a abrupt setback. Wire and cable production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports from Brazil

In 2021, overseas shipments of insulated wire and cable were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.0% 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 2018 when exports increased by 19% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wire and cable exports surged to $X in 2021. In general, exports, however, showed a mild decrease. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), Argentina (X tons) and the United States (X tons) were the main destinations of wire and cable exports from Brazil, together accounting for 58% of total exports. These countries were followed by Bolivia, Chile, Colombia, Mexico, Uruguay, Ecuador and Peru, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Paraguay ($X) and the United States ($X) were the largest markets for wire and cable exported from Brazil worldwide, together accounting for 60% of total exports.

Paraguay, with a CAGR of +18.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, growing by 28% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Mexico ($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 Uruguay (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Brazil

In 2021, the amount of insulated wire and cable imported into Brazil surged to X tons, growing by 35% on 2020. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wire and cable imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 Brazil, with a 53% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+47.5% per year) and South Korea (-3.0% per year).

In value terms, the largest wire and cable suppliers to Brazil were China ($X), Paraguay ($X) and the United States ($X), with a combined 57% share of total imports.

Among the main suppliers, Paraguay, with a CAGR of +36.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2021, with an increase of 3.6% 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 an increase of 11%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :