China: Wire And Cable Market 2025

Wire And Cable Market Size in China

In 2021, the Chinese wire and cable market decreased by -6.2% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Wire And Cable Production in China

In value terms, wire and cable production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% 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 2016 when the production volume increased by 17%. Wire and cable production peaked at $X in 2020, and then contracted modestly in the following year.

Wire And Cable Exports

Exports from China

In 2021, shipments abroad of insulated wire and cable was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 61%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wire and cable exports soared to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for wire and cable exports from China, with a 4% share of total exports. Moreover, wire and cable exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.8% per year) and Japan (-6.4% per year).

In value terms, South Korea ($X), Japan ($X) and the United States ($X) constituted the largest markets for wire and cable exported from China worldwide, with a combined 10% share of total exports. These countries were followed by Vietnam, Thailand, the Philippines, Mexico, India, Germany, Indonesia, Brazil, the United Arab Emirates and Egypt, which together accounted for a further 3.9%.

In terms of the main countries of destination, Egypt, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of exports, 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, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 an increase of 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average 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 Japan ($X per ton), while the average price for exports to Egypt ($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 Thailand (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into China

In 2021, approx. X tons of insulated wire and cable were imported into China; surging by 3.6% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained 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 +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Vietnam (X tons) and Japan (X tons) were the main suppliers of wire and cable imports to China, together accounting for 8.2% of total imports. Thailand, Malaysia, Germany, the United States, Mexico, the Philippines, Slovakia, Austria, Romania and Moldova lagged somewhat behind, together accounting for a further 7.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of +269.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to China were Japan ($X), Vietnam ($X) and the United States ($X), together accounting for 8% of total imports. Germany, South Korea, Mexico, Slovakia, the Philippines, Malaysia, Thailand, Moldova, Romania and Austria lagged somewhat behind, together comprising a further 9.6%.

Moldova, with a CAGR of +226.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, picking up by 12% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. 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 +120.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 66%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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