CIS: Stranded Wire Market 2025

Stranded Wire Market Size in CIS

The CIS stranded wire market dropped to $X in 2021, declining by -2.3% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Stranded Wire Production in CIS

In value terms, stranded wire production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2013 with an increase of 9.1%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Stranded Wire Exports

Exports in CIS

After two years of decline, overseas shipments of stranded wire, ropes and cables increased by 14% to X tons in 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; 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

Belarus (X tons) and Russia (X tons) represented roughly 97% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +6.0%).

In value terms, the largest stranded wire supplying countries in the CIS were Belarus ($X) and Russia ($X).

In terms of the main exporting countries, Russia, with a CAGR of +5.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 24% against the previous year. In general, the export price, however, saw a slight descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.4%).

Stranded Wire Imports

Imports in CIS

In 2021, purchases abroad of stranded wire, ropes and cables was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, stranded wire imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 28%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the key importer of stranded wire, ropes and cables, committing 59% of total imports. It was distantly followed by Kazakhstan (X tons), Uzbekistan (X tons), Belarus (X tons) and Azerbaijan (X tons), together achieving a 35% share of total imports. Kyrgyzstan (X tons) and Armenia (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Uzbekistan (+15.6%) and Armenia (+12.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.6% from 2012-2021. By contrast, Kazakhstan (-1.6%), Azerbaijan (-4.1%), Belarus (-5.1%) and Kyrgyzstan (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Russia increased by +6.8 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported stranded wire, ropes and cables in the CIS, comprising 60% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 15% share of total imports. It was followed by Uzbekistan, with a 7.7% share.

In Russia, stranded wire imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-1.4% per year) and Uzbekistan (+18.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, the import price, however, showed a mild setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Armenia ($X per ton), while Kazakhstan ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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