Eastern Asia: Wire And Cable Market 2025

Wire And Cable Market Size in Eastern Asia

In 2021, after three years of growth, there was decline in the East Asian wire and cable market, when its value decreased by -4.4% to $X. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Wire And Cable Production in Eastern Asia

In value terms, wire and cable production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Wire And Cable Exports

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of insulated wire and cable, when their volume increased by 13% to X tons. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 47% against the previous year. The volume of export peaked in 2021 and is 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 +3.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of around X tons, which finished at 80% of total exports. It was distantly followed by South Korea (X tons), constituting an 11% share of total exports. The following exporters - Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) - together made up 9.3% of total exports.

China was also the fastest-growing in terms of the insulated wire and cable exports, with a CAGR of +3.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.3%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-2.3%) and Hong Kong SAR (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +7.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wire and cable supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.2% share of total exports. It was followed by Hong Kong SAR, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+1.6% per year) and Hong Kong SAR (-1.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Hong Kong SAR (+3.7%), while the other leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of insulated wire and cable, when their volume increased by 7.7% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 9.8%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, wire and cable imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% 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, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), distantly followed by Hong Kong SAR (X tons), South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the key importers of insulated wire and cable, together making up 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +4.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 78% of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +10.2%, recorded the highest growth rate of 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

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 when the import price increased by 15%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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