EU: Stranded Wire Market 2024

Stranded Wire Market Size in the EU

In 2021, the EU stranded wire market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Stranded Wire Production in the EU

In value terms, stranded wire production surged to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Stranded Wire Exports

Exports in the EU

In 2021, overseas shipments of stranded wire, ropes and cables increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire exports soared to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; 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

In 2021, Germany (X tons), Italy (X tons), Hungary (X tons), Portugal (X tons), Romania (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), Slovakia (X tons), France (X tons), Sweden (X tons) and Austria (X tons) represented the largest exporter of stranded wire, ropes and cables in the European Union, constituting 90% of total export.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest stranded wire supplier in the European Union, comprising 24% of total exports. The second position in the ranking was taken by Spain ($X), with a 9.4% share of total exports. It was followed by Italy, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+0.6% per year) and Italy (-2.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 19% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the other leaders experienced more modest paces of growth.

Stranded Wire Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in purchases abroad of stranded wire, ropes and cables, when their volume increased by 17% to X tons. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the nine major importers of stranded wire, ropes and cables, namely Germany, the Netherlands, Poland, France, Spain, Italy, Belgium, the Czech Republic and Slovakia, represented more than two-thirds of total import. The following importers - Romania (X tons), Denmark (X tons), Austria (X tons) and Portugal (X tons) - each resulted at a 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 37% of total imports. These countries were followed by Poland, the Netherlands, Spain, Belgium, the Czech Republic, Slovakia, Austria, Romania, Portugal and Denmark, which together accounted for a further 49%.

Belgium, with a CAGR of +8.5%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union amounted to $X per ton, growing by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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