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Report World - Insulated Wire and Cable - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Insulated Wire and Cable - Market Analysis, Forecast, Size, Trends and Insights

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Global Wire And Cable Market 2024

Wire And Cable Market Size

In 2021, the global wire and cable market decreased by less than 0.1% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wire And Cable Production

In value terms, wire and cable production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports

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 +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded 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 largest exporter of insulated wire and cable in the world, with the volume of exports finishing at X tons, which was near 23% of total exports in 2021. Mexico (X tons) ranks second in terms of the total exports with a 7.5% share, followed by Germany (5.2%) and Italy (4.5%). The following exporters - Turkey (X tons), the United States (X tons), South Korea (X tons), Vietnam (X tons), Romania (X tons), Poland (X tons), the Czech Republic (X tons), Tunisia (X tons) and Spain (X tons) - together made up 26% of total exports.

Exports from China increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Vietnam (+12.1%), Tunisia (+9.0%), Mexico (+4.6%), Romania (+3.5%), Italy (+3.5%), Turkey (+3.1%), Poland (+2.9%), Spain (+1.7%) and Germany (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.1% from 2012-2021. The Czech Republic and South Korea experienced a relatively flat trend pattern. By contrast, the United States (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Vietnam increased by +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wire and cable supplier worldwide, comprising 19% of global exports. The second position in the ranking was held by Mexico ($X), with an 8.9% share of global exports. It was followed by Germany, with a 6.8% share.

In China, wire and cable exports expanded at an average annual rate of +5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+4.8% per year) and Germany (+3.8% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. 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 the United States ($X per ton), while Turkey ($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 (+5.8%), while the other global leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports

Global wire and cable imports soared to X tons in 2021, picking up by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, 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, wire and cable imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Mexico (X tons) and Germany (X tons) represented roughly 26% of total imports in 2021. The UK (X tons), Japan (X tons), France (X tons), Austria (X tons), the Czech Republic (X tons), Spain (X tons), Poland (X tons), Hong Kong SAR (X tons), Thailand (X tons) and South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +9.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest wire and cable importing markets worldwide were the United States ($X), Germany ($X) and Japan ($X), together comprising 32% of global imports. These countries were followed by Mexico, the UK, France, South Korea, the Czech Republic, Hong Kong SAR, Spain, Poland, Austria and Thailand, which together accounted for a further 25%.

Poland, with a CAGR of +7.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, with an increase of 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while Mexico ($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 Czech Republic (+6.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of wire and cable consumption was China, accounting for 25% of total volume. Moreover, wire and cable consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Indonesia ranked third in terms of total consumption with a 4.6% share.
China remains the largest wire and cable producing country worldwide, comprising approx. 34% of total volume. Moreover, wire and cable production in China exceeded the figures recorded by the second-largest producer, Indonesia, eightfold. The third position in this ranking was occupied by Mexico, with a 4.2% share.
In value terms, China, Mexico and Germany appeared to be the countries with the highest levels of exports in 2021, together comprising 33% of global exports. These countries were followed by the United States, Vietnam, Italy, Romania, the Czech Republic, Poland, Turkey, South Korea, Spain and France, which together accounted for a further 30%.
In value terms, the largest wire and cable importing markets worldwide were the United States, Germany and Japan, with a combined 32% share of global imports. These countries were followed by China, Mexico, the UK, France, the Czech Republic, Hong Kong SAR, Canada, Spain, Poland and Austria, which together accounted for a further 29%.
The average wire and cable export price stood at $11,795 per ton in 2021, remaining stable against the previous year.
In 2021, the average wire and cable import price amounted to $12,937 per ton, picking up by 8.7% against the previous year.

This report provides an in-depth analysis of the global wire and cable market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27321130 -
  • Prodcom 27321150 -
  • Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
  • Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
  • Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
  • Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
  • Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Sadev Stainless Steel Wire, Pitthan Draht Dipl.-Ing. M. Colonna E.K., Remer Srl, Demirsan Soguk Cekme San Ve Tic A.S, Llc "Metiz", Nuhtel Wire, Coretech Ind Srl, Kwv Kabelwerke Villingen Gmbh, Expert-Cable Llc, Filomat Srl, Pescaira, Braunkabel Gmbh, Br- Connectors Gmbh, Würth Elektronik Eisos Gmbh & Co.Kg, Consys Gmbh, Sam Hwa Steel S.A., Promkanat Ltd, Specialist Cable Supplies, Syrmak S.A, Metal Industrial Group, Ebion Kablo San. Tic. Ltd. Sti., Saglam Fence

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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