India: Wire And Cable Market 2025

Wire And Cable Market Size in India

In 2021, the Indian wire and cable market was finally on the rise to reach $X after six years of decline. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wire And Cable Production in India

In value terms, wire and cable production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports from India

In 2021, the amount of insulated wire and cable exported from India was estimated at X tons, increasing by 4.4% against the previous year. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.0% against 2013 indices. The pace of growth was the most pronounced in 2013 when exports increased by 34% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Nigeria (X tons) were the main destinations of wire and cable exports from India, with a combined 41% share of total exports. Australia, Oman, Nepal, Bangladesh, the UK, Kuwait and Saudi Arabia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from India were the United States ($X), the United Arab Emirates ($X) and Nigeria ($X), together comprising 36% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +28.8%, recorded the highest growth rate of 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

In 2021, the average wire and cable export price amounted to $X per ton, jumping by 20% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.7% 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 export price increased by +90.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Oman ($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 the UK (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into India

In 2021, supplies from abroad of insulated wire and cable was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a mild downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, 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

In 2021, China (X tons) constituted the largest supplier of wire and cable to India, accounting for a 44% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.2% per year) and Germany (-3.5% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to India, comprising 33% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.3% share of total imports. It was followed by the UK, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.4% per year) and the UK (+15.8% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, picking up by 6.8% against the previous year. Over the last nine years, it increased at an average annual rate of +5.5%. The growth pace was the most rapid in 2013 an increase of 34%. The import price peaked in 2021 and is likely to see gradual 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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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