India: Stranded Wire Market 2025

Stranded Wire Market Size in India

The Indian stranded wire market stood at $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Stranded Wire Production in India

In value terms, stranded wire production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 5.2% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Stranded Wire Exports

Exports from India

In 2021, exports of stranded wire, ropes and cables from India stood at X tons, surging by 14% compared with the year before. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, stranded wire 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 +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.0% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Bangladesh (X tons) and Nepal (X tons) were the main destinations of stranded wire exports from India, together comprising 25% of total exports. The Netherlands, Germany, the United Arab Emirates, Singapore, Mozambique, Sri Lanka, the UK, Brazil, Georgia and Australia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +129.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), the United States ($X) and Nepal ($X) were the largest markets for stranded wire exported from India worldwide, together comprising 35% of total exports. Mozambique, the Netherlands, Germany, Georgia, the United Arab Emirates, Singapore, Brazil, the UK, Sri Lanka and Australia lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Georgia, with a CAGR of +116.9%, recorded the highest rates of growth with regard to 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 stranded wire export price amounted to $X per ton, surging by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bangladesh (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into India

In 2021, supplies from abroad of stranded wire, ropes and cables was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire imports skyrocketed to $X in 2021. Over the period under review, imports posted a buoyant increase. 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 stranded wire supplier to India, with a 54% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+54.2% per year) and Thailand (+37.2% per year).

In value terms, China ($X) constituted the largest supplier of stranded wire, ropes and cables to India, comprising 44% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Thailand, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+57.1% per year) and Thailand (+33.6% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, rising by 22% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Malaysia ($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 Netherlands (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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