Report Update Jan 1, 2025

Northern America - Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Stranded Wire Market 2025

Stranded Wire Market Size in Northern America

After two years of decline, the North American stranded wire market increased by 18% to $X in 2021. In general, consumption, however, saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Stranded Wire Production in Northern America

In value terms, stranded wire production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in overseas shipments of stranded wire, ropes and cables, when their volume increased by 9.2% to X tons. Over the period under review, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, stranded wire exports surged to $X in 2021. In general, exports, however, showed a perceptible decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States was the main exporting country with an export of about X tons, which finished at 78% of total exports. It was distantly followed by Canada (X tons), creating a 22% share of total exports.

The United States was also the fastest-growing in terms of the stranded wire, ropes and cables exports, with a CAGR of -4.4% from 2012 to 2021. Canada (-8.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +7.4 percentage points.

In value terms, the United States ($X) remains the largest stranded wire supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

In the United States, stranded wire exports shrank by an average annual rate of -2.1% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.4%).

Stranded Wire Imports

Imports in Northern America

In 2021, the amount of stranded wire, ropes and cables imported in Northern America soared to X tons, surging by 17% against 2020. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, stranded wire imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main importer of stranded wire, ropes and cables, creating 81% of total imports. It was distantly followed by Canada (X tons), mixing up an 18% share of total imports.

The United States was also the fastest-growing in terms of the stranded wire, ropes and cables imports, with a CAGR of +1.5% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported stranded wire, ropes and cables in Northern America, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 25% share of total imports.

In the United States, stranded wire imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 20% against the previous year. In general, the import price, however, showed a mild descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stranded wire, ropes and cables in Northern America?

The United States remains the largest stranded wire consuming country in Northern America, comprising approx. 91% of total volume. Moreover, stranded wire consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, tenfold.

What are the largest producers of stranded wire, ropes and cables in Northern America?

The United States constituted the country with the largest volume of stranded wire production, accounting for 97% of total volume. It was followed by Canada, with a 2.9% share of total production.

What are the leading suppliers of stranded wire, ropes and cables in Northern America?

In value terms, the United States remains the largest stranded wire supplier in Northern America, comprising 84% of total exports. The second position in the ranking was occupied by Canada, with a 16% share of total exports.

What are the leading importers of stranded wire, ropes and cables in Northern America?

In value terms, the United States constitutes the largest market for imported stranded wire, ropes and cables in Northern America, comprising 75% of total imports. The second position in the ranking was occupied by Canada, with a 25% share of total imports.

What is the average export price for stranded wire, ropes and cables in Northern America?

In 2020, the stranded wire export price in Northern America amounted to $5,763 per ton, shrinking by -8.5% against the previous year.

What is the average import price for stranded wire, ropes and cables in Northern America?

In 2020, the stranded wire import price in Northern America amounted to $2,145 per ton, shrinking by -8.5% against the previous year.

This report provides an in-depth analysis of the stranded wire market in Northern America. 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

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

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024