Southern Asia: Wire And Cable Market 2025

Wire And Cable Market Size in Southern Asia

In 2021, the South Asian wire and cable market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a perceptible contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wire And Cable Production in Southern Asia

In value terms, wire and cable production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports in Southern Asia

In 2021, the amount of insulated wire and cable exported in Southern Asia rose remarkably to X tons, picking up by 6.7% on 2020. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 27%. As a result, the exports attained 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 soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 +64.9% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), creating a 4.6% share of total exports.

India was also the fastest-growing in terms of the insulated wire and cable exports, with a CAGR of +2.6% from 2012 to 2021. Sri Lanka (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +6 percentage points.

In value terms, India ($X) remains the largest wire and cable supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +9.5%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 20% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. 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 +89.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 22%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.7%).

Wire And Cable Imports

Imports in Southern Asia

In 2021, supplies from abroad of insulated wire and cable was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports soared to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the key importer of insulated wire and cable, constituting 56% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 24% share, followed by Pakistan (7.8%) and Sri Lanka (5.5%). Nepal (X tons) and Maldives (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wire and cable imports into India stood at -1.5%. At the same time, Bangladesh (+14.0%), Nepal (+11.4%), Maldives (+4.8%) and Pakistan (+3.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +14.0% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. While the share of Bangladesh (+16 p.p.), Nepal (+1.7 p.p.) and Pakistan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported insulated wire and cable in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports. It was followed by Pakistan, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +3.9%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+16.9% per year) and Pakistan (+8.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2013 when the import price increased by 21%. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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