Southern Asia: Winding Wire Market 2025

Winding Wire Market Size in Southern Asia

The South Asian winding wire market reduced to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Winding Wire Production in Southern Asia

In value terms, winding wire production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Winding Wire Exports

Exports in Southern Asia

In 2022, overseas shipments of winding wire for electrical purposes increased by 47% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports soared to $X in 2022. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near 96% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the winding wire for electrical purposes exports, with a CAGR of -2.4% from 2012 to 2022. Sri Lanka (-15.3%) illustrated a downward trend over the same period. While the share of India (+8.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (-7.5 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest winding wire supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +8.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by 5.2% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by 49% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%).

Winding Wire Imports

Imports in Southern Asia

In 2022, overseas purchases of winding wire for electrical purposes increased by 13% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, winding wire imports expanded remarkably to $X in 2022. In general, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) was the major importer of winding wire for electrical purposes, mixing up 49% of total imports. It was distantly followed by Pakistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons), together constituting a 47% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +7.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported winding wire for electrical purposes in Southern Asia, comprising 72% of total imports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total imports. It was followed by Bangladesh, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to -4.3%. In the other countries, the average annual rates were as follows: Pakistan (+5.6% per year) and Bangladesh (+10.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. In general, the import price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 81%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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