U.S.: Wire And Cable Market 2025

Wire And Cable Market Size in the U.S.

The U.S. wire and cable market skyrocketed to $X in 2021, rising by 23% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in the U.S.

In value terms, wire and cable production rose sharply to $X in 2021. Overall, production, however, continues to indicate a perceptible descent. Wire and cable production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wire And Cable Exports

Exports from the U.S.

In 2021, overseas shipments of insulated wire and cable increased by 8.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt descent. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wire and cable exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and the Netherlands (X tons) were the main destinations of wire and cable exports from the United States, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +13.3%), while the other leaders experienced a decline.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for wire and cable exported from the United States worldwide, with a combined 64% share of total exports. These countries were followed by the Netherlands and the UK, which together accounted for a further 4.5%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +14.1%, 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 wire and cable export price amounted to $X per ton, surging by 9.9% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.8% 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 +65.6% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into the U.S.

In 2021, the amount of insulated wire and cable imported into the United States soared to X tons, jumping by 19% compared with 2020. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wire and cable imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; 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

Mexico (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of wire and cable imports to the United States, with a combined 61% share of total imports. Canada, South Korea, Cambodia, India, Taiwan (Chinese), Germany, Honduras, Turkey, Poland and the Philippines lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +444.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of insulated wire and cable to the United States, comprising 51% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and Vietnam (+16.8% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, increasing by 4.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Cambodia ($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 Philippines (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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