United Kingdom: Winding Wire Market 2025

Winding Wire Market Size in the UK

After two years of growth, the UK winding wire market decreased by -20.6% to $X in 2022. In general, consumption saw a abrupt setback. Winding wire consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Winding Wire Production in the UK

In value terms, winding wire production amounted to $X in 2022 estimated in export price. In general, production saw a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by 142%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports from the UK

In 2022, shipments abroad of winding wire for electrical purposes increased by 1.1% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports amounted to $X in 2022. Over the period under review, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Norway (X tons) and the United States (X tons) were the main destinations of winding wire exports from the UK, with a combined 28% share of total exports. Singapore, Germany, Ireland, Lithuania, Sweden, Gambia, Azerbaijan, Spain, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Gambia (with a CAGR of +50.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for winding wire for electrical purposes exports from the UK, comprising 21% of total exports. The second position in the ranking was held by Norway ($X), with a 6% share of total exports. It was followed by Italy, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.1% per year) and Italy (+1.8% per year).

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, with an increase of 13% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire export price increased by +67.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into the UK

Winding wire imports into the UK shrank rapidly to X tons in 2022, with a decrease of -65.1% compared with the previous year's figure. In general, imports recorded a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, winding wire imports contracted notably to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Austria (X tons) and Serbia (X tons) were the main suppliers of winding wire imports to the UK, together comprising 38% of total imports. Italy, Sweden, Spain, Germany, Norway, Turkey, India, Greece, Ireland and the United States lagged somewhat behind, together comprising a further 54%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +27.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest winding wire suppliers to the UK were China ($X), the United States ($X) and Germany ($X), with a combined 38% share of total imports. Austria, Norway, Serbia, Italy, Sweden, Turkey, India, Greece, Spain and Ireland lagged somewhat behind, together accounting for a further 49%.

Among the main suppliers, Norway, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, increasing by 27% against the previous year. In general, the import price saw resilient growth. The pace of growth was the most pronounced in 2017 an increase of 79% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :