Overview of the Global Market for Wiring sets used in vehicles, aircraft or ships

Market Size for Wiring sets used in vehicles, aircraft or ships

In 2022, the global market for wiring sets used in vehicles, aircraft or ships was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships

In value terms, production of wiring sets used in vehicles, aircraft or ships expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value 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, production decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Over the period under review, global production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports

In 2022, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 9% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 15%. Over the period under review, the global exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of wiring sets used in vehicles, aircraft or ships totaled $X in 2022. The total export value increased at an average annual rate of +4.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 12%. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Mexico (X tons) represented the key exporter of wiring sets used in vehicles, aircraft or ships, comprising 23% of total exports. It was distantly followed by China (X tons), Vietnam (X tons), the Philippines (X tons) and Romania (X tons), together constituting a 26% share of total exports. Morocco (X tons), Tunisia (X tons), the Czech Republic (X tons), Serbia (X tons), Germany (X tons), Ukraine (X tons), Poland (X tons) and Spain (X tons) held a little share of total exports.

Exports from Mexico increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Tunisia (+18.7%), Serbia (+15.9%), Spain (+8.7%), Morocco (+6.1%), Vietnam (+6.0%), the Czech Republic (+4.7%), the Philippines (+3.5%), Ukraine (+2.2%) and Germany (+1.9%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.7% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Romania (-1.1%) and China (-3.6%) illustrated a downward trend over the same period. While the share of Tunisia (+3.1 p.p.), Serbia (+2.2 p.p.), Vietnam (+1.9 p.p.) and Mexico (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Romania (-2.4 p.p.) and China (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier worldwide, comprising 21% of global exports. The second position in the ranking was held by Vietnam ($X), with a 7% share of global exports. It was followed by China, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +5.7%. In the other countries, the average annual rates were as follows: Vietnam (+6.6% per year) and China (-1.5% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, dropping by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the other global leaders experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports

In 2022, the amount of wiring sets used in vehicles, aircraft or ships imported worldwide rose remarkably to X tons, increasing by 8.1% against 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons) and Japan (X tons) were the largest importers of wiring sets used in vehicles, aircraft or ships in 2022, resulting at approx. 13% and 13% of total imports, respectively. It was followed by South Korea (X tons), the United States (X tons), Spain (X tons), the Czech Republic (X tons) and Mexico (X tons), together mixing up a 34% share of total imports. France (X tons), Slovakia (X tons), the UK (X tons), Hungary (X tons), Italy (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships worldwide, comprising 27% of global imports. The second position in the ranking was taken by Germany ($X), with an 11% share of global imports. It was followed by Japan, with an 11% share.

In the United States, imports of wiring sets used in vehicles, aircraft or ships expanded at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.8% per year) and Japan (+1.7% per year).

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. Global import price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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