Which Country Exports the Most Stranded Wire, Ropes and Cables in the World?

Other Fabricated Metal Products May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the amount of stranded wire exported worldwide stood at 3.2M tonnes, surging by 2% against the previous year level. Overall, stranded wire exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by 12% against the previous year level. Over the period under review, global stranded wire exports reached its maximum volume of 3.3M tonnes in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

In value terms, stranded wire exports totaled $5.5B in 2016. Overall, stranded wire exports continue to indicate a relatively flat trend pattern. In that year, global stranded wire exports attained its maximum level of $7B. From 2009 to 2016, growth of global stranded wire exports failed to regain its strength.

Top Stranded Wire Exporting Countries in the World

1. China (1,329.3 million USD)

2. South Korea (502.6 million USD)

3. Germany (381.2 million USD)

4. Viet Nam (272.7 million USD)

5. USA (262.7 million USD)

6. Italy (214.0 million USD)

7. Thailand (179.1 million USD)

8. Romania (155.0 million USD)

9. Belarus (118.0 million USD)

10. Malaysia (113.5 million USD)

11. Portugal (92.6 million USD)

12. India (61.4 million USD)

Stranded Wire Exports By Country

In 2016, China (1.1M tonnes) was the major exporter for stranded wire, achieving 34% of total exports. It was distantly followed by South Korea (260K tonnes), committing 8% share of total stranded wire exports. The following exporters - Thailand (141K tonnes), Italy (124K tonnes), the U.S. (113K tonnes), Malaysia (108K tonnes), Viet Nam (107K tonnes), Germany (98K tonnes), Belarus (86K tonnes), Portugal (85K tonnes), Romania (76K tonnes), and India (68K tonnes) together made up 31% of total exports.

Exports from China increased at an average annual rate of +2.3% from 2007 to 2016. At the same time, Viet Nam (+46.2%), Portugal (+7.5%), Romania (+5.3%), the U.S. (+4.6%), Thailand (+4.0%), and India (+3.1%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest growing importer/exporter in the world, with a CAGR of +46.2% from 2007-2016. Belarus, and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-1.5%), South Korea (-1.8%), and Italy (-4.7%) illustrated a downward trend over the same period. Italy (2%) significantly strengthened its position in terms of the global exports, while Viet Nam, and China saw its share reduced by -3.2%, and -6.4% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.3B) remains the largest stranded wire supplier in the world, making up 24% of global exports. The second position in the ranking was occupied by South Korea ($503M), with the share of 9% of global exports. It was followed by Germany, with the share of 7%.

In China, stranded wire exports stood at an average annual rate of +4.2% over the period from 2007-2016. The remaining exporting countries recorded the following average annual rates: South Korea (-0.9% per year) and Germany (-1.2% per year).

Stranded Wire Export Prices By Country

The average stranded wire export price stood at $1,709 per tonne in 2016, going down by -10.4% against the previous year. In general, stranded wire export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when export price increased by 19% year-to-year. Global stranded wire export peaked of $2,412 per tonne in 2011; however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Germany ($3,874 per tonne), while India ($900 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of stranded wire export prices was attained by Viet Nam (+11.4% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global stranded wire market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • stranded wire market share
  • stranded wire prices
  • stranded wire industry
  • stranded wire sales
  • stranded wire import
  • stranded wire export
  • stranded wire market forecast
  • stranded wire price forecast
  • key stranded wire producers

All data provided in this article covers the following product: HS Code 7312 - Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated.

Source: World: Stranded Wire, Ropes And Cables - Market Report. Analysis and Forecast to 2025