Which Country Imports the Most Insulated Wire and Cable in the World?

Other Electronic And Electric Wires And Cables May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global wire and cable imports totaled 23M tonnes in 2016, jumping by 65% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, wire and cable imports increased by +78.6% against its level of 2012. The growth pace was the most rapid in 2016, when it surged by 65% from the previous year level. In that year, global wire and cable imports attained its maximum volume, and are likely to continue its growth in the immediate term.

In value terms, wire and cable imports totaled $108B in 2016. The total import value increased at an average annual rate of +2.5% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global wire and cable imports attained its maximum level of $116B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Wire And Cable Importing Countries in the World

1. Germany (9.5 billion USD)

2. Mexico (5.3 billion USD)

3. China (5.0 billion USD)

4. United Kingdom (4.3 billion USD)

5. South Korea (2.8 billion USD)

6. Spain (2.5 billion USD)

7. Italy (1.8 billion USD)

8. Poland (1.3 billion USD)

9. Turkey (0.9 billion USD)

10. Libya (0.1 billion USD)

11. Mozambique (0.0 billion USD)

Wire And Cable Imports By Country

In 2016, Mozambique (8.9M tonnes) represented the largest importer for wire and cable, comprising 38% of total imports. It was distantly followed by China (2.4M tonnes), committing 10% share of total wire and cable imports. Mexico (867K tonnes), Germany (842K tonnes), Libya (605K tonnes), Poland (498K tonnes), the UK (480K tonnes), Spain (474K tonnes), Italy (451K tonnes), Turkey (443K tonnes), and South Korea (426K tonnes) followed a long way behind this figure.

Mozambique was also the fastest growing in terms of the wire and cable imports, with a CAGR of +294.5% from 2007 to 2016. At the same time, Libya (+39.8%), Spain (+7.6%), Germany (+3.2%), and Turkey (+2.0%) displayed positive paces of growth. Poland, Italy, South Korea, and China experienced a relatively flat trend pattern. By contrast, the UK (-1.7%), and Mexico (-2.9%) illustrated a downward trend over the same period. Libya (-2.5%), and Mozambique (-38.1%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($9.5B), Mexico ($5.3B) and China ($5B) were the countries with the highest levels of imports in 2016, together comprising 18% of global imports.The UK, South Korea, Spain, Italy, Poland, Turkey, Libya and Mozambique lagged somewhat behind, together accounting for a further 13%.

South Korea (+5.6% per year) had the highest growth rate of wire and cable imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Wire And Cable Import Prices By Country

The average wire and cable import price stood at $4,619 per tonne in 2016, waning by -40.5% against the previous year. Overall, wire and cable import price continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2011, an increase of 29% y-o-y. Global wire and cable import peaked of $8,185 per tonne in 2014; however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Germany ($11 per kg), while Mozambique ($5 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of wire and cable import prices was attained by Mexico (+7.8% per year), while the other global leaders experienced more modest paces of growth.

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

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

All data provided in this article covers the following product: HS Code 8544 - Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors.

Source: World: Insulated Wire And Cable - Market Report. Analysis and Forecast to 2025