Which Country Imports 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

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

IndexBox has just published a new report "World: Steel Springs And Leaves For Springs ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global steel spring imports totaled 2.4M tonnes in 2016, ascending by 2% against the previous year level. Overall, steel spring imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when imports increased by 11% against the previous year level. Global steel spring import peaked in 2016, and are expected to retain its growth in the near future.

In value terms, steel spring imports totaled $6.3B in 2016. The total import value increased at an average annual rate of +1.2% over the period from 2007 to 2016; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, global steel spring imports attained its maximum level of $7.1B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Steel Spring Importing Countries in the World

1. USA (1,086.5 million USD)

2. Mexico (551.1 million USD)

3. Germany (535.0 million USD)

4. China (523.8 million USD)

5. Canada (219.5 million USD)

6. Czech Republic (210.4 million USD)

7. United Kingdom (209.0 million USD)

8. France (183.1 million USD)

9. Poland (172.5 million USD)

10. Italy (144.8 million USD)

11. Spain (88.9 million USD)

12. Turkey (85.6 million USD)

Steel Spring Imports By Country

The U.S. (418K tonnes), and Mexico (361K tonnes) represented roughly 32% of total imports of steel spring in 2016. Germany (230K tonnes) ranks second globally in steel spring imports with a 9% share, following China (8%). Turkey (85K tonnes), the UK (84K tonnes), Spain (80K tonnes), Canada (76K tonnes), Czech Republic (63K tonnes), Poland (46K tonnes), France (45K tonnes), and Italy (45K tonnes) took the weak share of total imports.

From 2007 to 2016, the most notable growth rate of steel spring imports, among the main importing countries, was attained by the UK (+5.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest steel spring markets worldwide were the U.S. ($1.1B), Mexico ($551M) and Germany ($535M), with a combined 34% share of global imports.

Mexico (+4.8% per year) recorded the highest growth rate of steel spring imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Steel Spring Import Prices By Country

The average steel spring import price stood at $2,617 per tonne in 2016, shrinking by ;2.2% against the previous year. In general, steel spring import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import price increased by 15% from the previous year level. Global steel spring import peaked of $3,025 per tonne in 2011; however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was France ($4,035 per tonne), while Turkey ($1,012 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of steel spring import prices was attained by Mexico (+3.2% per year), while the other global leaders experienced more modest paces of growth.

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

  • steel spring market share
  • steel spring prices
  • steel spring industry
  • steel spring sales
  • steel spring import
  • steel spring export
  • steel spring market forecast
  • steel spring price forecast
  • key steel spring producers

All data provided in this article covers the following product: HS Code 7320 ; Springs and leaves for springs, of iron or steel.

Source: World: Steel Springs And Leaves For Springs ; Market Report. Analysis and Forecast to 2025"

"IndexBox has just published a new report "World: Stranded Wire, Ropes And Cables - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global stranded wire imports totaled 5.1M tonnes in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by 6% year-to-year. Over the period under review, global stranded wire imports attained its maximum volume of 5.2M tonnes in 2014- however, from 2015 to 2016, it failed to regain its strength.

In value terms, stranded wire imports totaled $5.9B in 2016. In general, stranded wire imports continue to indicate a relatively flat trend pattern. Over the period under review, global stranded wire imports attained its maximum level of $7.1B in 2012- however, from 2013 to 2016, it stood at a somewhat lower level.

Top Stranded Wire Importing Countries in the World

1. USA (801.4 million USD)

2. Germany (353.1 million USD)

3. China (267.7 million USD)

4. South Korea (223.7 million USD)

5. Thailand (175.6 million USD)

6. Japan (170.5 million USD)

7. Italy (143.2 million USD)

8. Viet Nam (125.8 million USD)

9. Australia (93.6 million USD)

10. United Arab Emirates (85.7 million USD)

11. Malaysia (63.5 million USD)

12. Portugal (41.3 million USD)

Stranded Wire Imports By Country

China (1.1M tonnes) was the major importing country with an import of about 1.1M tonnes, which amounted to 22% of total imports. South Korea (351K tonnes) took a 7% share (based on tonnes) of global stranded wire imports, which put it in second place, following the U.S. (6%). The following importers - Malaysia (173K tonnes), Italy (172K tonnes), Thailand (171K tonnes), Germany (164K tonnes), Viet Nam (125K tonnes), Portugal (94K tonnes), United Arab Emirates (94K tonnes), Australia (93K tonnes), and Japan (87K tonnes) together made up 23% of total imports.

China experienced a relatively flat trend pattern. At the same time, Viet Nam (+19.8%), Thailand (+6.2%), Australia (+4.9%), Malaysia (+3.2%), United Arab Emirates (+2.6%), South Korea (+1.2%), and Portugal (+1.1%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest growing importer/exporter in the world, with a CAGR of +19.8% from 2007-2016. Germany, and Japan experienced a relatively flat trend pattern. By contrast, the U.S. (-4.6%), and Italy (-6.6%) illustrated a downward trend over the same period. The U.S. (3%), and Italy (3%) significantly strengthened its position in terms of the global imports, while Viet Nam saw its share reduced by -2.0% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($801M) constitutes the largest market for imported stranded wire worldwide, making up 14% of global imports. The second position in the ranking was occupied by Germany ($353M), with the share of 6% of global imports. It was followed by China, with the share of 5%.

From 2007 to 2016, the average annual growth rate of value of stranded wire imports in the U.S. contracted by -0.5%. The remaining importing countries recorded the following average annual rates: Germany (-2.2% per year) and China (+3.1% per year).

Stranded Wire Import Prices By Country

In 2016, the average import price for stranded wire amounted to $1,151 per tonne, going down by -4.6% against the previous year. In general, stranded wire import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of 21% against the previous year level. Over the period under review, average stranded wire import price reached its maximum level of $1,462 per tonne in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($2,539 per tonne), while China ($238 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of stranded wire import prices was attained by Thailand (+8.7% 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