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World - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Dec 20, 2023

Best Import Markets for Stranded Wire

The global market for stranded wire is experiencing significant growth, driven by the increasing demand for electricity transmission and distribution infrastructure. Stranded wire, also known as stranded conductor, refers to a collection of small wires twisted or braided together to form a larger conductor. It is widely used in various industries, including power generation, telecommunications, automotive, and construction.

Import Value of Stranded Wire by Country

According to the latest data from the IndexBox market intelligence platform, the top import markets for stranded wire are:

  1. United States - $2.1 billion in 2022
  2. Germany - $779.2 million in 2022
  3. Canada - $518.3 million in 2022
  4. Italy - $496.3 million in 2022
  5. France - $412.0 million in 2022
  6. Mexico - $403.2 million in 2022
  7. Poland - $391.3 million in 2022
  8. China - $373.4 million in 2022
  9. India - $369.8 million in 2022
  10. South Korea - $358.0 million in 2022

These countries represent the largest importers of stranded wire, accounting for a significant share of the global market. The United States leads the pack with an import value of $2.1 billion in 2022, followed by Germany with $779.2 million and Canada with $518.3 million.

1.The United States: The Largest Importer of Stranded Wire

The United States stands out as the world's largest importer of stranded wire, with a substantial import value of $2.1 billion in 2022. The country's high import demand is primarily driven by its extensive electricity transmission and distribution network, which requires a significant amount of stranded wire for infrastructure development and maintenance.

The automotive industry is another major buyer of stranded wire in the United States. Stranded wire is used in the manufacturing of automotive wiring harnesses, which are essential components for the electrical systems of vehicles. The growing demand for electric vehicles further contributes to the need for stranded wire in the country.

2. Germany: A Strong Market for Stranded Wire

Germany ranks second in terms of import value of stranded wire, with imports totaling $779.2 million in 2022. The country's well-established manufacturing sector, robust automotive industry, and advanced infrastructure contribute to the demand for stranded wire.

The energy transition in Germany, with a shift towards renewable energy sources, also drives the demand for stranded wire. The installation of wind turbines and solar power systems requires extensive wiring, providing opportunities for the stranded wire market.

3. Canada: A Growing Market for Stranded Wire

Canada holds the third position in the global import market for stranded wire, with imports reaching $518.3 million in 2022. The country's expanding construction sector, along with ongoing infrastructure development projects, fuels the demand for stranded wire.

Moreover, Canada's efforts to upgrade its power transmission and distribution network contribute to the import of stranded wire. The country aims to improve grid reliability and accommodate the increasing renewable energy capacity, leading to substantial investments in the electricity infrastructure.

4. Italy, France, and Mexico: Significant Importers of Stranded Wire

Italy, France, and Mexico are also prominent importers of stranded wire. Italy imported stranded wire worth $496.3 million in 2022, driven by its manufacturing sector and demand from the automotive and construction industries.

France imported stranded wire amounting to $412.0 million in 2022, largely attributed to the country's strong automotive and aerospace sectors. The use of stranded wire in these industries for electrical connections and wiring contributes to the import demand.

Mexico's import value of stranded wire reached $403.2 million in 2022, supported by its growing construction industry and infrastructure projects. The country's proximity to the United States also drives the import of stranded wire, as it serves as a manufacturing hub for many multinational companies.

IndexBox Market Intelligence Platform

The analysis of the world's best import markets for stranded wire is based on the latest data from the IndexBox market intelligence platform. IndexBox provides comprehensive market information and data analysis across various industries and countries, assisting businesses in making informed decisions.

The platform offers key statistics, market trends, import-export dynamics, and other relevant insights to support market research, strategic planning, and investment assessments. With accurate and up-to-date data, businesses can gain a competitive edge and seize new opportunities.

In conclusion, the global import market for stranded wire is dominated by countries such as the United States, Germany, Canada, Italy, and France. The demand for stranded wire is driven by the need for electricity transmission and distribution infrastructure, as well as the automotive, construction, and telecommunications industries. Businesses can leverage the insights provided by the IndexBox market intelligence platform to navigate these markets successfully and achieve their growth objectives.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global stranded wire market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
  • Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
  • Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
  • Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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