Steel Stranded Wire Market

Steel stranded wire market: get the latest information powered by an Ai-driven BI platform. Facts and figures contain production, market size, market prices, exports, imports, companies, consumption, and trade. Here is a split by region, including China, Africa, the U.K., Russia, Latin America, the Middle East, EU, and the U.S. Market trends and forecast to 2030 are also provided in the snapshots.


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Steel Stranded Wire - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4India
5Mexico

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Japan.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at +1.1%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-4.3% per year) and Japan (-3.7% per year).

Steel Stranded Wire Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Hungary117910671034-6.4%
Portugal135415411118-9.1%
Malaysia134112801277-2.4%
Turkey183117961350-14.1%
China153314721417-3.9%
Thailand177620751471-9.0%
Belarus156915351476-3.0%
Italy207219541761-7.8%
South Korea218721872137-1.1%
Romania239523432297-2.1%
Belgium406136592489-21.7%
Vietnam20111931256813.0%
Germany4186427644953.6%
Average199919481866-3.4%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($4,495 per ton), while Hungary ($1,034 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Germany2390236324270.8%
Vietnam14011432231828.6%
Canada2273228223150.9%
Spain243925002217-4.7%
Poland2018206320410.6%
Netherlands198018521941-1.0%
Japan210421361920-4.5%
United States212920631888-5.8%
India233721241872-10.5%
France264524711859-16.2%
Belgium212420371762-8.9%
Thailand189619711566-9.1%
South Korea171315771477-7.1%
Average200819801938-1.8%

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($2,427 per ton), while South Korea ($1,477 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.

Steel Stranded Wire - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States110.8-12.2%
Germany0.40.40.3-16.6%
Thailand0.20.20.2-3.8%
Japan0.20.20.21.2%
South Korea0.20.20.2-6.7%

In value terms, the United States ($792M) constitutes the largest market for imported iron or steel stranded wire, ropes and cables worldwide, comprising 14% of global imports. The second position in the ranking was occupied by Germany ($304M), with a 5.3% share of global imports. It was followed by Thailand, with a 3.7% share.

In the United States, steel stranded wire imports plunged by an average annual rate of -12.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (-16.6% per year) and Thailand (-3.8% per year).

Steel Stranded Wire - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China1.71.81.5-5.8%
Germany0.40.40.4-3.5%
South Korea0.50.50.4-12.9%
Vietnam0.40.40.3-12.8%
Thailand0.20.20.2-3.5%

In value terms, China ($1.5B) remains the largest steel stranded wire supplier worldwide, comprising 28% of global exports. The second position in the ranking was occupied by Germany ($412M), with a 7.3% share of global exports. It was followed by South Korea, with a 7.2% share.

In China, steel stranded wire exports decreased by an average annual rate of -5.8% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-3.5% per year) and South Korea (-12.9% per year).

Steel Stranded Wire - Market Forecast

Driven by rising demand for steel stranded wire worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Steel Stranded Wire - Product Coverage

  • HS 731210 - Iron or steel; stranded wire, ropes and cables, not electrically insulated
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World - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global steel stranded wire market.

Latin America and the Caribbean - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Latin America and the Caribbean.

Northern America - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Northern America.

Eastern Asia - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Eastern Asia.

Central Asia - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Central Asia.

Middle East - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in the Middle East.

South-Eastern Asia - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in South-Eastern Asia.

Australia and Oceania - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Australia and Oceania.

Africa - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Africa.

Southern Asia - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the steel stranded wire market in Southern Asia.

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