Stranded Wire Market

Stranded wire market: enjoy recently published statistics powered by an Ai-driven market intelligence tool. Facts and figures contain imports, production, market size, exports, consumption, companies, trade, and market prices. There is a breakdown by region, including China, the U.K., the Middle East, EU, Africa, Russia, the U.S., and Latin America. Market trends and outlook to 2030 are also provided in the snapshots.


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Stranded Wire - World's Largest Markets

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

In value terms, Japan, China and India constituted the countries with the highest levels of market value in 2020, with a combined 48% share of the global market. The United States, Brazil, Germany, Indonesia, Vietnam, Poland, Spain, Russia and Turkey lagged somewhat behind, together accounting for a further 23%.

Vietnam saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while stranded wire market for the other global leaders experienced more modest paces of growth.

Stranded Wire Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Portugal142313741176-9.1%
Malaysia140913821354-2.0%
Hungary164614701377-8.5%
Thailand193118031447-13.4%
China208716861648-11.1%
Italy260724632250-7.1%
South Korea243925202406-0.7%
India19432020244412.2%
Vietnam20401984288518.9%
Belgium433940712910-18.1%
Turkey413736183237-11.5%
Germany5247520653000.5%
United States737373016566-5.6%
Average263323722338-5.8%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($6,566 per ton), while Portugal ($1,176 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.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada442431073161-15.5%
Germany2919282030352.0%
France354234382889-9.7%
Vietnam269724492616-1.5%
Spain267127182520-2.9%
Poland2426247924991.5%
Netherlands2302240423040.0%
Japan227422572151-2.7%
Brazil210023462095-0.1%
United States226422062052-4.8%
India228922741950-7.7%
South Korea180516641648-4.4%
Thailand200121031638-9.5%
Average253724552428-2.2%

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($3,161 per ton), while Thailand ($1,638 per ton) was amongst the lowest.

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

Stranded Wire - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.21.21-10.8%
Germany0.70.60.5-13.5%
Canada0.40.30.3-7.9%
France0.30.30.3-9.4%
Vietnam0.20.20.29.5%

In value terms, the United States ($954M), Germany ($488M) and Canada ($305M) appeared to be the countries with the highest levels of imports in 2020, with a combined 19% share of global imports. France, Vietnam, Poland, Thailand, South Korea, Japan, the Netherlands, Spain, India and Brazil lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, the Netherlands saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Stranded Wire - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China2.52.52.2-5.7%
Germany0.80.70.7-4.9%
Turkey0.70.60.6-8.7%
United States0.80.70.5-17.1%
South Korea0.60.60.5-12.5%

In value terms, China ($2.2B) remains the largest stranded wire supplier worldwide, comprising 25% of global exports. The second position in the ranking was occupied by Germany ($682M), with a 7.6% share of global exports. It was followed by Turkey, with a 6.3% share.

From 2018 to 2020, the average annual growth rate of value in China stood at -5.7%. In the other countries, the average annual rates were as follows: Germany (-4.9% per year) and Turkey (-8.7% per year).

Stranded Wire - Market Forecast

Driven by rising demand for 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.

Stranded Wire - Top Companies

Taishan Group Tai'an Taishan Electric Vehicle Wire Co., Ltd., JOHOKU DENSO K.K., HINDALCO INDUSTRIES LIMITED, Arconic Inc., Alcoa Corporation, Novelis Inc., FUJIKURA LTD., UACJ CORPORATION, WALSIN LIHWA CORPORATION, DAIDO STEEL CO., LTD., Zhejiang Hailiang Co., Ltd., Jiangsu Zhongtian Technology Co.,Ltd, General Cable Corporation, Shanxi Huali Shengda Industry & Trade Co., Ltd., Baosheng Science and Technology Innovation Co., Ltd., Novelis Deutschland GmbH, Liaoning Zhongwang Group Co., Ltd., Jiangsu Zhongli Group Co., Ltd., Aleris Corporation, Hydro Aluminium Rolled Products GmbH

Stranded Wire - Product Coverage

  • HS 7312 - Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated
  • HS 7413 - Copper; stranded wire, cables, plaited bands and the like, not electrically insulated
  • HS 7614 - Aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated)
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World - Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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