China - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in China - 2023
Contents:
- Winding Wire Price in China (FOB) - 2023
- Winding Wire Price in China (CIF) - 2023
- Winding Wire Exports in China
- Winding Wire Imports in China
Winding Wire Price in China (FOB) - 2023
The average winding wire export price stood at $6,880 per ton in September 2023, flattening at the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $7,976 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($11,072 per ton), while the average price for exports to Kenya ($3,580 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Price in China (CIF) - 2023
The average winding wire import price stood at $18,060 per ton in September 2023, with a decrease of -7.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 7.7% against the previous month. Over the period under review, average import prices attained the peak figure at $19,801 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($44,622 per ton), while the price for Vietnam ($6,968 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Exports in China
Winding wire exports from China rose modestly to 167K tons in 2022, picking up by 4.4% on 2021 figures. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, winding wire exports rose notably to $1.3B in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Winding Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 99.9 | 141 | 190 | 184 | 22.6% |
| Japan | 57.9 | 60.8 | 114 | 170 | 43.2% |
| Thailand | 60.8 | 66.8 | 112 | 119 | 25.1% |
| Philippines | 30.7 | 33.8 | 56.3 | 63.4 | 27.3% |
| Malaysia | 22.9 | 19.2 | 28.8 | 42.2 | 22.6% |
| Indonesia | 50.2 | 29.5 | 39.6 | 40.5 | -6.9% |
| South Korea | 19.2 | 18.4 | 30.8 | 33.3 | 20.1% |
| Mexico | 11.2 | 11.9 | 27.7 | 27.6 | 35.1% |
| Brazil | 17.6 | 18.8 | 22.4 | 23.7 | 10.4% |
| Pakistan | 13.6 | 11.6 | 18.3 | 22.2 | 17.7% |
| Spain | 12.1 | 9.8 | 14.8 | 19.0 | 16.2% |
| Kenya | 12.1 | 14.0 | 15.1 | 15.5 | 8.6% |
| Iraq | 14.8 | 13.2 | 16.3 | 13.0 | -4.2% |
| Others | 367 | 349 | 471 | 491 | 10.2% |
| Total | 790 | 798 | 1,157 | 1,264 | 17.0% |
Top Export Markets for Winding Wire from China in 2022:
- Vietnam (17.9K tons)
- Japan (14.4K tons)
- Thailand (12.4K tons)
- Philippines (8.0K tons)
- South Korea (5.6K tons)
- Malaysia (5.5K tons)
- Brazil (4.7K tons)
- Mexico (4.6K tons)
- Indonesia (4.6K tons)
- Iraq (4.0K tons)
- Pakistan (3.8K tons)
- Spain (3.7K tons)
- Kenya (3.4K tons)
Winding Wire Imports in China
Winding wire imports into China declined remarkably to 19K tons in 2022, waning by -18.4% against the previous year's figure. Overall, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 24K tons, and then declined significantly in the following year.
In value terms, winding wire imports shrank to $358M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $421M, and then reduced in the following year.
| Import of Winding Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 81.8 | 73.1 | 90.0 | 81.5 | -0.1% |
| United States | 35.5 | 27.4 | 43.0 | 40.0 | 4.1% |
| Germany | 13.6 | 14.5 | 34.3 | 36.1 | 38.5% |
| South Korea | 39.4 | 33.0 | 34.3 | 31.6 | -7.1% |
| Malaysia | 29.8 | 25.4 | 39.7 | 30.0 | 0.2% |
| Thailand | 16.8 | 15.7 | 29.6 | 27.7 | 18.1% |
| France | 2.5 | 2.9 | 4.4 | 7.6 | 44.9% |
| Italy | 8.7 | 0.7 | 1.1 | 0.8 | -54.9% |
| Taiwan (Chinese) | 62.8 | N/A | N/A | N/A | 0% |
| Others | 27.3 | 120 | 144 | 103 | 55.7% |
| Total | 318 | 313 | 421 | 358 | 4.0% |
Top Suppliers of Winding Wire to China in 2022:
- Italy (undefinedK tons)
- South Korea (3.5K tons)
- Japan (3.4K tons)
- Thailand (2.2K tons)
- Malaysia (1.6K tons)
- Germany (1.6K tons)
- United States (1.1K tons)
- France (0.6K tons)
This report provides an in-depth analysis of the winding wire market in China. 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 27321100 - Winding wire for electrical purposes
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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