Australia - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire and Cable Price in Australia - 2023
Contents:
- Wire and Cable Price in Australia (CIF) - 2023
- Wire and Cable Price in Australia (FOB) - 2023
- Wire and Cable Imports in Australia
- Wire and Cable Exports in Australia
Wire and Cable Price in Australia (CIF) - 2023
In July 2023, the average wire and cable import price amounted to $23,145 per ton, rising by 91% against the previous month. Overall, import price indicated a resilient expansion from July 2022 to July 2023: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, wire and cable import price increased by +91.0% against June 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($32,622 per ton), while the price for India ($8,894 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wire and Cable Price in Australia (FOB) - 2023
The average wire and cable export price stood at $15,040 per ton in July 2023, with an increase of 27% against the previous month. In general, the export price recorded a measured increase. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 100% against the previous month. Over the period under review, the average export prices reached the maximum at $20,748 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was France ($43,150 per ton), while the average price for exports to Malaysia ($5,697 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wire and Cable Imports in Australia
In 2022, approx. 132K tons of insulated wire and cable were imported into Australia; picking up by 1.7% against 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, wire and cable imports rose notably to $1.6B in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wire and Cable in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 625 | 625 | 910 | 983 | 16.3% |
| United States | 86.0 | 82.8 | 82.2 | 100 | 5.2% |
| South Korea | 55.6 | 63.4 | 67.6 | 81.5 | 13.6% |
| India | 23.3 | 32.8 | 60.4 | 67.8 | 42.8% |
| Germany | 37.6 | 36.1 | 38.4 | 42.7 | 4.3% |
| Vietnam | 12.4 | 12.2 | 23.1 | 42.2 | 50.4% |
| Poland | 15.5 | 16.1 | 20.2 | 29.7 | 24.2% |
| Others | 236 | 188 | 285 | 284 | 6.4% |
| Total | 1,092 | 1,057 | 1,486 | 1,632 | 14.3% |
Top Suppliers of Wire and Cable to Australia in 2022:
- China (91.8K tons)
- South Korea (7.6K tons)
- India (6.8K tons)
- Vietnam (3.4K tons)
- United States (3.2K tons)
- Germany (2.6K tons)
- Poland (2.0K tons)
Wire and Cable Exports in Australia
For the third year in a row, Australia recorded decline in shipments abroad of insulated wire and cable, which decreased by -19% to 8K tons in 2022. Overall, exports faced a significant decline.
In value terms, wire and cable exports reached $132M in 2022. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
| Export of Wire and Cable in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 46.4 | 42.0 | 68.8 | 62.4 | 10.4% |
| United States | 10.7 | 9.2 | 11.6 | 13.8 | 8.9% |
| Papua New Guinea | 14.5 | 5.6 | 6.6 | 6.4 | -23.9% |
| Germany | 3.4 | 4.2 | 4.0 | 5.4 | 16.7% |
| Singapore | 2.7 | 1.9 | 3.8 | 5.1 | 23.6% |
| Indonesia | 2.6 | 2.6 | 3.6 | 5.0 | 24.4% |
| Thailand | 1.4 | 4.0 | 1.8 | 3.8 | 39.5% |
| Malaysia | 7.5 | 12.4 | 5.4 | 2.7 | -28.9% |
| Cote d'Ivoire | 1.6 | 2.2 | 0.6 | 2.1 | 9.5% |
| China | 5.0 | 2.3 | 2.1 | 2.0 | -26.3% |
| Botswana | 0.3 | 1.1 | 0.4 | 1.5 | 71.0% |
| India | 10.7 | 6.6 | 1.2 | 0.6 | -61.7% |
| Nigeria | 4.5 | 2.1 | N/A | N/A | -53.3% |
| Others | 25.5 | 21.1 | 20.5 | 21.1 | -6.1% |
| Total | 137 | 118 | 130 | 132 | -1.2% |
Top Export Markets for Wire and Cable from Australia in 2022:
- New Zealand (3991.3 tons)
- United States (563.4 tons)
- Thailand (445.2 tons)
- Papua New Guinea (424.7 tons)
- Indonesia (354.8 tons)
- Malaysia (326.5 tons)
- Singapore (201.1 tons)
- Cote d'Ivoire (187.1 tons)
- China (156.8 tons)
- Germany (147.7 tons)
- Botswana (127.3 tons)
- India (32.7 tons)
- Nigeria (0.1 tons)
This report provides an in-depth analysis of the wire and cable market in Australia. 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 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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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