Report Update: Apr 1, 2024

Pakistan - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights

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Wire and Cable Price in Pakistan - 2023

Wire and Cable Price in Pakistan (CIF) - 2023

In February 2023, the average wire and cable import price amounted to $4,505 per ton, declining by -69.2% against the previous month. In general, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 53% month-to-month. The import price peaked at $15,725 per ton in May 2022; however, from June 2022 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6,578 per ton), while the price for Germany ($2,695 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (-4.0%), while the prices for the other major suppliers experienced a decline.

Wire and Cable Price in Pakistan (FOB) - 2022

In 2022, the average wire and cable export price amounted to $5,891 per ton, surging by 8.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, the average export prices reached the maximum at $6,109 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($9,050 per ton), while the average price for exports to Ethiopia ($1,832 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wire and Cable Imports in Pakistan

In 2022, imports of insulated wire and cable into Pakistan reduced to 10K tons, shrinking by -8.6% against the year before. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 79%.

In value terms, wire and cable imports dropped dramatically to $107M in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 79%.

Import of Wire and Cable in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	161	56.7	99.6	76.2	-22.1%
United Arab Emirates	8.5	4.9	8.5	4.7	-17.9%
Japan	4.1	2.9	4.9	4.2	0.8%
Netherlands	2.2	0.8	2.3	2.4	2.9%
Sri Lanka	0.1	0.6	1.2	1.6	152.0%
Malaysia	0.8	0.8	1.2	1.5	23.3%
Australia	0.2	0.2	0.2	0.4	26.0%
Others	23.2	12.0	23.0	15.5	-12.6%
Total	200	78.8	141	107	-18.8%

Top Suppliers of Wire and Cable to Pakistan in 2022:

China (7.5K tons)
United Arab Emirates (0.5K tons)
Netherlands (0.4K tons)
Australia (0.3K tons)
Japan (0.3K tons)
Malaysia (0.2K tons)
Sri Lanka (0.2K tons)

Wire and Cable Exports in Pakistan

In 2022, the amount of insulated wire and cable exported from Pakistan skyrocketed to 944 tons, jumping by 61% on 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports soared to $5.6M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Wire and Cable in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Afghanistan	871	184	366	2,622	44.4%
Senegal	250	178	94.6	962	56.7%
United Arab Emirates	382	75.5	116	570	14.3%
United Kingdom	650	719	572	418	-13.7%
United States	107	57.9	212	370	51.2%
Ethiopia	34.2	9.9	23.9	28.8	-5.6%
Qatar	23.3	2,663	520	19.2	-6.2%
Iraq	225	290	2.6	4.2	-73.5%
Others	804	838	1,291	568	-10.9%
Total	3,346	5,014	3,198	5,561	18.5%

Top Export Markets for Wire and Cable from Pakistan in 2022:

Afghanistan (427.0 tons)
United Kingdom (149.9 tons)
United Arab Emirates (139.8 tons)
Senegal (106.3 tons)
United States (41.9 tons)
Ethiopia (15.7 tons)
Qatar (5.5 tons)
Iraq (2.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wire and cable market in Pakistan. 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:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023