EU: Stranded Wire Market 2024

Stranded Wire Market Size in the EU

In 2022, the EU stranded wire market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Stranded Wire Production in the EU

In value terms, stranded wire production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Stranded Wire Exports

Exports in the EU

In 2022, shipments abroad of stranded wire, ropes and cables increased by less than X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, stranded wire exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Germany (X tons), Italy (X tons), Portugal (X tons), Romania (X tons), Hungary (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), Slovakia (X tons), Sweden (X tons), France (X tons) and Poland (X tons) was the largest exporter of stranded wire, ropes and cables in the European Union, making up X% of total export.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest stranded wire supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Stranded Wire Imports

Imports in the EU

In 2022, supplies from abroad of stranded wire, ropes and cables increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, stranded wire imports expanded significantly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), Poland (X tons), Belgium (X tons), the Netherlands (X tons), France (X tons), Italy (X tons), Spain (X tons), the Czech Republic (X tons), Slovakia (X tons), Romania (X tons), Denmark (X tons) and Luxembourg (X tons) was the main importer of stranded wire, ropes and cables in the European Union, committing X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for X% of total imports. Poland, Spain, the Netherlands, Belgium, the Czech Republic, Slovakia, Romania, Denmark and Luxembourg lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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