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Latin America and the Caribbean - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Wire And Cable Market Overview 2020

Wire And Cable Market Size in Latin America and the Caribbean

After two years of growth, the Latin American wire and cable market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Wire And Cable Production in Latin America and the Caribbean

In value terms, wire and cable production shrank to $X in 2019 estimated in export prices. In general, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Mexico (X tonnes) constituted the country with the largest volume of wire and cable production, comprising approx. X% of total volume. Moreover, wire and cable production in Mexico exceeded the figures recorded by the second-largest producer, Brazil (X tonnes), threefold. Nicaragua (X tonnes) ranked third in terms of total production with a X% share.

In Mexico, wire and cable production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Brazil (-X% per year) and Nicaragua (+X% per year).

Wire And Cable Exports

Exports in Latin America and the Caribbean

In 2019, the amount of insulated wire and cable exported in Latin America and the Caribbean totaled X tonnes, picking up by X% against the previous year's figure. Total exports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

In value terms, wire and cable exports stood at $X in 2019. Total exports indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of export peaked in 2019 and is likely to see steady growth in the near future.

Exports by Country

Mexico dominates wire and cable exports structure, amounting to X tonnes, which was approx. X% of total exports in 2019. Brazil (X tonnes), Nicaragua (X tonnes) and Honduras (X tonnes) held a minor share of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2019. At the same time, Nicaragua (+X%) and Honduras (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.) and Nicaragua (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest wire and cable supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Honduras ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Mexico amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Honduras (+X% per year) and Nicaragua (+X% per year).

Export Prices by Country

In 2019, the wire and cable export price in Latin America and the Caribbean amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Honduras ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports in Latin America and the Caribbean

In 2019, purchases abroad of insulated wire and cable was finally on the rise to reach X tonnes after two years of decline. Total imports indicated a perceptible expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2019 and is expected to retain growth in the immediate term.

In value terms, wire and cable imports reduced modestly to $X in 2019. Total imports indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2018, and then shrank modestly in the following year.

Imports by Country

Mexico dominates wire and cable imports structure, resulting at X tonnes, which was approx. X% of total imports in 2019. Brazil (X tonnes) ranks second in terms of the total imports with a X% share, followed by Venezuela (X%). Colombia (X tonnes), Chile (X tonnes), Peru (X tonnes), Argentina (X tonnes), Honduras (X tonnes), Nicaragua (X tonnes) and Guatemala (X tonnes) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2019. At the same time, Nicaragua (+X%), Peru (+X%), Brazil (+X%), Venezuela (+X%), Guatemala (+X%), Chile (+X%), Honduras (+X%), Argentina (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Mexico, Brazil, Venezuela and Peru increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported insulated wire and cable in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, wire and cable imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2019, the wire and cable import price in Latin America and the Caribbean amounted to $X per tonne, declining by -X% against the previous year. In general, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Argentina ($X per tonne), while Venezuela ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Nicaragua, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for insulated wire and cable in LatAmerica and the Caribbean?
+
The country with the largest volume of wire and cable consumption was Mexico (873K tonnes), comprising approx. 48% of total volume. Moreover, wire and cable consumption in Mexico exceeded the figures recorded by the second-largest consumer, Brazil (375K tonnes), twofold. Honduras (71K tonnes) ranked third in terms of total consumption with a 4% share.
What are the largest producers of insulated wire and cable in LatAmerica and the Caribbean?
+
Mexico (1M tonnes) remains the largest wire and cable producing country in Latin America and the Caribbean, comprising approx. 61% of total volume. Moreover, wire and cable production in Mexico exceeded the figures recorded by the second-largest producer, Brazil (339K tonnes), threefold. The third position in this ranking was occupied by Nicaragua (77K tonnes), with a 4.6% share.
What are the leading exporters of insulated wire and cable in LatAmerica and the Caribbean?
+
In value terms, Mexico ($11.6B) remains the largest wire and cable supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was occupied by Honduras ($688M), with a 4.9% share of total exports. It was followed by Nicaragua, with a 4.2% share.
What are the leading importers of insulated wire and cable in LatAmerica and the Caribbean?
+
In value terms, Mexico ($4.7B) constitutes the largest market for imported insulated wire and cable in Latin America and the Caribbean, comprising 57% of total imports. The second position in the ranking was occupied by Brazil ($801M), with a 9.8% share of total imports. It was followed by Argentina, with a 4.5% share.
What is the average export price for insulated wire and cable in LatAmerica and the Caribbean?
+
In 2019, the wire and cable export price in Latin America and the Caribbean amounted to $14,565 per tonne, shrinking by -10.4% against the previous year.
What is the average import price for insulated wire and cable in LatAmerica and the Caribbean?
+
The wire and cable import price in Latin America and the Caribbean stood at $7,511 per tonne in 2019, reducing by -21% against the previous year.

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

This report provides an in-depth analysis of the wire and cable market in Latin America and the Caribbean. 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 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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