Spain: Stranded Wire Market 2024

Stranded Wire Market Size in Spain

The Spanish stranded wire market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption posted buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Stranded Wire Production in Spain

In value terms, stranded wire production soared to $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Stranded Wire Exports

Exports from Spain

In 2022, the amount of stranded wire, ropes and cables exported from Spain contracted to X tons, falling by X% compared with 2021 figures. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, stranded wire exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main destinations of stranded wire exports from Spain, with a combined X% share of total exports. Morocco, the United States, Germany, Luxembourg, India, Belgium, Norway, Turkey, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for stranded wire exported from Spain were France ($X), Italy ($X) and Portugal ($X), together comprising X% of total exports. Morocco, Germany, the United States, India, Belgium, Norway, the Netherlands, Luxembourg, Turkey and the UK lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a prominent expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Morocco ($X 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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Spain

In 2022, overseas purchases of stranded wire, ropes and cables increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a perceptible descent. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stranded wire imports surged to $X in 2022. Overall, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Italy (X tons) and Romania (X tons) were the main suppliers of stranded wire imports to Spain, together accounting for X% of total imports. Turkey, France, South Korea, Luxembourg, China, Belgium, Thailand, Slovakia, Germany and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), Turkey ($X) and Italy ($X) were the largest stranded wire suppliers to Spain, with a combined X% share of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stranded wire import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :