U.S.: Stranded Wire Market 2024

Stranded Wire Market Size in the U.S.

In 2022, the U.S. stranded wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Stranded Wire Production in the U.S.

In value terms, stranded wire production rose markedly to $X in 2022. Over the period under review, production, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. Stranded wire production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Stranded Wire Exports

Exports from the U.S.

In 2022, shipments abroad 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. Overall, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, stranded wire exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of stranded wire exports from the United States, together comprising X% of total exports. Colombia, Guyana, Chile and Brazil lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for stranded wire exported from the United States were Canada ($X), Mexico ($X) and China ($X), together comprising X% of total exports. Colombia, Guyana, Chile and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

Stranded Wire Imports

Imports into the U.S.

In 2022, approx. X tons of stranded wire, ropes and cables were imported into the United States; increasing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire imports surged to $X in 2022. Overall, imports continue to indicate perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and Thailand (X tons) were the main suppliers of stranded wire imports to the United States, with a combined X% share of total imports. Mexico, Malaysia, India, South Korea, Portugal, Turkey, Bahrain, Indonesia, Hungary and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X), Vietnam ($X) and China ($X) were the largest stranded wire suppliers to the United States, together comprising X% of total imports. India, South Korea, Thailand, Turkey, Bahrain, Canada, Malaysia, Portugal, Indonesia and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Hungary, 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

The average stranded wire import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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