Global Wire And Cable Market 2024

Wire And Cable Market Size

In 2022, the global wire and cable market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Wire And Cable Production

In value terms, wire and cable production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Wire And Cable Exports

Exports

In 2022, overseas shipments of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wire and cable exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X tons), distantly followed by Mexico (X tons), Germany (X tons) and Turkey (X tons) represented the main exporters of insulated wire and cable, together making up X% of total exports. Italy (X tons), the United States (X tons), South Korea (X tons), Poland (X tons), Romania (X tons), the Czech Republic (X tons), Spain (X tons), Vietnam (X tons) and Morocco (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wire and cable exports from China stood at X%. At the same time, Morocco (X%), Vietnam (X%), Mexico (X%), Turkey (X%), Poland (X%), Romania (X%), Italy (X%), the Czech Republic (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Germany, Vietnam, Italy, Romania, the Czech Republic, Morocco, Poland, Turkey, South Korea and Spain lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wire and cable 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 most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Turkey ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports

Global wire and cable imports expanded rapidly to X tons in 2022, surging by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wire and cable imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), Germany (X tons) and Mexico (X tons) was the largest importer of insulated wire and cable in the world, generating X% of total import. The UK (X tons), France (X tons), Japan (X tons), Mozambique (X tons), Spain (X tons), the Czech Republic (X tons), Canada (X tons), Poland (X tons), the Netherlands (X tons) and Belgium (X tons) followed a long way behind the leaders.

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

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of global imports. Mexico, France, the UK, Canada, the Czech Republic, Spain, the Netherlands, Poland, Belgium and Mozambique lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, shrinking 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 appeared the most rapid in 2017 when the average import price increased by X%. Global import price peaked at $X per ton in 2021, and then declined modestly in the following year.

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 Japan ($X per ton), while Mozambique ($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 Czech Republic (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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