Insulated Coaxial Cable Market

The article discusses the projected growth trends in the global market for insulated coaxial cable from 2022 to 2030, including expected consumption, production, imports, and exports. It provides valuable data on key consuming countries, market size, and price trends over the past decade. The analysis highlights significant fluctuations in market performance and showcases the leading players in the industry. Overall, the article offers a comprehensive overview of the current state and future prospects of the insulated coaxial cable market.

Market Forecast

Driven by rising demand for insulated coaxial cable worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $31.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Insulated Coaxial Cables

In 2022, the amount of insulated coaxial cables consumed worldwide shrank to 1.8M tons, falling by -3.5% compared with 2021. Overall, consumption continues to indicate a slight slump. The pace of growth appeared the most rapid in 2021 when the consumption volume increased by 8.8%. Over the period under review, global consumption reached the maximum volume at 2.1M tons in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

The global insulated coaxial cable market revenue reduced slightly to $23.7B in 2022, declining by -3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $25.1B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of insulated coaxial cable consumption was China (453K tons), accounting for 24% of total volume. Moreover, insulated coaxial cable consumption in China exceeded the figures recorded by the second-largest consumer, the United States (200K tons), twofold. Turkey (191K tons) ranked third in terms of total consumption with a 10% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to -2.1%. In the other countries, the average annual rates were as follows: the United States (+3.6% per year) and Turkey (+12.8% per year).

In value terms, Turkey ($5B), the United States ($3.9B) and India ($2.2B) were the countries with the highest levels of market value in 2022, with a combined 47% share of the global market.

Turkey, with a CAGR of +13.1%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of insulated coaxial cable per capita consumption in 2022 were the United Arab Emirates (2,884 kg per 1000 persons), Turkey (2,227 kg per 1000 persons) and Saudi Arabia (1,000 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Turkey (with a CAGR of +11.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Insulated Coaxial Cables

In 2022, production of insulated coaxial cables increased by 15% to 2.1M tons, rising for the second year in a row after two years of decline. In general, production recorded a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, insulated coaxial cable production reduced modestly to $21.5B in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Global production peaked at $32.7B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (621K tons), Spain (347K tons) and Turkey (201K tons), together accounting for 55% of global production. The United States, India, Saudi Arabia, Brazil, Japan, the United Arab Emirates, Italy and Mexico lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +3,692,874,300.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Insulated Coaxial Cables

Global insulated coaxial cable imports reduced to 535K tons in 2022, waning by -10.7% against 2021 figures. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of 5.3%. As a result, imports reached the peak of 794K tons. From 2015 to 2022, the growth of global imports remained at a lower figure.

In value terms, insulated coaxial cable imports rose modestly to $6B in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14%. Over the period under review, global imports hit record highs at $6.4B in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the United States (67K tons), followed by Mexico (41K tons) and Kuwait (25K tons) were the main importers of insulated coaxial cables, together generating 25% of total imports. Thailand (20K tons), Indonesia (15K tons), Hong Kong SAR (15K tons), Germany (13K tons), Egypt (12K tons), Morocco (11K tons), Canada (11K tons), Vietnam (11K tons), the UK (11K tons) and Saudi Arabia (9.5K tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +16.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($716M) constitutes the largest market for imported insulated coaxial cables worldwide, comprising 12% of global imports. The second position in the ranking was held by Germany ($293M), with a 4.9% share of global imports. It was followed by Mexico, with a 4.4% share.

In the United States, insulated coaxial cable imports expanded at an average annual rate of +1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+3.1% per year) and Mexico (+2.2% per year).

Import Prices By Country

The average insulated coaxial cable import price stood at $11,216 per ton in 2022, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue 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 Germany ($22,490 per ton), while Saudi Arabia ($3,051 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+18.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Insulated Coaxial Cables

In 2022, overseas shipments of insulated coaxial cables were finally on the rise to reach 792K tons for the first time since 2018, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, insulated coaxial cable exports rose modestly to $6.7B in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Spain (318K tons) was the major exporter of insulated coaxial cables, creating 40% of total exports. China (176K tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (7.1%). The following exporters - the United States (23K tons), Mexico (22K tons), Morocco (22K tons), the United Arab Emirates (14K tons) and Turkey (13K tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +67.6%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.3B) remains the largest insulated coaxial cable supplier worldwide, comprising 20% of global exports. The second position in the ranking was held by the United States ($584M), with an 8.8% share of global exports. It was followed by Morocco, with a 6.7% share.

In China, insulated coaxial cable exports plunged by an average annual rate of -1.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.2% per year) and Morocco (+84.2% per year).

Export Prices By Country

The average insulated coaxial cable export price stood at $8,419 per ton in 2022, with a decrease of -32% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $12,382 per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($25,445 per ton), while Spain ($823 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+9.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform