Global Stranded Wire Market 2024

Stranded Wire Market Size

The global stranded wire market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Stranded Wire Production

In value terms, stranded wire production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, global production growth remained at a lower figure.

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Stranded Wire Exports

Exports

In 2022, overseas shipments of stranded wire, ropes and cables 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% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, stranded wire exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X tons, which reached X% of total exports. Turkey (X tons) took the second position in the ranking, followed by India (X tons). All these countries together held near X% share of total exports. The following exporters - Thailand (X tons), South Korea (X tons), Vietnam (X tons), Germany (X tons), Italy (X tons), Malaysia (X tons), Portugal (X tons), the United States (X tons), Romania (X tons) and Hungary (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), India (X%), Thailand (X%), Turkey (X%), Hungary (X%), Romania (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Malaysia and Germany experienced a relatively flat trend pattern. By contrast, Italy (X%), the United States (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stranded wire supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Turkey ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs 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 the United States ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Stranded Wire Imports

Imports

Global stranded wire imports totaled X tons in 2022, increasing by X% against the previous year. 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, stranded wire imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by South Korea (X tons), Germany (X tons), India (X tons), Thailand (X tons), Canada (X tons), Japan (X tons), Poland (X tons), Belgium (X tons), the Netherlands (X tons), Australia (X tons), France (X tons) and Italy (X tons) were the main importers of stranded wire, ropes and cables, together constituting X% of total imports. South Korea (X tons), Germany (X tons), India (X tons), Thailand (X tons), Canada (X tons), Japan (X tons), Poland (X tons), Belgium (X tons), the Netherlands (X tons), Australia (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stranded wire imports into the United States stood at X%. At the same time, India (X%), Belgium (X%), Thailand (X%), Poland (X%), Italy (X%), South Korea (X%), Australia (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France, Germany and Canada experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and India increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported stranded wire, ropes and cables worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Canada (X% per year).

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 period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Italy ($X per ton), while South Korea ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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