![U.S. - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/u-s-insulated-wire-and-cable-market-analysis-forecast-size-trends-and-insights.webp)
U.S. - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingU.S. Boosts Electric Cable Imports 28% to Over $19B on Strong Economic Recovery
IndexBox has just published a new report: 'U.S. - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The U.S., being the leading importer in the global electric cable market, sharply increased purchases last year. In January-October 2021, cable shipments to America rose by 43% to 920M tons or by 28% to $19B in value terms compared to the same period of 2020.
From January to October 2021, the U.S. purchased 920M tons of cables, a 43% increase compared to the same period a year earlier. In value terms, supplies rose by 28% to over $19B. These figures reflect the total imports of aluminum, copper and other winding wires, insulated electric conductors, insulated ignition wiring sets and coaxial cables.
High demand for wires in the U.S. was induced by the recovery of industrial manufacturing and the delayed spillovers of the construction boom, such as equipping new residential areas with electricity and telecom networks. The average import price of electric wires and cables stood at $20,750 per ton over the period under review, 11% less than in the same period in 2020. This also contributed to the market growth, making cables more affordable.
Mexico and China remain the largest providers of electric wires to the U.S. In Q1-Q3 2021, American imports from Mexico soared by 63% to 361M tons or by 30% to $8.6B in value terms against the figures for Q1-Q3 2020. During that time, the average price of insulated cables supplied from Mexico amounted to $23,872 per ton, falling by 25% compared to the same period of the previous year. Meanwhile, purchases from China grew by 27% to 112M tons, or by 15% to $2.5B in value terms. The average price for cables imported from China dropped by 11% to $22,030 per ton.
U.S. Imports of Electric Wires and Cables by Country
In 2020, wire and cable imports into the U.S. dropped dramatically to 962K tons, decreasing by -20.4% compared with the previous year's figure. In value terms, supplies fell to $18.4B (IndexBox estimates).
Mexico (417K tons) constituted the largest supplier of wire and cable to the U.S., accounting for a 43% share of total imports. Moreover, wire and cable imports from Mexico exceeded the figures recorded by the second-largest supplier, China (148K tons), threefold. Vietnam (65K tons) ranked third in terms of total imports with a 6.8% share.
In value terms, Mexico ($9.4B) constituted the largest supplier of wire and cable to the U.S., comprising 51% of total imports. The second position in the ranking was occupied by China ($2.9B), with a 16% share of total imports. It was followed by Vietnam, with a 6.1% share.
In 2020, supplies from Mexico dropped by -14.6% y-o-y. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.7% y-o-y) and Vietnam (+20.6% y-o-y).
This report provides an in-depth analysis of the wire and cable market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023