United Kingdom - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in the UK - 2023
Contents:
- Stranded Wire Price in the UK (CIF) - 2022
- Stranded Wire Price in the UK (FOB) - 2022
- Stranded Wire Imports in the UK
- Stranded Wire Exports in the UK
Stranded Wire Price in the UK (CIF) - 2022
In 2022, the average stranded wire import price amounted to $4,212 per ton, with an increase of 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 an increase of 26%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($6,953 per ton), while the price for Thailand ($1,242 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Stranded Wire Price in the UK (FOB) - 2022
The average stranded wire export price stood at $5,877 per ton in 2022, surging by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 29%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($11,822 per ton), while the average price for exports to India ($1,838 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 Norway (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Imports in the UK
In 2022, approx. 76K tons of stranded wire, ropes and cables were imported into the UK; rising by 4.5% against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year.
In value terms, stranded wire imports rose sharply to $319M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Stranded Wire in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 70.4 | 51.2 | 92.0 | 101 | 12.8% |
Italy | 26.3 | 17.9 | 28.6 | 31.5 | 6.2% |
Germany | 26.8 | 25.3 | 26.5 | 30.0 | 3.8% |
China | 11.9 | 8.6 | 21.4 | 22.9 | 24.4% |
Netherlands | 7.5 | 5.9 | 13.2 | 15.3 | 26.8% |
Portugal | 9.1 | 10.4 | 11.2 | 12.3 | 10.6% |
India | 10.2 | 9.7 | 10.8 | 11.6 | 4.4% |
Poland | 2.9 | 4.7 | 8.5 | 10.2 | 52.1% |
Denmark | 8.0 | 8.0 | 3.4 | 6.8 | -5.3% |
Spain | 8.4 | 3.6 | 5.8 | 6.7 | -7.3% |
Thailand | 10.8 | 3.3 | 4.3 | 6.5 | -15.6% |
Bahrain | 1.9 | 1.3 | 4.1 | 5.8 | 45.1% |
United Arab Emirates | 2.6 | 1.2 | 3.3 | 3.5 | 10.4% |
Others | 39.4 | 45.5 | 46.3 | 54.3 | 11.3% |
Total | 236 | 197 | 279 | 319 | 10.6% |
Top Suppliers of Stranded Wire to the UK in 2022:
- Turkey (19.7K tons)
- Italy (6.2K tons)
- Portugal (6.1K tons)
- Germany (5.7K tons)
- Thailand (5.2K tons)
- China (4.8K tons)
- India (4.3K tons)
- Spain (4.0K tons)
- Netherlands (2.8K tons)
- Denmark (1.9K tons)
- Bahrain (1.6K tons)
- Poland (1.5K tons)
- United Arab Emirates (1.4K tons)
Stranded Wire Exports in the UK
Stranded wire exports from the UK expanded markedly to 41K tons in 2022, with an increase of 5.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, stranded wire exports rose markedly to $241M in 2022. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Stranded Wire in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 14.8 | 11.2 | 44.9 | 48.3 | 48.3% |
France | 8.6 | 6.5 | 20.3 | 22.2 | 37.2% |
United States | 17.1 | 20.3 | 20.1 | 21.7 | 8.3% |
Netherlands | 7.3 | 6.9 | 20.0 | 20.6 | 41.3% |
Germany | 12.7 | 9.0 | 17.4 | 15.9 | 7.8% |
China | 8.9 | 6.8 | 4.7 | 7.1 | -7.3% |
Denmark | 5.2 | 1.8 | 6.1 | 6.5 | 7.7% |
Ireland | 3.7 | 3.2 | 5.8 | 5.9 | 16.8% |
Italy | 4.0 | 5.0 | 4.2 | 4.9 | 7.0% |
United Arab Emirates | 5.3 | 4.1 | 3.4 | 4.7 | -3.9% |
Spain | 5.0 | 3.8 | 4.1 | 4.6 | -2.7% |
India | 4.2 | 5.0 | 3.3 | 4.4 | 1.6% |
Iceland | 2.4 | 2.0 | 2.8 | 3.0 | 7.7% |
Others | 49.9 | 45.3 | 64.9 | 71.1 | 12.5% |
Total | 149 | 131 | 222 | 241 | 17.4% |
Top Export Markets for Stranded Wire from the UK in 2022:
- Netherlands (4.7K tons)
- Norway (4.1K tons)
- United States (2.9K tons)
- Germany (2.5K tons)
- India (2.4K tons)
- France (2.2K tons)
- China (1.9K tons)
- Denmark (1.3K tons)
- Italy (1.1K tons)
- United Arab Emirates (1.1K tons)
- Spain (1.1K tons)
- Iceland (1.0K tons)
- Ireland (1.0K tons)
This report provides an in-depth analysis of the stranded wire market in the UK. 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
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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
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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
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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
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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
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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
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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
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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
This report provides an in-depth analysis of the stranded wire market in the UK.
This report provides an in-depth analysis of the steel stranded wire market in the UK.
This report provides an in-depth analysis of the steel plaited band market in the UK.
This report provides an in-depth analysis of the global stranded wire market.
This report provides an in-depth analysis of the global steel stranded wire market.
This report provides an in-depth analysis of the global steel plaited band market.
This report provides an in-depth analysis of the stranded wire market in the UK.
This report provides an in-depth analysis of the steel stranded wire market in the UK.
This report provides an in-depth analysis of the steel plaited band market in the UK.
This report provides an in-depth analysis of the global stranded wire market.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.