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U.S. - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in the United States - 2023
Contents:
- Stranded Wire Price in the United States (CIF) - 2023
- Stranded Wire Price in the United States (FOB) - 2023
- Stranded Wire Imports in the United States
- Stranded Wire Exports in the United States
Stranded Wire Price in the United States (CIF) - 2023
The average stranded wire import price stood at $2,762 per ton in August 2023, picking up by 1.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 9.8% month-to-month. As a result, import price attained the peak level of $3,225 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($4,586 per ton), while the price for Malaysia ($1,090 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stranded Wire Price in the United States (FOB) - 2023
The average stranded wire export price stood at $8,932 per ton in August 2023, increasing by 9.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices hit record highs at $9,403 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was China ($13,944 per ton), while the average price for exports to Colombia ($7,293 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Imports in the United States
In 2022, approx. 708K tons of stranded wire, ropes and cables were imported into the United States; increasing by 30% against 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, stranded wire imports soared to $2.1B in 2022. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Stranded Wire in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 87.3 | 75.2 | 109 | 241 | 40.3% |
Vietnam | 155 | 93.6 | 165 | 232 | 14.4% |
China | 239 | 144 | 192 | 230 | -1.3% |
India | 24.0 | 19.0 | 53.0 | 164 | 89.8% |
South Korea | 98.3 | 64.2 | 88.4 | 148 | 14.6% |
Thailand | 38.2 | 49.5 | 76.2 | 143 | 55.3% |
Turkey | 52.4 | 39.0 | 59.7 | 114 | 29.6% |
Bahrain | 20.5 | 14.4 | 37.2 | 109 | 74.5% |
Canada | 86.2 | 74.1 | 70.6 | 73.3 | -5.3% |
Malaysia | 46.8 | 23.6 | 28.6 | 71.8 | 15.3% |
Portugal | 18.4 | 26.0 | 43.6 | 68.6 | 55.1% |
Indonesia | 37.5 | 19.9 | 30.8 | 48.7 | 9.1% |
Hungary | 0.1 | 1.5 | 12.8 | 30.7 | 574.6% |
Others | 311 | 248 | 291 | 400 | 8.8% |
Total | 1,215 | 892 | 1,258 | 2,074 | 19.5% |
Top Suppliers of Stranded Wire to the United States in 2022:
- Vietnam (115.6K tons)
- China (96.6K tons)
- Thailand (63.0K tons)
- Mexico (50.3K tons)
- India (44.1K tons)
- Malaysia (44.1K tons)
- South Korea (41.8K tons)
- Portugal (35.4K tons)
- Turkey (29.5K tons)
- Bahrain (28.4K tons)
- Indonesia (23.7K tons)
- Hungary (17.6K tons)
- Canada (17.3K tons)
Stranded Wire Exports in the United States
In 2022, stranded wire exports from the United States expanded to 96K tons, with an increase of 3.5% against 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 17%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, stranded wire exports skyrocketed to $806M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 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 30% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
Export of Stranded Wire in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 205 | 192 | 291 | 332 | 17.4% |
Mexico | 255 | 175 | 220 | 256 | 0.1% |
China | 17.5 | 14.9 | 21.6 | 23.1 | 9.7% |
Colombia | 6.3 | 5.9 | 7.0 | 18.0 | 41.9% |
Guyana | 1.9 | 1.5 | 2.1 | 12.9 | 89.4% |
Chile | 3.2 | 2.6 | 4.6 | 10.7 | 49.5% |
Others | 178 | 131 | 135 | 153 | -4.9% |
Total | 667 | 523 | 682 | 806 | 6.5% |
Top Export Markets for Stranded Wire from the United States in 2022:
- Canada (46.5K tons)
- Mexico (25.1K tons)
- China (3.4K tons)
- Colombia (3.1K tons)
- Guyana (1.8K tons)
- Chile (1.7K tons)
This report provides an in-depth analysis of the stranded wire 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 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 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.
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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 U.S..
This report provides an in-depth analysis of the steel stranded wire market in the U.S..
This report provides an in-depth analysis of the steel plaited band market in the U.S..
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 U.S..
This report provides an in-depth analysis of the steel stranded wire market in the U.S..
This report provides an in-depth analysis of the steel plaited band market in the U.S..
This report provides an in-depth analysis of the global stranded wire market.
In value terms, stranded wire imports surged to $173M in March 2023.
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.
In value terms, stranded wire imports surged to $173M in March 2023.
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.