U.S. - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire and Cable Price in the United States - 2023
Contents:
- Wire and Cable Price in the United States (CIF) - 2023
- Wire and Cable Price in the United States (FOB) - 2023
- Wire and Cable Imports in the United States
- Wire and Cable Exports in the United States
Wire and Cable Price in the United States (CIF) - 2023
In July 2023, the average wire and cable import price amounted to $26,781 per ton, increasing by 7.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 22% m-o-m. As a result, import price attained the peak level of $26,956 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($49,714 per ton), while the price for Cambodia ($4,622 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Wire and Cable Price in the United States (FOB) - 2023
The average wire and cable export price stood at $32,843 per ton in July 2023, reducing by -3.7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 11% month-to-month. The export price peaked at $34,427 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Germany ($45,434 per ton), while the average price for exports to Canada ($26,512 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wire and Cable Imports in the United States
Wire and cable imports into the United States surged to 1.2M tons in 2022, picking up by 20% compared with 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wire and cable imports soared to $26.2B in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Wire and Cable in the United States (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 11.0 | 9.3 | 11.4 | 12.9 | 5.5% |
China | 3.5 | 2.8 | 3.2 | 3.7 | 1.9% |
Vietnam | 0.9 | 1.1 | 1.4 | 1.5 | 18.6% |
Philippines | 0.7 | 0.6 | 0.8 | 0.9 | 8.7% |
Honduras | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
Canada | 0.6 | 0.5 | 0.6 | 0.7 | 5.3% |
Taiwan (Chinese) | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
South Korea | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
India | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
Germany | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
Poland | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Cambodia | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Turkey | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 2.1 | 1.9 | 2.5 | 3.0 | 12.6% |
Total | 20.6 | 17.9 | 22.4 | 26.2 | 8.3% |
Top Suppliers of Wire and Cable to the United States in 2022:
- Mexico (379.0K tons)
- China (228.2K tons)
- Vietnam (80.9K tons)
- South Korea (70.8K tons)
- Canada (56.7K tons)
- Cambodia (51.4K tons)
- India (49.8K tons)
- Poland (30.5K tons)
- Taiwan (Chinese) (25.8K tons)
- Germany (25.3K tons)
- Honduras (19.9K tons)
- Turkey (18.5K tons)
- Philippines (14.3K tons)
Wire and Cable Exports in the United States
In 2022, the amount of insulated wire and cable exported from the United States rose slightly to 427K tons, with an increase of 3.8% on 2021 figures. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 8.2%.
In value terms, wire and cable exports skyrocketed to $10.3B in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wire and Cable in the United States (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 3.1 | 2.5 | 3.2 | 4.0 | 8.9% |
Canada | 2.1 | 1.6 | 1.9 | 2.5 | 6.0% |
China | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
Netherlands | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
Malaysia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 3.1 | 2.6 | 2.8 | 3.1 | 0.0% |
Total | 8.9 | 7.3 | 8.7 | 10.3 | 5.0% |
Top Export Markets for Wire and Cable from the United States in 2022:
- Mexico (166.5K tons)
- Canada (121.9K tons)
- Netherlands (16.4K tons)
- China (10.1K tons)
- Malaysia (6.4K tons)
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.
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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
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In July 2022, the wire and cable price per ton stood at $4,989, rising by 4.7% against the previous month.
The U.S., being the leading importer in the global electric cable market, sharply increased imports last year. In January-October 2021, American cable purchases rose by 43% to 920M tons or by 28% to $19B in value terms compared to the same period of 2020.
Electric wires and cables may hit a record demand amid the infrastructure development for electric vehicles in the U.S., for which the Biden administration's infrastructure bill will allocate $174B. The active deployment of 5G networks and the expansion in the construction sector due to the rush demand for dwellings will also continue driving the market in the medium term.
In July 2022, the winding wire price per ton stood at $12,107, approximately reflecting the previous month.
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