Spain: Wire And Cable Market 2024

Wire And Cable Market Size in Spain

In 2023, after two years of decline, there was significant growth in the Spanish wire and cable market, when its value increased by X% to $X. Overall, consumption showed a temperate increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Wire And Cable Production in Spain

In value terms, wire and cable production soared to $X in 2023 estimated in export price. Overall, production, however, showed a pronounced decline. Wire and cable production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Wire And Cable Exports

Exports from Spain

In 2023, overseas shipments of insulated wire and cable increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for wire and cable exports from Spain, accounting for a X% share of total exports. Moreover, wire and cable exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Germany (X% per year).

In value terms, France ($X) remains the key foreign market for insulated wire and cable exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Morocco (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Spain

In 2023, the amount of insulated wire and cable imported into Spain skyrocketed to X tons, increasing by X% on the previous year. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, wire and cable imports soared to $X in 2023. Overall, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Morocco (X tons) constituted the largest wire and cable supplier to Spain, accounting for a X% share of total imports. Moreover, wire and cable imports from Morocco exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Morocco stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, Morocco ($X) constituted the largest supplier of insulated wire and cable to Spain, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average wire and cable import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform