Northern America: Wire And Cable Market 2024

Wire And Cable Market Size in Northern America

The North American wire and cable market totaled $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Wire And Cable Production in Northern America

In value terms, wire and cable production reduced to $X in 2022 estimated in export price. Overall, production saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Wire And Cable Exports

Exports in Northern America

In 2022, shipments abroad of insulated wire and cable increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wire and cable exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wire and cable exports from the United States stood at X%. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest wire and cable supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with an X% share of total exports.

In the United States, wire and cable exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire and cable export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Wire And Cable Imports

Imports in Northern America

In 2022, the amount of insulated wire and cable imported in Northern America soared to X tons, increasing by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 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 X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States was the key importer of insulated wire and cable in Northern America, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the insulated wire and cable imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported insulated wire and cable in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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