ASEAN: Wire And Cable Market 2023

Wire And Cable Market Size in ASEAN The ASEAN wire and cable market amounted to $X in 2021, increasing by 7.1% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum. 

Wire And Cable Production in ASEAN 

In value terms, wire and cable production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum. 

Wire And Cable Exports 
Exports in ASEAN 

In 2021, overseas shipments of insulated wire and cable increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure. 

In value terms, wire and cable exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.6% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term. 

Exports by Country 

In 2021, Vietnam (X tons), distantly followed by the Philippines (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons), Singapore (X tons) and Cambodia (X tons) represented the largest exporters of insulated wire and cable, together committing 100% of total exports. 

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +42.0%), while the other leaders experienced more modest paces of growth. 

In value terms, Vietnam ($X) remains the largest wire and cable supplier in ASEAN, comprising 42% of total exports. The second position in the ranking was held by the Philippines ($X), with an 18% share of total exports. It was followed by Thailand, with a 12% share. 

In Vietnam, wire and cable exports expanded at an average annual rate of +12.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+6.4% per year) and Thailand (+6.3% per year). 

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with an increase of 7.3% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wire and cable export price increased by +79.6% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 70%. The level of export peaked in 2021 and is expected to retain growth in the near future. 

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest. 

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the other leaders experienced more modest paces of growth. 

Wire And Cable Imports 

Imports in ASEAN 

In 2021, the amount of insulated wire and cable imported in ASEAN expanded rapidly to X tons, surging by 10% compared with the previous year's figure. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 14%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term. 

In value terms, wire and cable imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.3% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country 

The purchases of the three major importers of insulated wire and cable, namely Thailand, Vietnam and Singapore, represented more than half of total import. It was distantly followed by the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons), together creating a 31% share of total imports. Cambodia (X tons) followed a long way behind the leaders. 

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth. 

In value terms, the largest wire and cable importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Singapore ($X), together accounting for 63% of total imports. These countries were followed by Malaysia, the Philippines, Indonesia and Cambodia, which together accounted for a further 36%. 

In terms of the main importing countries, Cambodia, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth. 

Import Prices by Country 

The import price in ASEAN stood at $X per ton in 2021, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term. 

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest. 

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%), while the other leaders experienced more modest paces of growth. 

Source: IndexBox Platform