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    Home > Chemicals Industry > International Chemical > CRU: Global metal cable consumption will reach 18.9 million tons in 2018

    CRU: Global metal cable consumption will reach 18.9 million tons in 2018

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    "In 2017, the global demand for insulated wire and cable market increased by 19% to $161 billion
    .
    The recovery in 2017 was mainly due to the improvement of the external economic environment, industrial policy and political stability
    .
    At the same time, the rise in base metal prices has supported the insulated wire and cable market
    .
    Hadrien Guillotin, a market analysis expert in CRU wire and cable market at commodity research institutes, said
    at the 2018 China Wire and Cable Industry Conference.

    According to Hadrien Guillotin, in 2017, low-voltage power cables accounted for 40% of the total market demand for insulated wires and cables throughout the year, followed by copper-led power cables, accounting for 25%, winding wires accounting for 15%, data cables accounting for 10%, aluminum conductive power cables accounting for 8%, and communication cables accounting for 2%.

    Overall, construction, utilities, transportation and industry are the four major application areas
    of cable.
    Specifically, utility power is the largest application field of energy cables, accounting for 50%; Construction is the largest application field of communication cables, accounting for up to 64%, and industry is the largest application field of winding wires, accounting for 65%.

    In terms of conductor consumption, construction accounts for 39% of total consumption, followed by utilities with 26%, industry with 24%, and transportation with 11%.

    On the other hand, from the perspective of metal cables, global demand increased by 3.
    4% to 18.
    3 million tons
    in 2017.
    Average demand growth since 2012 has reached 2.
    8 percent, almost half
    the average growth rate from 2003 to 2007.
    Especially in 2009, the global financial crisis caused the demand for metal cables to fall by 7.
    6%
    that year.

    China is the world's largest single demand market
    .
    In 2017, China's wire and cable consumption accounted for 34% of the global total (calculated by the conductor weight of metal cables), North America accounted for 12%, Western Europe accounted for 12%, Eastern Europe accounted for 5%, India accounted for 7%, and ASEAN accounted for 5%.

    From the perspective of manufacturers, the world's largest cable manufacturers are still concentrated in developed countries
    .
    According to the output value statistics of insulated cable companies in 2017, cable manufacturers with more than 3 billion US dollars include Prysmian (8 billion US dollars), Nexans (6 billion US dollars), the southern line of the United States (5.
    2 billion US dollars), General Cable (3.
    9 billion US dollars), Sumitomo Electric (3.
    7 billion US dollars), and CommScope Cable (3.
    5 billion US dollars).

    It is estimated that in 2018, the global consumption of metal cables will reach 18.
    9 million tons.

    Among them, China is expected to grow by 3.
    5% to 6.
    5 million tons, India will continue to maintain a growth rate of about 7% to 1.
    2 million tons, the Gulf Cooperation Council and Turkey account for about 1.
    2 million tons, ASEAN accounts for about 900,000 tons, Africa accounts for about 700,000 tons, and South America accounts for about 600,000 tons
    .
    It can be seen that in 2018, India, the Middle East, South America and other emerging markets wire and cable growth is the strongest
    .
    It is estimated that China, India and Northeast Asia account for nearly 50%
    of the global wire and cable consumption.

    Hadrien Guillotin believes that in 2018, the output value of the global wire and cable market will continue to grow
    .
    With the advancement of the Made in China 2025 plan, China is moving towards
    higher value markets.
    It is expected that China's cable industry will maintain a steady growth rate of about 3%, although it is lower than the previous growth rate of 5
    %.
    However, with the emergence of trade frictions, US tariffs on China are generally focused on products that benefit from the "Made in China 2025" strategic plan
    .
    Therefore, the uncertainty of the trade war on continued development remains
    .

    "In 2017, the global demand for insulated wire and cable market increased by 19% to $161 billion
    .
    The recovery in 2017 was mainly due to the improvement of the external economic environment, industrial policy and political stability
    .
    At the same time, the rise in base metal prices has supported the insulated wire and cable market
    .
    Hadrien Guillotin, a market analysis expert in CRU wire and cable market at commodity research institutes, said
    at the 2018 China Wire and Cable Industry Conference.

    cable

    According to Hadrien Guillotin, in 2017, low-voltage power cables accounted for 40% of the total market demand for insulated wires and cables throughout the year, followed by copper-led power cables, accounting for 25%, winding wires accounting for 15%, data cables accounting for 10%, aluminum conductive power cables accounting for 8%, and communication cables accounting for 2%.

    Overall, construction, utilities, transportation and industry are the four major application areas
    of cable.
    Specifically, utility power is the largest application field of energy cables, accounting for 50%; Construction is the largest application field of communication cables, accounting for up to 64%, and industry is the largest application field of winding wires, accounting for 65%.

    In terms of conductor consumption, construction accounts for 39% of total consumption, followed by utilities with 26%, industry with 24%, and transportation with 11%.

    On the other hand, from the perspective of metal cables, global demand increased by 3.
    4% to 18.
    3 million tons
    in 2017.
    Average demand growth since 2012 has reached 2.
    8 percent, almost half
    the average growth rate from 2003 to 2007.
    Especially in 2009, the global financial crisis caused the demand for metal cables to fall by 7.
    6%
    that year.

    China is the world's largest single demand market
    .
    In 2017, China's wire and cable consumption accounted for 34% of the global total (calculated by the conductor weight of metal cables), North America accounted for 12%, Western Europe accounted for 12%, Eastern Europe accounted for 5%, India accounted for 7%, and ASEAN accounted for 5%.

    From the perspective of manufacturers, the world's largest cable manufacturers are still concentrated in developed countries
    .
    According to the output value statistics of insulated cable companies in 2017, cable manufacturers with more than 3 billion US dollars include Prysmian (8 billion US dollars), Nexans (6 billion US dollars), the southern line of the United States (5.
    2 billion US dollars), General Cable (3.
    9 billion US dollars), Sumitomo Electric (3.
    7 billion US dollars), and CommScope Cable (3.
    5 billion US dollars).

    It is estimated that in 2018, the global consumption of metal cables will reach 18.
    9 million tons.

    Among them, China is expected to grow by 3.
    5% to 6.
    5 million tons, India will continue to maintain a growth rate of about 7% to 1.
    2 million tons, the Gulf Cooperation Council and Turkey account for about 1.
    2 million tons, ASEAN accounts for about 900,000 tons, Africa accounts for about 700,000 tons, and South America accounts for about 600,000 tons
    .
    It can be seen that in 2018, India, the Middle East, South America and other emerging markets wire and cable growth is the strongest
    .
    It is estimated that China, India and Northeast Asia account for nearly 50%
    of the global wire and cable consumption.

    Hadrien Guillotin believes that in 2018, the output value of the global wire and cable market will continue to grow
    .
    With the advancement of the Made in China 2025 plan, China is moving towards
    higher value markets.
    It is expected that China's cable industry will maintain a steady growth rate of about 3%, although it is lower than the previous growth rate of 5
    %.
    However, with the emergence of trade frictions, US tariffs on China are generally focused on products that benefit from the "Made in China 2025" strategic plan
    .
    Therefore, the uncertainty of the trade war on continued development remains
    .

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