全球电线电缆行业发展概况

As a fundamental industry in the industrial sector, the scale of the wire and cable industry has steadily grown with the development of globalization, industrialization, and urbanization. The wire and cable industry in foreign countries has gradually matured after years of development, with the overall growth rate remaining stable.

From the perspective of consumption, according to data from CRU (Commodity Research Unit, a British research institution), global consumption of metal-insulated wire and cable (conductor weight) increased from 16.3 million tons in 2013 to 19 million tons in 2019, with a compound annual growth rate of 2.59%. In 2020, the global consumption growth rate of insulated wire and cable declined to some extent. However, in the medium to long term, the sustained development of emerging markets, construction, infrastructure, utilities, and industry will provide upward momentum for the demand for wire and cable. Overall, the consumption of wire and cable is expected to maintain a healthy growth trend in the coming years. CRU predicts that total cable demand will grow again at a rate higher than the historical average in 2022.

The traditional manufacturing countries and regions for wire and cable globally are mainly concentrated in Europe (Germany, France, Italy, Spain, etc.), North America (the United States), and Northeast Asia (Japan, South Korea). In recent years, emerging countries in Asia have experienced rapid economic growth, shifting the production focus of wire and cable towards Asia and driving the rapid development of the wire and cable industry in China, Vietnam, the Philippines, and Egypt in the Middle East. The share of the Asia-Pacific market has gradually expanded, accounting for about 49% of global consumption in 2020.