Buy and Price of World Largest Wire And Cable
The largest manufacturers and companies are the main players in the global market
In 2021, the export sales of insulated wire and cable around the world were estimated at around 151
8 billion US dollars
The total value of insulated wire and cable exports across all exporting countries has grown by an average of 26
7% since 2017 shipments of insulated wire and cable were $119
8 billion
Compared to USD 119
05 billion in 2020, world exports of insulated wires and cables increased by 27
5% year on year
The five largest exporters of insulated wires and cables are China, Mexico, the USA, Germany, and Vietnam
In 2021, these large supplier groups will together account for 46
4% of the total global export sales of insulated wires and cables
Among continents, Asian countries accounted for 40
3% of global exports
In second place is Europe with 36
7%, ahead of North America with 16
4%
Smaller percentages came from Africa (4
4%), Latin America (1
9%), excluding Mexico but including the Caribbean, and then Australia leading Oceania (0
1%)
For research purposes, the 4-digit Harmonized Tariff System code for insulated wire and cable is prefixed with 8544
Export of insulated wires and cables distributed by land Below are the 15 countries exporting the highest value of insulated wires and cables in 2021
China: $29
5 billion (19
4% of insulated wire or cable exports)
Mexico: $14
1 billion (9
3%)
US: $10 billion (6
6%)
Germany: $9
8 billion (6
5%)
Vietnam: $6
9 billion (4
6%)
Italy: $4
6 billion (3%)
Romania: $4
2 billion (2
8%)
Czech Republic: $3
95 billion (2
6%)
Poland: $3
8 billion (2
5%)
Hong Kong: $3
6 billion (2
4%)
Morocco: $3
34 billion (2
2%)
South Korea: $3
31 billion (2
2%)
Turkey: $3
2 billion (2
1%)
France: $2
8 billion (1
9%)
Philippines: $2
7 billion (1
8%)
In value terms, the 15 countries listed in 2021 exported insulated wires and cables, accounting for more than two-thirds (69
8%) of global exports
Among the largest exporting countries, the fastest growing exports of insulated wires and cables since 2021 are Italy (up 53
9%), Turkey (up 44%), Vietnam (up 39%), and France (up 33
7%)
The countries with the smallest increase in international sales of insulated wires and cables were Morocco (up 9
9%) and South Korea (up 13
7%)
The following countries reported the highest positive net exports of insulated wires and cables for 2021
Therefore, the statistics below show the surplus between the value of each country’s exports of insulated wires and cables and the value of its imports to purchase the same goods
China: $23 billion (34
4% increase in net export surplus since 2020)
Mexico: $7
5 billion (up 22
7%)
Vietnam: $4
3 billion (+49
3%)
Morocco: $2
2 billion (+4
8%)
Turkey: $2
1 billion (up 65%)
Romania: $2
1 billion (up 8
6%)
Italy: $2 billion (84% increase)
Tunisia: $1
7 billion (up 30
2%)
Philippines: $1
28 billion (up 18
6%)
Serbia: $1
25 billion (up 26%)
Poland: $1
21 billion (up 15
4%)
Ukraine: $1 billion (+19
8%)
Honduras: $717
9 million (up 53
1 percent)
Indonesia: $613
1 million (up 30
5%)
Egypt: $533
3 million (up 117
2%)
The People’s Republic of China has the highest profit in international trade in insulated wires and cables
This positive cash flow, in turn, confirms China’s strong competitive advantage in this particular product category
Largest Wire Company in the world
All around the world, the effect of the largest cable and wire manufacturers can be seen in the export statistics, the larger the company is the bigger the effect will be
The following countries will report the highest negative net exports of insulated wires and cables in 2021
Therefore, the statistics below show the deficit between the value of each country’s imports of insulated wires and cables and the value of its exports of the same item
US: -$14
9 billion (33
8% increase in net export deficit since 2020)
Japan: -6
2 billion USD (up 18
4%)
UK: -$3
3 billion (up 50
3%)
Germany: -$3
1 billion (up 32
1%)
Canada: -$2
7 billion (up 21
9%)
France: -$2
1 billion (up 14
3%)
Australia: -$1
4 billion (up 39%)
Austria: -$946
3 million (up 53
1%)
United Arab Emirates: -$794
8 million (up 60
7%)
Russia: -$765
1 million (+5
9%)
Belgium: -$693 million (up 36
4%)
Brazil: -$692
7 million (up 18
2%)
Singapore: -US$685
9 million (up 50
9%)
Netherlands: -$601
8 million (down -0
3%)
Iraq: -$536
3 million (down -3
6%)
The US is the country with the highest international trade deficit in insulated wires and cables
This negative cash flow again highlights the US competitive disadvantage in this particular product category but also presents an opportunity for insulated wire and cable suppliers to help meet strong demand
International producer of wires and cables The following are companies that represent established players in the international trade in insulated wires and cables
Each company’s home country is shown in parentheses
4 cables (Australia)
Clearfield, Inc (USA)
Wire & Cable Industries Ltd (India)
Finolex cable (India)
Furukawa Electric (Japan)
Universal Cable (USA)
Havels (India)
Hengtong (China)
Leoni AG (Germany)
LS cable and system (South Korea)
Middle East Special Cable Company (Jordan)
Nexans SA (France)
Prysmian Group (Italy)
Sumitomo Electric Industries (Japan)
Senior Essex (USA)
Torrent Cable (India)
Focusing on the top 100 exporting countries, the fastest growing suppliers of insulated wires and cables are Albania (up 2,412% from 2020), Tanzania (up 208%), Guatemala (up 196
7%), Malta (up 183
4%), and then It was Zambia (up 136
2%)
You can change the order of presentation by clicking the triangle icon at the top of each column in the table above
A 0% in the far right column means that no data for 2020 is available
Largest Cable Company in the world
As was mentioned, each company in the wire industry has a footprint in the market and world
The largest manufacturers will of course have a larger effect
Wire and cable production is one of the most economical industries known to the world today, and companies active in this industry have grown significantly both in terms of sales and structure
Jingnan Group is one of the largest manufacturers of cables and wires for power transmission and distribution systems and electrical equipment in China
The group has more than 10,000 products in four categories: power cables, wires and cables for electrical equipment, and wires and cables
Special cables are available
Jingnan Group has a strong research system in cooperation with the Chinese Academy of Sciences and the University of Science and Technology of China and has participated in the formulation and supervision of 53 national industry standards for wire production processes in China, as well as cables and electrical equipment, which is one of these standards, with voltages from 0
6 to 1 kV
The rubber-insulated cable standard applies to flexible and torsion-resistant cables
This is the first wind power cable standard in China, and the group has registered 394 patents
POLYCAB Group is one of the wire and cable manufacturers, which mainly produces power cables, control cables, instrumentation cables, solar cables, rubber cables, special cables, and railway signal cables and can provide green design
In 2014, depending on the FMEG business unit, FMEG is a fan of LED lights and switch panels, solar products, and electrical product accessories
Solar cables are used to connect different solar modules in a channel and these cables must be resistant to atmospheric conditions and flames and fires in order to function in these conditions
Far East Cable Co
, Ltd
is one of the largest wire and cable manufacturers in China
It has won the “National Quality Award”
The company focuses on the research and development system, design, and manufacture of power cables and cables for electrical equipment
The company has cooperated many times with the Shanghai Electric Cable Research Institute and several universities on the development of the company
Walsin Lihwa is one of the largest wire and cable manufacturers in China and has successfully entered the new technology industry and become an international company
Based on the annual output of power cables, the company has been able to occupy a market leading position in China, and the company is a leading manufacturer of stainless steel products with global sales channels
As of 2013, Furukawa Electric has 137 subsidiaries and affiliates in Japan, Europe, North and South America, and the company’s products include cables for automotive systems and the production of automotive electrical components, power cables, and semiconductor ribbons
Manufacture of light metal and
Cable General is a Highland Heights-based wire and cable manufacturing company with multiple sales offices and manufacturing capabilities in multiple countries
The company was founded in New Jersey in 1927 and was formed by the merger of several older companies established in the 19th century
The company operates in a number of sectors, including the production of copper and aluminum wires and fiber optic cables, as well as the production of wires and cables for energy, construction, industrial, and communications applications
LS Cable & Systems’ products include cables and telecommunications systems and power cables, as well as their associated integrated modules and other industrial materials, in addition to engineering services (installation and commissioning of high voltage workstations and in the implementation of submarine cable laying works
LS Company was established in 1962 as a cable manufacturer, known as GOLD STAR CABLE in 1996 and independently named in 2003
Sumitomo Corporation is a manufacturer of electrical wires and optical cables headquartered in the Choke District of Osaka, Japan
Sumitomo’s business includes five business areas: automotive, information and communication, electronics, environment and energy, and industrial materials
The company has more than 350 companies in more than 30 countries and employs more than 200,000 people
Sumitomo Corporation is the world’s largest owner of the information and energy transmission market in vehicles and a leading manufacturer of compound semiconductors (GaAs, GaN, Inp), which are widely used in combination with semiconductor lasers, LEDs, and telecommunications
Nexans is one of the world’s largest companies in the wire and cable industry, including France-based optical fiber
Nexans or Nexans Company began operations in Lyon, France in 1897
The company is the second largest producer of wires and cables in the world
The group is divided into four main areas: buildings (buildings, local infrastructure, e-transport, etc
), high voltage cables and projects (offshore wind farms, underground connections), telecommunications data, and renewable energy
The Prysmian Group is an Italian multinational company based in Milan that manufactures power lines, cables, and cables for telecommunications systems and is the world’s largest cable manufacturer by revenue
Draka was founded by Jan Teewis Duyvis in 2010 and the name Draka was born when Draka was acquired by Philips in 1970 as part of Philips Wire & Cable and became independent in 1986
In 2011, Prysmian was formed by two companies, Prysmian and Draka
In 2009, Prysmian, a wire and cable maker, made an offer to buy Draka but canceled the offer in early September, and in October 2010, French cable TV maker Nexans offered to buy Flint Beehill 43
9% of the shares in an investment fund owned by wealthy families
Nexans said it would sell Draka’s telecommunications business, but Draka rejected the offer and accepted a new offer from Prysmian on 22 November 2010
Prysmian plans to combine Draka’s operations with its own until it collapses, at an estimated cost of €170 million over three years
The merger of the two major cable companies will create the world’s largest wire and cable producer measured by revenue
