Hong Kong SAR, China - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kongs See Significant Boost in Wire and Cable Export, Reaching $216M in November 2023
Hong Kong Wire And Cable Exports
In November 2023, after two months of growth, there was decline in shipments abroad of insulated wire and cable, when their volume decreased by -4.1% to 5.3K tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 32% month-to-month.
In value terms, wire and cable exports expanded sharply to $216M (IndexBox estimates) in November 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 41% against the previous month. As a result, the exports reached the peak of $226M. From April 2023 to November 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Wire And Cable in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 79.4 | 73.8 | 49.3 | 60.0 | 84.1 | 73.6 | 60.1 | 60.6 | 63.6 | 73.7 | 71.7 | 66.6 | 69.6 |
| United States | 33.4 | 32.5 | 36.2 | 25.3 | 36.1 | 36.2 | 32.3 | 32.0 | 43.1 | 44.1 | 39.5 | 43.7 | 45.0 |
| Japan | 14.3 | 13.8 | 14.0 | 9.8 | 16.2 | 16.0 | 13.0 | 16.7 | 14.3 | 13.5 | 14.3 | 10.7 | 13.8 |
| Taiwan (Chinese) | 14.7 | 10.5 | 14.7 | 7.0 | 10.8 | 7.8 | 7.6 | 9.5 | 9.1 | 8.4 | 7.3 | 8.9 | 8.5 |
| Vietnam | 9.8 | 10.9 | 8.8 | 8.0 | 9.5 | 9.0 | 8.1 | 6.9 | 9.6 | 7.9 | 6.9 | 8.6 | 8.1 |
| Thailand | 6.4 | 4.8 | 7.9 | 5.7 | 7.7 | 8.3 | 6.5 | 6.3 | 8.8 | 7.6 | 7.5 | 8.6 | 7.6 |
| Mexico | 3.6 | 4.7 | 4.2 | 3.4 | 5.3 | 5.9 | 4.1 | 4.3 | 5.5 | 5.7 | 6.0 | 4.9 | 5.2 |
| Others | 54.9 | 53.6 | 56.7 | 41.7 | 56.7 | 52.7 | 52.3 | 53.2 | 58.5 | 53.7 | 59.8 | 53.5 | 58.2 |
| Total | 216 | 205 | 192 | 161 | 226 | 209 | 184 | 190 | 213 | 215 | 213 | 206 | 216 |
Exports by Country
China (1.4K tons), the United States (795 tons) and Japan (340 tons) were the main destinations of wire and cable exports from Hong Kong, together accounting for 49% of total exports. Vietnam, Taiwan (Chinese), Thailand and Mexico lagged somewhat behind, together accounting for a further 16%.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +3.1%), while the other leaders experienced more modest paces of growth.
In value terms, China ($70M), the United States ($45M) and Japan ($14M) appeared to be the largest markets for wire and cable exported from Hong Kong worldwide, with a combined 59% share of total exports. These countries were followed by Taiwan (Chinese), Vietnam, Thailand and Mexico, which together accounted for a further 14%.
Mexico, with a CAGR of +3.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Insulated electric conductors for a voltage under 1000 v, fitted with connectors (3.3K tons) was the largest type of wire and cable exported from Hong Kong, with a 62% share of total exports. Moreover, insulated electric conductors for a voltage under 1000 v, fitted with connectors exceeded the volume of the second product type, insulated electric conductors for a voltage under 80 v, not fitted with connectors (979 tons), threefold. The third position in this ranking was held by insulated coaxial cables (469 tons), with an 8.9% share.
From November 2022 to November 2023, the average monthly growth rate of the volume of export of insulated electric conductors for a voltage under 1000 v, fitted with connectors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage under 80 v, not fitted with connectors (-0.1% per month) and insulated coaxial cables (+4.6% per month).
In value terms, insulated electric conductors for a voltage under 1000 v, fitted with connectors ($155M) remains the largest type of wire and cable exported from Hong Kong, comprising 72% of total exports. The second position in the ranking was taken by insulated electric conductors for a voltage under 80 v, not fitted with connectors ($32M), with a 15% share of total exports. It was followed by insulated coaxial cables, with a 7.3% share.
From November 2022 to November 2023, the average monthly growth rate of the export volume of insulated electric conductors for a voltage under 1000 v, fitted with connectors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage under 80 v, not fitted with connectors (+0.8% per month) and insulated coaxial cables (+5.4% per month).
Export Prices by Country
In November 2023, the wire and cable price stood at $41,011 per ton (FOB, Hong Kong), growing by 9.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 10% against the previous month. The export price peaked at $41,430 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($56,530 per ton), while the average price for exports to Macao ($9,535 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the wire and cable market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
