Hong Kong SAR, China - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingWire and Cable Price in Hong Kong SAR - 2023
Contents:
- Wire and Cable Price in Hong Kong SAR (FOB) - 2023
- Wire and Cable Price in Hong Kong SAR (CIF) - 2023
- Wire and Cable Exports in Hong Kong SAR
- Wire and Cable Imports in Hong Kong SAR
Wire and Cable Price in Hong Kong SAR (FOB) - 2023
The average wire and cable export price stood at $37,171 per ton in June 2023, rising by 4.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 8.4% m-o-m. As a result, the export price attained the peak level of $42,332 per ton. From October 2022 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($47,918 per ton), while the average price for exports to Macao SAR ($8,786 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Wire and Cable Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average wire and cable import price amounted to $17,132 per ton, declining by -3.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 15% m-o-m. Over the period under review, average import prices reached the maximum at $21,557 per ton in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($18,941 per ton), while the price for the United Arab Emirates ($8,606 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Wire and Cable Exports in Hong Kong SAR
In 2022, wire and cable exports from Hong Kong SAR fell dramatically to 82K tons, waning by -34.4% compared with the year before. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of 125K tons, and then dropped notably in the following year.
In value terms, wire and cable exports dropped rapidly to $2.8B in 2022. Over the period under review, exports recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of $3.3B, and then contracted dramatically in the following year.
| Export of Wire and Cable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,424 | 1,190 | 1,313 | 1,066 | -9.2% |
| United States | 547 | 461 | 575 | 440 | -7.0% |
| Japan | 243 | 197 | 211 | 172 | -10.9% |
| Taiwan (Chinese) | 51.5 | 61.6 | 113 | 122 | 33.3% |
| Vietnam | 56.3 | 73.4 | 88.2 | 113 | 26.1% |
| Thailand | 81.9 | 82.8 | 92.4 | 82.5 | 0.2% |
| Germany | 92.0 | 93.8 | 99.6 | 67.7 | -9.7% |
| India | 32.6 | 30.3 | 41.5 | 52.4 | 17.1% |
| Malaysia | 45.0 | 42.3 | 57.4 | 50.3 | 3.8% |
| Netherlands | 44.1 | 45.0 | 62.2 | 48.9 | 3.5% |
| Philippines | 73.0 | 45.9 | 68.3 | 42.3 | -16.6% |
| United Kingdom | 53.0 | 44.0 | 45.7 | 36.7 | -11.5% |
| Macao SAR | 21.6 | 22.5 | 20.5 | 11.3 | -19.4% |
| Others | 385 | 371 | 547 | 458 | 6.0% |
| Total | 3,151 | 2,761 | 3,334 | 2,761 | -4.3% |
Top Export Markets for Wire and Cable from Hong Kong SAR in 2022:
- China (27.6K tons)
- United States (9.2K tons)
- Thailand (5.1K tons)
- Philippines (4.7K tons)
- Japan (4.5K tons)
- Taiwan (Chinese) (4.2K tons)
- Vietnam (4.0K tons)
- Germany (1.8K tons)
- Malaysia (1.6K tons)
- Netherlands (1.5K tons)
- United Kingdom (1.5K tons)
- Macao SAR (1.5K tons)
- India (1.4K tons)
Wire and Cable Imports in Hong Kong SAR
In 2022, wire and cable imports into Hong Kong SAR reduced sharply to 163K tons, which is down by -26.7% compared with the previous year. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 9% against the previous year.
In value terms, wire and cable imports shrank remarkably to $2.7B in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
| Import of Wire and Cable in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,699 | 2,211 | 2,505 | 1,999 | -9.5% |
| United States | 141 | 106 | 127 | 120 | -5.2% |
| Japan | 220 | 170 | 169 | 92.9 | -25.0% |
| Vietnam | 17.6 | 35.8 | 33.0 | 91.0 | 72.9% |
| United Arab Emirates | 44.8 | 30.6 | 66.1 | 79.7 | 21.2% |
| United Kingdom | 95.4 | 53.7 | 101 | 59.5 | -14.6% |
| Taiwan (Chinese) | 44.5 | 39.9 | 53.7 | 41.6 | -2.2% |
| Indonesia | 14.0 | 25.5 | 20.2 | 28.5 | 26.7% |
| Turkey | 19.3 | 20.0 | 18.7 | 23.6 | 6.9% |
| Others | 224 | 202 | 210 | 210 | -2.1% |
| Total | 3,520 | 2,895 | 3,304 | 2,746 | -7.9% |
Top Suppliers of Wire and Cable to Hong Kong SAR in 2022:
- China (117.6K tons)
- United Arab Emirates (10.6K tons)
- United Kingdom (6.2K tons)
- United States (4.0K tons)
- Japan (3.5K tons)
- Turkey (3.4K tons)
- Vietnam (3.1K tons)
- Indonesia (2.8K tons)
- Taiwan (Chinese) (2.2K tons)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
954
This report provides an in-depth analysis of the wire and cable market in Hong Kong SAR, China.
341
This report provides an in-depth analysis of the optical fiber cables market in Hong Kong SAR, China.
267
This report provides an in-depth analysis of the insulated coaxial cable market in Hong Kong SAR, China.
247
This report provides an in-depth analysis of the winding wire market in Hong Kong SAR, China.
269
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Hong Kong SAR, China.
340
This report provides an in-depth analysis of the market for optical fiber, bundle and cable in Hong Kong SAR, China.
170
This report provides an in-depth analysis of the market for insulated electric conductors for a voltage over 1000 v in Hong Kong SAR, China.
5682
This report provides an in-depth analysis of the global wire and cable market.
3609
This report provides an in-depth analysis of the global optical fiber cables market.
672
This report provides an in-depth analysis of the global insulated coaxial cable market.
60
The most notable growth rate was in March 2023, with wire and cable exports increasing by 32% month-to-month. The value of wire and cable exports reached $216M in November 2023.
102
Wire And Cable exports surged by 32% in March 2023, reaching a total value of $216M in November 2023.
303
In May 2023, the price of Wire And Cable was $35,421 per ton (FOB, Hong Kong), showing a decrease of -10.3% compared to the previous month.
251
The growth pace of Winding Wire was at its fastest in February 2023, experiencing a significant increase of 28% compared to the previous month. In terms of value, exports of winding wire slightly rose to $11M in June 2023.
435
Explore the top 10 countries dominating the wire and cable import market, including the United States, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
920
In 2019, the global wire and cable market increased by 0.5% to $239.6B, rising for the third year in a row after two...
12057
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
1989
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
325
Discover the top import markets for optical fiber cables worldwide, backed by key statistics. Learn about the booming demand for optical fiber cables and the countries driving this growth. Utilizing data from the IndexBox market intelligence platform.
926
As countries implement 5G networks, the increased demand is predicted to significantly drive the market for optical fiber to reach 1.5M tons by 2030. This new generation of mobile broadband will require building dense networks of base stations connected by optical fiber cables. In the near future, the U.S., China, Japan and the EU should become the most lucrative markets for sales and distribution of fiber optics.
