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.
World Largest Wire And Cable
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.
World Largest Wire And Cable uses
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.
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
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.
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.
