Analysis of Development and Trend of China's Wire and Cable Industry in 2018
Wire and cable is a "wire product used for the transmission of electrical (magnetic) energy, information, and electromagnetic energy conversion." It is an indispensable device for the transmission of electrical energy, transmission of information, and the manufacture of various motors, appliances, and meters. The "blood vessels" and "nerves" of the economy. It is widely used in industries such as energy, transportation, communications, automobiles, and petrochemicals. Its development is influenced by international and domestic macroeconomic conditions, national economic policies, industrial policies, and the development of various related industries, and is closely related to the development of the national economy.
In recent years, the global demand for metal-insulated cables has increased. In 2008, the global demand for metal-insulated cables reached 14.7 million tons. In 2009, the financial crisis affected a year-on-year decrease of 7.7%. In 2010, the market demand recovered to the level before the financial crisis. In 2015, metal insulated wire and cable reached 17.14 million tons, which is the same Increased by 1.8%.
In recent years, China's wire and cable industry has maintained a rapid development momentum and continues to occupy an important position in the national economy. In 2014, the output value of the wire and cable industry reached 1,251.19 billion yuan, accounting for 1.95% of the GDP. As an important basic supporting industry, along with the continuous pull of downstream market demand, the market size of China's wire and cable industry has increased year by year. From 2008 to 2014, the market size of the wire and cable industry increased from RMB 635.859 billion to RMB 1,214.804 billion, with an average annual compound growth rate of 11.80%;
In recent years, the global demand for metal cables has shown an overall growth trend. In the future, with the continuous development of the global economy, especially the rapid economic development of developing countries, the demand for metal cables will continue to grow. According to forecasts, the growth rate will remain at around 4%-4.5% in 2016-2018. Even with a conservative estimate of 4%, the global metal cable demand in 2018 will reach 16.81 million tons.
After China's wire and cable industry has exerienced a long-term rapid development, with the continuous growth of the market size base, the future industry growth rate will decline, but will continue to maintain a relatively rapid growth. According to forecasts, by 2020, China's wire and cable capacity is expected to exceed 110 million kilometers, and the output value will exceed 1.6 trillion yuan.