2020 China's wire and cable market status and development trend forecast analysi

As an important basic supporting industry, wires and cables are used in various fields of the national economy. In recent years, benefiting from the steady and rapid growth of the domestic economy, my country's wire and cable industry has maintained a good momentum of development, and the overall output value of the industry has steadily increased year by year.

With the continuous growth of the global market, industry-leading companies have gradually begun to pay attention to the development of foreign markets. With excellent product quality and cost-effective advantages, the export volume of the wire and cable industry has increased from 1.43 million tons in 2009 to 2.42 million tons in 2018. Affected by the new crown pneumonia epidemic, the export volume of wire and cable has decreased slightly. From January to May 2020, my country's export volume of wire and cable was 750,00 tons, a year-on-year decrease of 13.3%.

Development trend of wire and cable industry

1. ​​Intensified industry integration and large-scale development trends are obvious, and industry concentration will further increas

Wire and cable manufacturers have obvious economies of scale. Larger companies in the industry have the advantages of lower long-term average costs, stronger bargaining power with suppliers, and complete product specifications. Due to the natural scale effect of wire and cable, my country's industry concentration will gradually increase to move closer to Japan, the United States and other countries, which is beneficial to larger wire and cable companies.

2. Application development in emerging fields promotes product structure adjustment and optimization, and special cables become a new growth point for performance

Compared with ordinary cables, special cables have the characteristics of high technical content, stricter use conditions, high added value, etc., and have superior specific performance. At present, industries such as shipbuilding, rail transit, clean energy, aerospace, petrochemical and new energy vehicles all need a large number of special cables.

3. my country's economic development promotes wire and cable enterprises to develop in the direction of quality

With the rapid development of the national economy and the upgrading of user demand for high-quality products, especially after the "Xi'an Metro Okay Cable Incident", the General Administration of Quality Supervision, Inspection and Quarantine issued the General Office of the General Administration of Quality Supervision, Inspection and Quarantine on Strengthening Local Supervision of Wire and Cable Product Quality" The Notice of Spot Checks requires all regions to fully implement the requirements of the State Council to carry out special rectification of wire and cable products nationwide

4. The transformation of downstream industry structure promotes the development of wire and cable enterprises in the direction of integration

With the adjustment of industrial structure and downstream market demand, customers tend to conduct one-stop purchases from integrated wire and cable companies that can provide full-category and full-specification cables to reduce costs and improve efficiency. In order to meet their own special needs, some customers seek wire and cable companies with strong product development and design capabilities and flexible production lines to produce customized products for them.

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