2022 comes now and lots of annual summarize about 2021 done in various industries including copper stranded wire and cable. This News sourced from reliable media and arranged by TOP3 copper stranded wire and cable manufacturer and supplier in China JZD Cable.

The British commodity research organization CRU reported that in 2021, the global consumption of PVC insulated copper stranded wires and cables have increased by more than 5% year-on-year, even though the agency has recently lowered its annual demand forecast.

CRU said that the downward revision of the full-year demand forecast of PVC insulated copper stranded wires and cables is mainly due to weaker demand in China, one of the largest consumer markets. At the same time, due to the long-term shortage of semiconductors, global multi colored automotive cables and wires demand has also shown a weakening trend in the second half of this year.

For 2022, CRU predicts that total cable and wire demand including PVC insulated copper stranded wires and multi colored automotive cables will once again grow at a healthy rate higher than the historical average, because many countries and regions still have room to make up for losses during the pandemic.

Regarding the mid-term forecast for the next five years, CRU believes that, in addition to the demand-driven Chinese and North American markets, the development of emerging markets and green energy will become more and more important driving forces for the growth of cable and wire purchase demand from 2022 to 2026, apart from the traditional PVC insulated copper stranded wires and multi colored automotive cables, the demand of solar cable will have a increase largely. For many stranded copper cable and wire manufacturer, definitely that's a excellent and excited news including lots of manufacturer with excellent producing ability in China, for example JZD Cable, which has been focus on manufacturing the PVC insulated copper stranded wires and multi colored automotive cables, besides the TUV certified solar cable also belong to the highly competitive product in global.

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