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In 2014 the global metal insulated cable market growth of 4%

Information Source:Henan Huadong Cable Co., Ltd  Release date:2014-06-19

According to the British goods Research Institute study found that, in 2013, the global metal insulated wire and cable market growth rate of 3% (per conductor weight), compared with 2012 rise slightly, but in the long term is still in a low growth period. At the same time, cable market has grown slightly high, reached 3.8%, but, in the past 8 years, cable market growth rate can reach two digit growth.

CRU points out that, as the global economy began to improve, is expected this year, the global metal insulated wire and cable market growth rate of close to 4%, is expected to maintain this level in 2018, even more than 4%.

Cable production continued to decline in southern Europe

CRU also pointed out that, since the financial crisis erupted in 2008, the southern cable market has experienced the most difficult stage, since then, the southern states of cable products and consumption are lower than before 2008. Although, is expected this year, or even the next few years, growth will increase, but by 2018, the southern cable market is unable to reach the pre recession levels. The only bright spot in 2013, southern Europe and cable market consumption growth of 50%, this is mainly FTTx network deployment popularity.

In 2013, metal cable market affected most of Greece and Spain, for example, the 2013 Spanish cable market consumption is the peak of the 40%.

Unlike the European situation is the six ASEAN countries, the largest market, including Indonesia, Malaysia, Thailand, Vietnam, Philippines and Singapore, although also suffered from the impact of the financial crisis, but the ASEAN market began to recover in the next two years, and then maintain stable growth. In the 6 countries, Indonesia is the fastest-growing countries, Malaysia is the largest production country. CRU is expected, the next few years, ASEAN cable market will still maintain a good momentum of development.

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