U.S. Wire & Cable Industry Sees Resilience in 2024 with $X Production
In 2024, the U.S. wire and cable industry witnessed significant developments. Production reached $X, following a notable increase in 2021. Meanwhile, imports rose to $X, with Mexico being the largest supplier.
Over the past decade, the U.S. wire and cable market grew at an average annual rate of X%. In 2024, the market size was $X, with a year-on-year growth rate of X%. Consumption peaked in 2024 and is expected to maintain growth in the near term.
In terms of trade, the U.S. imported X tons of wire and cable in 2024, a decrease of X% from the previous year. Mexico, China, and South Korea were the main suppliers. Meanwhile, exports decreased by X% to X tons, with Mexico, Canada, and China being the largest destinations. The average import price was $X per ton, with Mexico having the highest and Cambodia the lowest. For exports, the average price was $X per ton, with Germany having the highest and Canada the lowest.
In 2024, the U.S. wire and cable industry demonstrated resilience with increased production and market size. However, imports and exports decreased, indicating potential challenges in the global stock market today. Despite this, the industry is expected to retain growth in the immediate term.
Read also:
- U.S. Recreational Vehicles Renowned for Employing Timber from Deforested Orangutan Habitats: Investigative Report
- Foreign company Hyundai allegedly withheld training opportunities for American workers following a plant raid, with former President Trump criticizing the move.
- Collaborative Efforts of Renault, Nissan, and Mitsubishi Alliance Advance as They Executed Joint Projects at Ampere Douai Plant
- Cleveland's ambitions to combat climate change might face a challenge from a steel plant that burns coal.
