CRU: Global cable market consumption growth slows
- September 29, 2013
- Industry News
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Cable Network News “Global cable market consumption growth slowed again.” On September 24, British Commodity Research Institute (CRU) copper analyst Li Chunlan said at the 2013 wire and cable annual meeting.
Li Chunlan said that the global metal insulated cable market consumption was very optimistic in 2004-2007, with an increase of over 5%; in 2008, it reached an all-time high of 14.7 million tons; in 2009, it was affected by the financial crisis by about 7.7%; in 2010, the market The recovery began to be close to the pre-crisis level; in 2011, the growth rate began to slow down, and the growth rate in 2012 fell to 2.7%.
According to Li Chunlan, in 2012, energy (electrical equipment) cables accounted for about 73% of the annual cable market, communication cables accounted for 7.9%, and winding wires accounted for 19%. In 2012, consumption fell to 2.7%, while the average consumption in the past 10 years was 3.6%. In the same period, the average GDP growth rate in the past 10 years was 2.6%, and the global industrial output average growth rate was 3.0%, which means that wire and cable consumption The average growth rate almost exceeds these macroeconomic indicators.
Li Chunlan stressed that the proportion of power consumption in the entire energy consumption is increasing. As the demand of developing countries, especially China, increases sharply, we believe that the growth rate of metal insulated cables will be in the macroeconomic indicators in the next few years.
With the theme of “innovation, transformation and upgrading”, the conference brought together more than 300 elites in the national wire and cable industry to discuss how to transform and upgrade the next stage of China’s wire and cable industry, how to move from wire and cable power to wire and cable power.
Note: CRU is the world’s leading independent business analysis and consulting group covering the mining industry, metals and related power, cable, fertilizer and related chemical industries. It is a leading authority in the field of steel and non-ferrous metals such as copper, aluminum, lead and tin, offering a wide range of consulting services.
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