The future prospects of China wire and cable industry

Source: Shanghai Shenghua Cable Date: 2020-10-12 68 Belonging to: Industry News

1. The global cable market is mature and the Chinese market has great potential for development

In terms of market supply and demand, the global wire and cable market has matured and its growth rate has been slow. International and domestic tracking and analysis of the development of the wire and cable industry show that as long as a country or region’s economy is growing, especially in the process of industrialization and socialization, the growth of the country’s wire and cable output value will be at the rate of GDP growth. on. China's per capita GDP is much lower than that of developed countries, and per capita cable consumption is much lower than that of European medium-developed countries, and even lower than developing countries such as Latin America. The market potential of China's wire and cable consumption still has a lot of room for development.

2. Cable world pattern
Internationally, Europe has kept leading the way among global cable and wire manufacturers. This is mainly due to the large investment in production and research and development of French wire and cable giants; on the other hand, 70% of the production cost of wire and cable depends on raw materials and Technology, labor costs are less than 10%, so the advantages of labor costs in Asia cannot be fully expressed in the competitive landscape of the global wire and cable industry.

3. Global cable development direction-more environmentally friendly
Environmental protection is the last thing that our industrial development has to face. Development cannot be unlimited, and the same is true for the wire and cable industry. Therefore, the theme of environmental protection has increasingly become the main theme of global cable manufacturers’ research and development, and it is also common to cable manufacturers. In response to external pressure, the United States, Japan, and Europe are leading the world in the development and manufacturing of environmentally friendly cables, and their production skills are relatively mature.

4.Actively respond to the direction of market development
Restrict the use of harmful substances such as lead, mercury, cadmium, hexavalent chromium, polybrominated diphenyl ethers and polybrominated biphenyls in newly launched electronic and electrical equipment; in Japan, after Fujikura Cable Co., Ltd. successfully developed environmentally friendly cables, only Actively promote and jointly develop the theme of environmentally friendly wires and cables, and there will be more markets. What we need to do is that the wires and cables used in all kinds of electrical appliances must pass the corresponding environmental certification.