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Development Prospect of Wire and Cable

WireCableIs to achieve electromagnetic energy conversion and constitute the basic products of automatic control lines, in 2018 China's wire and cable industry industrial sales output value close to 1700 billion yuan, more than 5000 enterprises, sales output value and growth rate of 10.48, the following is the wire and cable industry development prospects analysis.
The wire and cable industry is an important basic industry of the national economy. It is widely used in various departments of the national economy to provide important supporting facilities for various industries, national defense construction and major construction projects. According to the analysis of the wire and cable industry, wire and cable are the normal operation of the modern economy and society. The basic guarantee is also an indispensable product in the daily life of the people.
WireCableIn recent years, with the rapid growth of China's economy and the acceleration of industrialization and urbanization, China's wire and cable industry has developed rapidly. As early as 2011, the output value of China's wire and cable manufacturing industry has surpassed that of the United States, ranking first in the world, and the product variety satisfaction rate in the domestic market is more than 95%. However, extensive production is still the mainstream of China's wire and cable industry at this stage, and there are still more prominent structural imbalances, that is, the supply of ordinary wire and cable products exceeds demand, while the supply of high-end products exceeds demand.
By the end of 2018, the industrial sales output value of China's wire and cable industry was close to 1700 billion yuan, and the industrial added value was 135.2 billion yuan, nearly double that of 2017, showing a strong growth momentum. China's wire and cable industry has overcapacity and low profit margin, but there are also cable enterprises with gross profit of 25% or more. During the 13th five-year Plan period, with the release of the effect of national investment, social demand for wires and cables has increased, industry production and sales rate gradually increased to more than 97 percent, January-December 2018 China's wire and cable exports of 2.41 million tons, an increase of 7.59; exports of $20.8 billion billion, an increase of 5.78 percent.
As of the end of December 2018, our wireCableThere are more than 5000 enterprises, mainly small and medium-sized enterprises, accounting for more than 90%. The top ten enterprises in China only account for 7% to 10% of the domestic market share. China's wire and cable enterprises are mainly distributed in Jiangsu, Anhui, Guangdong, Hebei and Zhejiang, accounting for half of the total number of wires and cables in the country. Wire and cable products have less technical content, relatively low entry threshold and fierce market competition, state-owned enterprises are gradually withdrawing, and foreign-funded enterprises and private enterprises have become the most important force in the wire and cable industry.
According to the analysis of the development prospect of the wire and cable industry, although China's wire and cable industry has made great progress, with the sales output value approaching 1700 billion yuan in 2018, the industry is still on the road of extensive development, especially in the fields of brand management and new technology research and development and application. Moreover, the problem of "big but not strong" in the domestic wire and cable industry is prominent, and the market concentration is extremely low, although China's per capita GDP level is far lower than that of developed countries.CableThe consumption level is far lower than that of the moderately developed countries in Europe, and even lower than that of developing countries such as Latin America. The market potential of China's wire and cable consumption still has great development space.

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