Pre-increase demand for insulated cables worldwide in 2015

According to a report released by the UK's CRU, the latest wire and cable research report, demand for insulated cables in the world is expected to increase by 3.8% in 2015 despite falling copper prices.

In the first half of 2014, the global market demand for metal-insulated cables increased by 3.9% year-on-year, but in the second half of 2014, demand declined significantly, with a growth rate of only 2.7%, which directly led to the annual growth rate of demand for 2014 falling to 3.3%. Expected to be 3.6% at the beginning of 2014.

For the worst performing South American market in 2014, CRU pointed out in the report that demand for metal-insulated cables in the South American market was down 4% year-on-year mainly due to the weak economy of Brazil, the largest economy, and the decline in copper prices in Chile and Peru, the largest producers of copper, and the Venezuelan market. The drastic decline affects. It is expected that in 2015, this market demand will show a rebound trend, but from a global perspective, it is still a weak demand area.

According to Daniels, chief consultant of CRU Wire & Cable, “We anticipate that 2015 will show exactly the opposite of the development trend in 2014, which means that demand growth in the second half of 2015 will be significantly higher than in the first half of the year. However, in terms of overall market revenue, Due to the slowdown in demand for fiber optic cable, copper prices are expected to decline by 10% this year on average compared to 2014, and the global insulation cable market revenue continues to fall.

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