Facts About the Growth of the Chinese Enameled Wire Industry

The country's exports of enameled wire are growing at a fast pace, reaching a record-high of 1.6 million tons a year by the end of 2015. Its growth is based on the "Twelfth Five-Year" development goals for the cable industry. During the next five years, China's output of this product will grow between 4.55% and 5.8 percent, while its consumption of copper will reach 550 tons.

Since the 1980s, China has progressively developed its own production of enameled wire. The country's output of enameled wire in the past two decades has composite enameled aluminum round wire  been growing at a rate of 10% a year. With its rapid growth of the electric appliance industry, China is becoming a global manufacturing and processing base and has surpassed the United States in this capacity. It also has the largest market in the world, with about 30 percent of its output.

The manufacturing of enameled wire in China has increased over the years. It is still the largest producer of this type of wire in the world. The country's production of enameled wire is only 4.5 percent of the global market, but the growth rate will continue to increase as the country's economy becomes more dependent on imported products. It is important to keep in mind that the exports of this type of wire will outpace its domestic production.

In addition to producing enameled wire, the country's exports of copper and aluminum are the highest in the world. The Chinese market for this type of wire is also the largest. The country's exports of this product will surpass those of the US. But China's growth rate is limited by its low production capacity, compared to the rest of the world. Hence, it is necessary to make sure that the Chinese market is competitive and exports high-quality products.

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