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India became the world's third largest cable demand for the country

1610 0 News

According to CRU recently released report shows that in 2015, regardless of weight or conductor core km length calculations, India is the third largest metal insulated cables and fiber-optic cable market demand world countries.

Report that in 2013, because of India's economic slowdown, demand for cable insulation declined slightly, but rebounded in 2014 to 2015, the Indian market for metal cable insulation increase, the growth rate becomes one of the fastest.

Although national consumption in India is only about 17% of China, India, however, the good momentum of economic stabilization and to ensure the future of this market demand growth for metals insulated cables and fiber optic cables. Polycab still become India's largest cable manufacturers, but its market share of just over 5%, which also reflects the Indian cable industry dispersion.

In addition, in 2015, the ASEAN region metal insulated cable market growth rate reached 5.2 percent, far higher than the global growth rate of 1.8%, fiber optic cable market growth rate of 9%, lower than the global growth rate of 16.4%. From the market value, the highest in ASEAN Thailand first, followed by Malaysia and Indonesia. From growth in the past several years, the fastest growth rate in Vietnam, ranking first ASEAN.

CRU also report that, since the price of copper, aluminum and other raw material prices cables in 2015, the ASEAN cable market despite shipment growth, but the market value is still declining. In addition, the market concentration is still low, ASEAN's largest cable manufacturer in Sarawak, Malaysia cable company's market share of only 4%.

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