Italy’s aluminium wire import to continue to grow in 2019; France estimated to be the major supplier

Growing consumer demand towards the lightweight automobile vehicles is incessantly driving the aluminium wire market over the years. By 2024, the aluminium wire market revenue is expected to exceed US$65 million. The global low voltage cable market by overhead (conductors, fittings & fixtures, others), by underground (PVC cables, XLPE cables, cable transmission, cable joints, and others), by end-user and by region has been found contributing to the increasing demand for aluminium wires, replacing and/or being used along with copper and silver wires.

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Italy being home to some of the world's biggest low voltage cable manufacturers such as Prysmian S.P.A is expected to witness a surge in import of aluminium wires. According to the global export-import data, Italy in 2019 is expected to import 61,345 tonnes, up 7.56 per cent from 57,030 tonnes in 2018. In fact, Italy’s aluminium wire import has been seeing a rise over the years. In 2016, the country imported 34,904 tonnes, which in 2017 grew by 58.37 per cent to 55,278 tonnes. In 2018, the country’s import saw a growth of 3.18 per cent, according to the data shown in the graph below.

In tandem with the increasing volume of aluminium wire import, the country’s aluminium wire import cost has also been rising over the years, shows the global data. In 2016, Italy’s aluminium wire cost stood at US$65 million, while that in 2017 came in at US$113 million. This indicates a rise of 73.84 per cent in Italy’s aluminium wire import in 2017. In 2018, the cost further rose to US$117 million, up 3.53 per cent year on year. In 2019, the country’s import cost is expected to extend a further growth of 8.54 per cent to US$127 million.

France is expected to be major supplier of aluminium wire to Italy this year, providing 16,509 tonnes at US$30 million, followed by Mozambique 11,194 tonnes at US$20 million.