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Characteristics of wire and cable industry
Wire and cable is an important basic industry of the national economy. The quality of wire and cable products is directly related to the economic and social development and the vital interests of the people.At present, there are three characteristics in the development of wire and cable industry

1. The wire and cable industry is developing rapidly.

In 2011, the import and export of China's wire and cable manufacturing industry increased, of which the export value was 14.889 billion US dollars, an increase of 19.86%; the import value was 5.325 billion US dollars, an increase of 17.17%.



2. The wire and cable industry is dominated by medium and low-end products with low profit level

At present, China's wire and cable industry market competition is fierce, most of the domestic small and medium-sized enterprises use price competition. Wire and cable enterprises have insufficient development potential and weak independent innovation ability. 
In the low-end wire and cable market with relatively low technology added value, it is quite common for them to sell at a low price.

3. There is a big gap between wire and cable industry and large international companies

With the global wire and cable market becoming more and more mature, the development of wire and cable manufacturing industry is slowing down, the growth rate is small, the demand is declining, the cable enterprises are relatively overcapacity, the price is falling, the competition among enterprises is intensifying, and the main raw materials such as copper, aluminum, plastic are rising sharply, which makes the development of many cable enterprises difficult, and a large number of small and medium-sized enterprises or non professional wire and cable enterprises are facing difficulties Cable factories have withdrawn from the market in different ways. 

At present, the three largest cable manufacturers in the world are Prysmann, Nexans and Sumitomo division cables. French nexen, Italian presman, British BICC and other companies have invested a lot in product development. In recent years, the rapid economic growth of emerging countries such as Asia and the shift of world wire and cable production center to Asia have driven the rapid development of wire and cable industry in China, Vietnam, the Philippines and Egypt in the Middle East. At the same time, due to the unification of Europe, the manufacturing cost in central and Eastern Europe is relatively low, and the growth of wire and cable manufacturing is also quite rapid.
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