Electric Cable and Wire Manufacturing in Australia - Industry Market Research Report

Taken to the wire: Ongoing high import penetration has reduced industry demand and revenue

Electric cable and wire manufacturers have struggled with high import penetration and weak downstream demand over the past five years. Revenue is expected to decrease at an annualised 0.1% over the five years through 2023-24, to total $2.0 billion. This trend includes an anticipated revenue decline of 3.4% in 2023-24, due to falling demand from the building construction and export markets. Profit margins have also declined over the past five years, due to fierce price competition from imports and upward pressure on material inputs like copper, plastic and rubber. The depreciation of the Australian dollar over much of the period has also made imported components more expensive in the domestic market, increasing purchase costs. Industry players primarily manufacture electric cables, wires or strips. This includes braided or insulated non-ferrous wire, cable or strip. The industry also includes enterprises that manufacture optical fibre cables. The manufacture of uninsulated optical fibre cable and the installation of electric or telephone cable or wire are not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.