The market is dominated by foreign suppliers, as imports account for 93.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 84.9% of total demand in 2022. The UK has the fourth largest market size for insulated wire and cable regionally, with demand reaching USD5.3 billion in 2022. Prysmian UK Group Ltd is the largest company in the UK, generating 16.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.8% of total production value in 2022. The total number of companies increases in 2022, to 1,385 units. The costs of the industry decrease by 5.3% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 9.6% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 78.9% of total production output. With production value of USD1.8 billion, the UK accounts for 4.1% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Insulated Wire and Cable in the United Kingdom: ISIC 313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insulated Wire and Cable in the United Kingdom: ISIC 313 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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