Asia: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Asia

In 2022, the Asian coated arc-welding electrode market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a mild decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Asia

In value terms, coated arc-welding electrode production dropped to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Coated Arc-Welding Electrode Exports

Exports in Asia

In 2022, shipments abroad of coated base metal electrodes for electric arc-welding was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, coated arc-welding electrode exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), generating a X% share of total exports. The following exporters - India (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Japan (X tons), Thailand (X tons), Vietnam (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to coated arc-welding electrode exports from China stood at X%. At the same time, the United Arab Emirates (X%), Vietnam (X%), India (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan and Turkey experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and South Korea (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest coated arc-welding electrode supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, coated arc-welding electrode exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports in Asia

In 2022, supplies from abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode imports shrank to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Kazakhstan (X tons), Iraq (X tons), Uzbekistan (X tons), the Philippines (X tons), Thailand (X tons), Singapore (X tons), Nepal (X tons), Vietnam (X tons) and Malaysia (X tons) represented the major importer of coated base metal electrodes for electric arc-welding in Asia, mixing up X% of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode importing markets in Asia were Indonesia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Kazakhstan, Singapore, Thailand, Malaysia, Iraq, Vietnam, Uzbekistan, the Philippines, Nepal and Myanmar lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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