Asia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Asia

In 2021, the Asian cored arc-welding wire market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 4.5%. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Cored Arc-Welding Wire Production in Asia

In value terms, cored arc-welding wire production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Cored Arc-Welding Wire Exports

Exports in Asia

In 2021, approx. X tons of cored arc-welding wire were exported in Asia; growing by 18% against the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, 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.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the major exporter of cored arc-welding wire, making up 41% of total exports. South Korea (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (21%) and Japan (6.8%). Malaysia (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, together comprising 74% of total exports.

Vietnam, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 9.9% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%), while the other leaders experienced a decline in the export price figures.

Cored Arc-Welding Wire Imports

Imports in Asia

In 2021, the amount of cored arc-welding wire imported in Asia rose remarkably to X tons, with an increase of 9.4% on 2020. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cored arc-welding wire imports soared to $X in 2021. Overall, imports, however, showed a slight downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons), followed by India (X tons), Indonesia (X tons), China (X tons), Thailand (X tons), the United Arab Emirates (X tons), Vietnam (X tons), South Korea (X tons) and Singapore (X tons) were the main importers of cored arc-welding wire, together constituting 80% of total imports. Turkey (X tons), Malaysia (X tons), Saudi Arabia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, together comprising 38% of total imports. These countries were followed by India, Indonesia, the United Arab Emirates, Singapore, Vietnam, South Korea, Turkey, Malaysia, Saudi Arabia and the Philippines, which together accounted for a further 52%.

The Philippines, with a CAGR of +25.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in Asia amounted to $X per ton, rising by 9.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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