Australia: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Australia

The Australian cored arc-welding wire market surged to $X in 2021, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Cored arc-welding wire consumption peaked in 2021 and is expected to retain growth in years to come.

Cored Arc-Welding Wire Exports

Exports from Australia

In 2021, overseas shipments of cored arc-welding wire decreased by -23% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 138% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports contracted to $X in 2021. Overall, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 73% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), Singapore (X tons) and Indonesia (X tons) were the main destinations of cored arc-welding wire exports from Australia, with a combined 59% share of total exports. These countries were followed by Poland, Papua New Guinea, China, Fiji, South Africa, Thailand and India, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Indonesia ($X) remains the key foreign market for cored arc-welding wire exports from Australia, comprising 47% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports. It was followed by Papua New Guinea, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-25.6% per year) and Papua New Guinea (-22.2% per year).

Export Prices by Country

In 2021, the average cored arc-welding wire export price amounted to $X per ton, surging by 16% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cored arc-welding wire export price increased by +57.7% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 54% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Australia

In 2021, approx. X tons of cored arc-welding wire were imported into Australia; picking up by 11% compared with 2020. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, cored arc-welding wire imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest cored arc-welding wire supplier to Australia, accounting for a 42% share of total imports. Moreover, cored arc-welding wire imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.8% per year) and the United States (-5.5% per year).

In value terms, South Korea ($X), China ($X) and the United States ($X) constituted the largest cored arc-welding wire suppliers to Australia, together accounting for 65% of total imports. Malaysia, Poland, Italy, France, Romania and Vietnam lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Romania, with a CAGR of +71.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, increasing by 7.3% against the previous year. In general, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :