Belgium: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Belgium

In 2021, the Belgian cored arc-welding wire market decreased by -9.8% to $X, falling for the third consecutive year after four years of growth. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.7% against 2018 indices. Cored arc-welding wire consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cored Arc-Welding Wire Production in Belgium

In value terms, cored arc-welding wire production surged to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Belgium

In 2021, shipments abroad of cored arc-welding wire increased by 86% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 93%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of cored arc-welding wire exports from Belgium, together accounting for 48% of total exports. Ukraine, the Netherlands, France, Poland, India, Australia, Italy, Norway, South Africa and the UK lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +38.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Ukraine ($X) were the largest markets for cored arc-welding wire exported from Belgium worldwide, with a combined 43% share of total exports. These countries were followed by France, the Netherlands, Italy, Turkey, India, the UK, Poland, Australia, South Africa and Norway, which together accounted for a further 41%.

In terms of the main countries of destination, India, with a CAGR of +27.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, falling by -37.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 the UK (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Cored Arc-Welding Wire Imports

Imports into Belgium

In 2021, imports of cored arc-welding wire into Belgium shrank to X tons, which is down by -7.5% against 2020. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports skyrocketed to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of cored arc-welding wire imports to Belgium, with a combined 93% share of total imports. These countries were followed by China, the UK, South Korea and France, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +64.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the Czech Republic ($X) constituted the largest cored arc-welding wire suppliers to Belgium, together comprising 89% of total imports. The UK, China, France and South Korea lagged somewhat behind, together comprising a further 7.8%.

China, with a CAGR of +55.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2021, growing by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($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 (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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