Benelux: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Benelux

The Benelux cored arc-welding wire market shrank to $X in 2021, which is down by -7.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Benelux

In value terms, cored arc-welding wire production rose sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 22%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports in Benelux

In 2021, after two years of decline, there was significant growth in overseas shipments of cored arc-welding wire, when their volume increased by 29% to X tons. Overall, exports, however, saw a slight curtailment. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports rose slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which resulted at 83% of total exports. It was distantly followed by Belgium (X tons), mixing up a 16% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of cored arc-welding wire. Belgium (-3.9%) illustrated a downward trend over the same period. The Netherlands (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -4.4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest cored arc-welding wire supplier in Benelux, comprising 81% of total exports. The second position in the ranking was held by Belgium ($X), with a 19% share of total exports.

In the Netherlands, cored arc-welding wire exports contracted by an average annual rate of -3.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, falling by -19.3% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.2%).

Cored Arc-Welding Wire Imports

Imports in Benelux

In 2021, cored arc-welding wire imports in Benelux expanded significantly to X tons, increasing by 5.3% compared with the previous year. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 14%. The volume of import peaked 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. In general, imports, however, recorded a slight contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) represented the largest importer of cored arc-welding wire, committing 81% of total imports. It was distantly followed by Belgium (X tons), mixing up a 17% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cored arc-welding wire imports into the Netherlands stood at -1.1%. At the same time, Luxembourg (+6.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.7% from 2012-2021. By contrast, Belgium (-9.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+14 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-15.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cored arc-welding wire in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports.

In the Netherlands, cored arc-welding wire imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-7.3% per year) and Luxembourg (+10.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform