Canada: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Canada

For the third consecutive year, the Canadian cored arc-welding wire market recorded growth in sales value, which increased by 9% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Cored Arc-Welding Wire Production in Canada

In value terms, cored arc-welding wire production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,827% against the previous year. Cored arc-welding wire production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Canada

In 2021, shipments abroad of cored arc-welding wire increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 19%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible decline. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cored arc-welding wire exports from Canada, accounting for a 92% share of total exports. It was followed by Colombia (X tons), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for cored arc-welding wire exports from Canada, comprising 90% of total exports. The second position in the ranking was taken by Colombia ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.6%.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, picking up by 14% against the previous year. In general, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-1.8%).

Cored Arc-Welding Wire Imports

Imports into Canada

In 2021, overseas purchases of cored arc-welding wire were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by 23%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

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

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of cored arc-welding wire to Canada, with a 83% share of total imports. Moreover, cored arc-welding wire imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and South Korea (+9.7% per year).

In value terms, the United States ($X) constituted the largest supplier of cored arc-welding wire to Canada, comprising 81% of total imports. The second position in the ranking was held by Japan ($X), with a 5.7% share of total imports. It was followed by South Korea, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.8% per year) and South Korea (+13.8% per year).

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cored arc-welding wire import price increased by +18.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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