CIS: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in CIS

In 2021, the CIS cored arc-welding wire market increased by 15% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Cored Arc-Welding Wire Production in CIS

In value terms, cored arc-welding wire production contracted to $X in 2021 estimated in export price. Overall, production recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports in CIS

In 2021, cored arc-welding wire exports in the CIS surged to X tons, growing by 34% on 2020. Overall, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 69%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cored arc-welding wire exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 120% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Belarus (X tons), constituting a 5.9% share of total exports. Armenia (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 exports from Russia stood at -12.0%. At the same time, Belarus (+56.3%) and Armenia (+55.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +56.3% from 2012-2021. While the share of Belarus (+5.8 p.p.) and Armenia (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-8.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest cored arc-welding wire supplier in the CIS, comprising 91% of total exports. The second position in the ranking was held by Belarus ($X), with a 6.9% share of total exports.

In Russia, cored arc-welding wire exports decreased by an average annual rate of -5.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+56.1% per year) and Armenia (+85.2% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, increasing by 24% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.8% 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 decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+19.4%), while the other leaders experienced mixed trends in the export price figures.

Cored Arc-Welding Wire Imports

Imports in CIS

In 2021, purchases abroad of cored arc-welding wire increased by 6.9% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 29%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) represented the largest importer of cored arc-welding wire, making up 78% of total imports. It was distantly followed by Kazakhstan (X tons), making up a 12% share of total imports. Azerbaijan (X tons), Uzbekistan (X tons), Belarus (X tons) and Tajikistan (X tons) held a minor share of total imports.

Russia was also the fastest-growing in terms of the cored arc-welding wire imports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Azerbaijan (+2.6%) displayed positive paces of growth. Uzbekistan and Kazakhstan experienced a relatively flat trend pattern. By contrast, Tajikistan (-9.5%) and Belarus (-15.8%) illustrated a downward trend over the same period. While the share of Russia (+16 p.p.) and Uzbekistan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-2.6 p.p.), Tajikistan (-4 p.p.) and Belarus (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cored arc-welding wire in the CIS, comprising 80% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.4% share of total imports. It was followed by Azerbaijan, with a 5.2% share.

In Russia, cored arc-welding wire imports increased at an average annual rate of +3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-5.9% per year) and Azerbaijan (+10.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 Azerbaijan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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