Cote d'Ivoire: Coated Arc-Welding Electrode Market 2025

Coated Arc-Welding Electrode Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was decline in the Cote d'Ivoire's coated arc-welding electrode market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a abrupt curtailment. Coated arc-welding electrode consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Cote d'Ivoire

In value terms, coated arc-welding electrode production rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of X%. Coated arc-welding electrode production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Coated Arc-Welding Electrode Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode exports dropped to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Mali (X tons) was the main destination for coated arc-welding electrode exports from Cote d'Ivoire, with a X% share of total exports. Moreover, coated arc-welding electrode exports to Mali exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Liberia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mali totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Liberia (X% per year).

In value terms, France ($X) remains the key foreign market for coated base metal electrodes for electric arc-welding exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Liberia (X% per year).

Export Prices by Country

The average coated arc-welding electrode export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of coated base metal electrodes for electric arc-welding increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, coated arc-welding electrode imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Portugal (X tons) were the main suppliers of coated arc-welding electrode imports to Cote d'Ivoire, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and France ($X) appeared to be the largest coated arc-welding electrode suppliers to Cote d'Ivoire, together comprising X% of total imports. Portugal, India, the United Arab Emirates, Romania and Morocco lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average coated arc-welding electrode import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform