EU: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in the EU

In 2021, the EU cored arc-welding wire market increased by 0.3% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Cored Arc-Welding Wire Production in the EU

In value terms, cored arc-welding wire production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports in the EU

Cored arc-welding wire exports skyrocketed to X tons in 2021, picking up by 17% compared with 2020 figures. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire exports surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Poland (X tons), Italy (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Germany (X tons), together recording 75% of total export. It was distantly followed by Austria (X tons), constituting a 6.1% share of total exports. Romania (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +9.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), together accounting for 47% of total exports. Poland, the Czech Republic, Austria and Romania lagged somewhat behind, together comprising a further 31%.

In terms of the main exporting countries, Romania, with a CAGR of +10.3%, 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

In 2021, the export price in the European Union amounted to $X per ton, surging by 3.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.4%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.4%), while the other leaders experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports in the EU

Cored arc-welding wire imports soared to X tons in 2021, with an increase of 24% on 2020 figures. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire imports surged 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

The countries with the highest levels of cored arc-welding wire imports in 2021 were France (X tons), Italy (X tons), the Czech Republic (X tons), Germany (X tons), Spain (X tons), Sweden (X tons), the Netherlands (X tons) and Poland (X tons), together amounting to 76% of total import. Finland (X tons), Romania (X tons), Slovakia (X tons), Portugal (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together comprising 35% of total imports. These countries were followed by the Netherlands, Sweden, the Czech Republic, Poland, Spain, Finland, Slovakia, Romania, Portugal and Lithuania, which together accounted for a further 52%.

Among the main importing countries, Lithuania, with a CAGR of +11.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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 Germany ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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