Europe: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Europe

In 2022, the Europe coated arc-welding electrode market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Coated Arc-Welding Electrode Production in Europe

In value terms, coated arc-welding electrode production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Coated Arc-Welding Electrode Exports

Exports in Europe

In 2022, approx. X tons of coated base metal electrodes for electric arc-welding were exported in Europe; shrinking by X% against 2021 figures. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coated arc-welding electrode exports reduced to $X in 2022. In general, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Hungary (X tons), Belarus (X tons), the Czech Republic (X tons), Russia (X tons), Austria (X tons), Romania (X tons) and Sweden (X tons) represented the key exporter of coated base metal electrodes for electric arc-welding in Europe, creating X% of total export. Ukraine (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), France (X tons) and Portugal (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode supplying countries in Europe were Sweden ($X), the Czech Republic ($X) and Austria ($X), with a combined X% share of total exports. Germany, Romania, Belarus, Hungary, France, Italy, Russia, the Netherlands, Ukraine and Portugal lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($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 other leaders experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports in Europe

In 2022, approx. X tons of coated base metal electrodes for electric arc-welding were imported in Europe; waning by X% against the year before. In general, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, coated arc-welding electrode imports reduced to $X in 2022. Over the period under review, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of coated base metal electrodes for electric arc-welding in Europe, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. The Czech Republic (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%) and Germany (X%). The following importers - France (X tons), the Netherlands (X tons), Romania (X tons), Poland (X tons), Spain (X tons), the UK (X tons) and Sweden (X tons) - together made up X% of total imports.

Russia was also the fastest-growing in terms of the coated base metal electrodes for electric arc-welding imports, with a CAGR of X% from 2012 to 2022. At the same time, Germany (X%) displayed positive paces of growth. Sweden and France experienced a relatively flat trend pattern. By contrast, Italy (X%), Romania (X%), Poland (X%), the Netherlands (X%), Spain (X%), the UK (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands and the Czech Republic saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coated arc-welding electrode importing markets in Europe were Russia ($X), the Czech Republic ($X) and Italy ($X), together accounting for X% of total imports. Germany, France, the Netherlands, the UK, Spain, Poland, Romania and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Germany, with a CAGR of X%, 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

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform