Greece: Coated Arc-Welding Electrode Market 2025

Coated Arc-Welding Electrode Market Size in Greece

The Greek coated arc-welding electrode market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Coated Arc-Welding Electrode Production in Greece

In value terms, coated arc-welding electrode production declined to $X in 2022 estimated in export price. In general, production saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Coated arc-welding electrode production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports from Greece

In 2022, exports of coated base metal electrodes for electric arc-welding from Greece fell markedly to X tons, shrinking by X% compared with 2021. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coated arc-welding electrode exports reduced markedly to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Albania (X tons) was the main destination for coated arc-welding electrode exports from Greece, accounting for a X% share of total exports. Moreover, coated arc-welding electrode exports to Albania exceeded the volume sent to the second major destination, Serbia (X tons), threefold. The third position in this ranking was taken by North Macedonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and North Macedonia (X% per year).

In value terms, Albania ($X) remains the key foreign market for coated base metal electrodes for electric arc-welding exports from Greece, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Albania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average coated arc-welding electrode export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Germany ($X per ton), while the average price for exports to Albania ($X per ton) and Kosovo ($X per ton) were amongst the lowest.

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

Coated Arc-Welding Electrode Imports

Imports into Greece

After three years of growth, supplies from abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons in 2022. Overall, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, coated arc-welding electrode imports contracted rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Italy (X tons), China (X tons) and Austria (X tons) were the main suppliers of coated arc-welding electrode imports to Greece, with a combined X% share of total imports. Poland, Turkey, Germany and Indonesia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest coated arc-welding electrode suppliers to Greece were Italy ($X), Austria ($X) and Germany ($X), together comprising X% of total imports. Poland, China, Turkey and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Indonesia, 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

In 2022, the average coated arc-welding electrode import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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