Report Update Nov 1, 2024

Greece - Base Metal Cored Wire for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights

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Greece: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Greece

For the third year in a row, the Greek cored arc-welding wire market recorded decline in sales value, which decreased by -9.3% to $X in 2021. Overall, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Greece

In 2021, approx. X kg of cored arc-welding wire were exported from Greece; reducing by -86.5% on the year before. In general, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2016 when exports increased by 221% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, cored arc-welding wire exports reduced markedly to $X in 2021. Overall, exports recorded a sharp descent. The growth pace was the most rapid in 2016 with an increase of 53% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Marshall Islands (X kg) was the main destination for cored arc-welding wire exports from Greece, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Marshall Islands stood at -84.6%.

From 2012 to 2021, the average annual growth rate of value to Marshall Islands totaled -75.7%.

Export Prices by Country

In 2021, the average cored arc-welding wire export price amounted to $X per ton, declining by -60% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 309%. The export price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Marshall Islands.

From 2012 to 2021, the rate of growth in terms of prices for Marshall Islands amounted to +57.4% per year.

Cored Arc-Welding Wire Imports

Imports into Greece

In 2021, supplies from abroad of cored arc-welding wire decreased by -16.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cored arc-welding wire imports contracted to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.4% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 87%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cored arc-welding wire to Greece, accounting for a 78% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was held by South Korea (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.8% per year) and South Korea (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of cored arc-welding wire to Greece, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.6% per year) and Germany (+7.0% per year).

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the import price, however, showed a pronounced descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal cored wire for electric arc-welding in the world?

The countries with the highest volumes of metal cored wire consumption in 2021 were China, the United States and India, with a combined 52% share of global consumption.

What are the largest producers of base metal cored wire for electric arc-welding in the world?

The countries with the highest volumes of metal cored wire production in 2021 were China, the United States and India, with a combined 60% share of global production. These countries were followed by South Korea, Japan, Vietnam, Poland, Brazil, Italy, Germany and Malaysia, which together accounted for a further 27%.

What are the leading suppliers of base metal cored wire for electric arc-welding to Greece?

In value terms, China constituted the largest supplier of metal cored wire to Greece, comprising 49% of total imports. The second position in the ranking was occupied by Italy, with a 17% share of total imports. It was followed by Germany, with a 12% share.

What is the average export price for base metal cored wire for electric arc-welding in Greece?

In 2021, the average metal cored wire export price amounted to $8,570 per ton, waning by -42.4% against the previous year.

What is the average import price for base metal cored wire for electric arc-welding in Greece?

The average metal cored wire import price stood at $2,136 per ton in 2021, increasing by 11% against the previous year.

This report provides an in-depth analysis of the cored arc-welding wire market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023