India: Coated Arc-Welding Electrode Market 2025

Coated Arc-Welding Electrode Market Size in India

The Indian coated arc-welding electrode market declined slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a mild reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Coated Arc-Welding Electrode Production in India

In value terms, coated arc-welding electrode production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports from India

In 2022, the amount of coated base metal electrodes for electric arc-welding exported from India expanded significantly to X tons, picking up by X% compared with the previous year. In general, total exports indicated a prominent expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Nigeria (X tons) and Brazil (X tons) were the main destinations of coated arc-welding electrode exports from India, with a combined X% share of total exports. Nepal, Angola, the United States, Bangladesh, Oman, Bahrain, Tanzania, Kenya, Egypt and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Nigeria ($X) and Brazil ($X) appeared to be the largest markets for coated arc-welding electrode exported from India worldwide, together comprising X% of total exports. Nepal, Russia, the United States, Angola, Tanzania, Kenya, Bangladesh, Oman, Egypt and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average coated arc-welding electrode export price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Bahrain ($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 Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into India

In 2022, the amount of coated base metal electrodes for electric arc-welding imported into India totaled X tons, growing by X% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, coated arc-welding electrode imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of coated arc-welding electrode imports to India, with a combined X% share of total imports. Austria, Brazil, Japan, Slovenia, Malaysia, France, South Korea and Vietnam lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest coated arc-welding electrode suppliers to India were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Japan, France, Slovenia, Brazil, Austria, Malaysia, South Korea and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovenia, 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, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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