Japan: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Japan

In 2021, the Japanese cored arc-welding wire market increased by 1.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cored Arc-Welding Wire Production in Japan

In value terms, cored arc-welding wire production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep reduction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cored Arc-Welding Wire Exports

Exports from Japan

In 2021, the amount of cored arc-welding wire exported from Japan rose notably to X tons, increasing by 11% on 2020 figures. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 20%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 19%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons), the United States (X tons) and the Philippines (X tons) were the main destinations of cored arc-welding wire exports from Japan, together comprising 54% of total exports. China, Thailand, Canada, Taiwan (Chinese), Singapore, Vietnam, New Zealand and the United Arab Emirates lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +35.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cored arc-welding wire exported from Japan were the United States ($X), China ($X) and Norway ($X), together comprising 52% of total exports. Thailand, the Philippines, Canada, Taiwan (Chinese), Vietnam, Singapore, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

New Zealand, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Overall, the export price, however, saw a slight reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced a decline.

Cored Arc-Welding Wire Imports

Imports into Japan

In 2021, supplies from abroad of cored arc-welding wire decreased by -0.8% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cored arc-welding wire imports totaled $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 16%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of cored arc-welding wire imports to Japan, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +41.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cored arc-welding wire suppliers to Japan were South Korea ($X), Vietnam ($X) and China ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +37.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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