Report Update Feb 1, 2025

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

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Kuwait: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Kuwait

In 2021, after two years of growth, there was significant decline in the Kuwaiti cored arc-welding wire market, when its value decreased by -42.1% to $X. Overall, consumption saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Kuwait

In 2021, the amount of cored arc-welding wire exported from Kuwait skyrocketed to X tons, growing by 18% on 2020. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 14,668%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, cored arc-welding wire exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 11,686% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for cored arc-welding wire exports from Kuwait, with a 73% share of total exports. Moreover, cored arc-welding wire exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold. Iran (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+32.5% per year) and Iran (-4.0% per year).

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iran ($X) appeared to be the largest markets for cored arc-welding wire exported from Kuwait worldwide, together comprising 95% of total exports.

The United Arab Emirates, with a CAGR of +28.3%, recorded the highest rates of growth with regard to 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, almost unchanged from the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+32.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cored Arc-Welding Wire Imports

Imports into Kuwait

In 2021, overseas purchases of cored arc-welding wire decreased by -24.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 with an increase of 68%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports reduced sharply to $X in 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Imports peaked at $X in 2020, and then plummeted in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and India (X tons) were the main suppliers of cored arc-welding wire imports to Kuwait, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire suppliers to Kuwait were China ($X), Taiwan (Chinese) ($X) and India ($X), together comprising 56% of total imports.

Among the main suppliers, China, with a CAGR of +20.6%, 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 2021, the average cored arc-welding wire import price amounted to $X per ton, waning by -31.1% against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.6%), 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, together accounting for 52% 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 Kuwait?

In value terms, Japan constituted the largest supplier of metal cored wire to Kuwait, comprising 46% of total imports. The second position in the ranking was occupied by China, with a 23% share of total imports. It was followed by Vietnam, with an 8.6% share.

What are the leading importers of base metal cored wire for electric arc-welding from Kuwait?

In value terms, Saudi Arabia emerged as the key foreign market for metal cored wire exports from Kuwait, comprising 65% of total exports. The second position in the ranking was occupied by the United Arab Emirates $749), with a 13% share of total exports. It was followed by Iran, with a 9.4% share.

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

The average metal cored wire export price stood at $1,005 per ton in 2021, declining by -66.7% against the previous year.

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

The average metal cored wire import price stood at $2,572 per ton in 2021, growing by 32% against the previous year.

This report provides an in-depth analysis of the cored arc-welding wire market in Kuwait. 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:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024