Luxembourg: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Luxembourg

The Luxembourg coated arc-welding electrode market fell significantly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a pronounced downturn. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Coated Arc-Welding Electrode Exports

Exports from Luxembourg

After four years of growth, shipments abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, coated arc-welding electrode exports dropped significantly to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Belgium (X tons), France (X tons) and Poland (X kg) were the main destinations of coated arc-welding electrode exports from Luxembourg, with a combined X% share of total exports. The Czech Republic and Germany 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 the Czech Republic (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coated arc-welding electrode exported from Luxembourg were Belgium ($X), France ($X) and the Czech Republic ($X), together accounting for X% of total exports.

The Czech Republic, with a CAGR of X%, 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

In 2022, the average coated arc-welding electrode export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland ($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 Oman (X%), while the prices for the other major destinations experienced a decline.

Coated Arc-Welding Electrode Imports

Imports into Luxembourg

In 2022, approx. X tons of coated base metal electrodes for electric arc-welding were imported into Luxembourg; reducing by X% compared with the previous year. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, coated arc-welding electrode imports declined remarkably to $X in 2022. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of coated arc-welding electrode to Luxembourg, with a X% share of total imports. Moreover, coated arc-welding electrode imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest coated arc-welding electrode suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the average coated arc-welding electrode import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 Hungary ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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