Middle East: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in the Middle East

In 2021, the Middle Eastern cored arc-welding wire market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a slight curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cored Arc-Welding Wire Production in the Middle East

In value terms, cored arc-welding wire production rose sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports in the Middle East

In 2021, approx. X tons of cored arc-welding wire were exported in the Middle East; dropping by -8.6% compared with the year before. Over the period under review, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, cored arc-welding wire exports expanded notably to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 76%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of cored arc-welding wire, making up 74% of total exports. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together mixing up a 22% share of total exports. Israel (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, Saudi Arabia (+12.9%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +12.9% from 2012-2021. By contrast, the United Arab Emirates (-4.6%) and Israel (-13.0%) illustrated a downward trend over the same period. Turkey (+17 p.p.) and Saudi Arabia (+6 p.p.) significantly strengthened its position in terms of the total exports, while Israel and the United Arab Emirates saw its share reduced by -8.1% and -12% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest cored arc-welding wire supplier in the Middle East, comprising 60% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 26% share of total exports. It was followed by Saudi Arabia, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +4.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.8% per year) and Saudi Arabia (+7.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 26%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.9%), while the other leaders experienced mixed trends in the export price figures.

Cored Arc-Welding Wire Imports

Imports in the Middle East

In 2021, approx. X tons of cored arc-welding wire were imported in the Middle East; surging by 7.3% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure 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 surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the largest importer of cored arc-welding wire, mixing up 44% of total imports. It was distantly followed by Turkey (X tons) and Saudi Arabia (X tons), together constituting a 41% share of total imports. Qatar (X tons), Israel (X tons), Kuwait (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. These countries were followed by Israel, Oman, Kuwait and Qatar, which together accounted for a further 9.9%.

Qatar, with a CAGR of +4.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, growing by 11% against the previous year. Overall, the import price, however, saw a mild reduction. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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