Report Update Nov 1, 2024

Myanmar - Base Metal Coated Electrodes for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Myanmar

In 2022, the Myanmar's coated arc-welding electrode market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded buoyant growth. Coated arc-welding electrode consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Exports

Exports from Myanmar

After two years of decline, overseas shipments of coated base metal electrodes for electric arc-welding decreased by X% to X tons in 2019. In general, exports saw a significant expansion. The smallest decline of X% was in 2017. The exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, coated arc-welding electrode exports totaled $X in 2019. Overall, exports recorded a significant expansion. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Thailand (X tons) was the main destination for coated arc-welding electrode exports from Myanmar, with a approx. X% share of total exports.

From 2016 to 2019, the average annual growth rate of volume to Thailand was relatively modest.

From 2016 to 2019, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2019, the average coated arc-welding electrode export price amounted to $X per ton, leveling off at the previous year. Overall, the export price faced a dramatic shrinkage. The growth pace was the most rapid in 2017 a decrease of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2016 to 2019, the rate of growth in terms of prices for Thailand amounted to X% per year.

Coated Arc-Welding Electrode Imports

Imports into Myanmar

In 2022, overseas purchases of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coated arc-welding electrode imports shrank remarkably to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of coated arc-welding electrode to Myanmar, with a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of coated base metal electrodes for electric arc-welding to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average coated arc-welding electrode import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal coated electrodes for electric arc-welding in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption. These countries were followed by Turkey, Japan, Indonesia, Germany, Russia, the United Arab Emirates, Brazil and Mexico, which together accounted for a further 23%.

What are the largest producers of base metal coated electrodes for electric arc-welding in the world?

The country with the largest volume of metal coated electrode production was China, comprising approx. 40% of total volume. Moreover, metal coated electrode production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Turkey, with an 8.4% share.

What are the leading suppliers of base metal coated electrodes for electric arc-welding to Myanmar?

In value terms, China constituted the largest supplier of metal coated electrode to Myanmar, comprising 94% of total imports. The second position in the ranking was occupied by Thailand, with a 2.1% share of total imports.

What are the leading importers of base metal coated electrodes for electric arc-welding from Myanmar?

In value terms, Thailand remains the key foreign market for metal coated electrode exports from Myanmar.

What is the average export price for base metal coated electrodes for electric arc-welding in Myanmar?

The average metal coated electrode export price stood at $9,261 per ton in 2021, surging by 1.7% against the previous year.

What is the average import price for base metal coated electrodes for electric arc-welding in Myanmar?

The average metal coated electrode import price stood at $717 per ton in 2021, with an increase of 8.1% against the previous year.

This report provides an in-depth analysis of the coated arc-welding electrode market in Myanmar. 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 25931510 - Base metal coated electrodes for electric arc-welding

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023