Portugal: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Portugal

In 2022, the Portuguese coated arc-welding electrode market decreased by X% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption recorded a abrupt downturn. Coated arc-welding electrode consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in Portugal

In value terms, coated arc-welding electrode production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports from Portugal

After two years of growth, overseas shipments of coated base metal electrodes for electric arc-welding decreased by X% to X tons in 2022. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, coated arc-welding electrode exports totaled $X in 2022. In general, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), France (X tons) and Angola (X tons) were the main destinations of coated arc-welding electrode exports from Portugal, together accounting for X% of total exports. Italy, Germany, Cote d'Ivoire, Senegal, Cabo Verde, Belgium, Ireland, Algeria and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Angola ($X) were the largest markets for coated arc-welding electrode exported from Portugal worldwide, with a combined X% share of total exports. Italy, Cote d'Ivoire, Germany, Senegal, Cabo Verde, Belgium, Ireland, Algeria and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, surging by X% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coated arc-welding electrode export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Algeria ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Portugal

In 2022, supplies from abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, coated arc-welding electrode imports fell to $X in 2022. In general, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of coated arc-welding electrode to Portugal, with a X% share of total imports. Moreover, coated arc-welding electrode imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, the largest coated arc-welding electrode suppliers to Portugal were Turkey ($X), Spain ($X) and Italy ($X), together comprising X% of total imports. Romania, France, the Czech Republic, India, China and the Netherlands lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coated arc-welding electrode import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. 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 remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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