Romania: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Romania

After four years of growth, the Romanian coated arc-welding electrode market decreased by X% to $X in 2022. Overall, consumption, however, showed a relatively flat trend pattern. Coated arc-welding electrode consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Romania

In value terms, coated arc-welding electrode production declined to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value 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, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then fell in the following year.

Coated Arc-Welding Electrode Exports

Exports from Romania

In 2022, after three years of growth, there was significant decline in shipments abroad of coated base metal electrodes for electric arc-welding, when their volume decreased by X% to X tons. Overall, total exports indicated a mild increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, coated arc-welding electrode exports soared to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons), Poland (X tons) and Italy (X tons) were the main destinations of coated arc-welding electrode exports from Romania, with a combined X% share of total exports. Germany, Singapore, Moldova, China, Saudi Arabia, Spain, the UK, Serbia, the United Arab Emirates and Albania lagged somewhat behind, together comprising a further X%.

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

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

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest growth rate of 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. In general, the export price posted a strong expansion. As a result, the export price reached the peak level 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 China ($X per ton), while the average price for exports to France ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Romania

In 2022, purchases abroad of coated base metal electrodes for electric arc-welding decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coated arc-welding electrode imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of coated arc-welding electrode imports to Romania, together comprising X% of total imports. Hungary, Austria, Indonesia, Poland, Croatia, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode suppliers to Romania were Turkey ($X), Hungary ($X) and Ukraine ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average coated arc-welding electrode import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

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

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

Source: IndexBox Platform

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