Russian Federation: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in the Russian Federation

In 2021, the Russian cored arc-welding wire market increased by 13% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.6% against 2019 indices. Cored arc-welding wire consumption peaked in 2021 and is likely to see gradual growth in years to come.

Cored Arc-Welding Wire Exports

Exports from the Russian Federation

Cored arc-welding wire exports from Russia soared to X tons in 2021, rising by 35% on 2020. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 74%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cored arc-welding wire exports soared to $X in 2021. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 119%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for cored arc-welding wire exports from Russia, accounting for a 41% share of total exports. Moreover, cored arc-welding wire exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. The third position in this ranking was held by Lithuania (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-21.9% per year) and Lithuania (-20.4% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for cored arc-welding wire exports from Russia, comprising 48% of total exports. The second position in the ranking was taken by Belarus ($X), with a 20% share of total exports. It was followed by Lithuania, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-13.6% per year) and Lithuania (-1.6% per year).

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, growing by 25% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cored arc-welding wire export price decreased by -3.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 37%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into the Russian Federation

In 2021, cored arc-welding wire imports into Russia rose modestly to X tons, picking up by 1.8% compared with the previous year's figure. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, cored arc-welding wire imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Vietnam (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of cored arc-welding wire imports to Russia, together accounting for 52% of total imports. South Korea, the United States, Poland, the Netherlands, France, Belgium, Turkey, Japan, Ukraine and the UK lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +41.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) appeared to be the largest cored arc-welding wire suppliers to Russia, together accounting for 42% of total imports. The Czech Republic, Vietnam, France, the Netherlands, Belgium, Poland, Japan, Turkey, the UK and Ukraine lagged somewhat behind, together comprising a further 47%.

Vietnam, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cored arc-welding wire import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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