Saudi Arabia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Saudi Arabia

After two years of decline, the Saudi cored arc-welding wire market increased by 0.8% to $X in 2021. Over the period under review, consumption, however, saw a deep setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Saudi Arabia

In 2021, approx. X tons of cored arc-welding wire were exported from Saudi Arabia; with a decrease of -9.3% against 2020 figures. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,949%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, cored arc-welding wire exports contracted remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,509%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cored arc-welding wire exports from Saudi Arabia, accounting for a 69% share of total exports. Moreover, cored arc-welding wire exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), threefold. The third position in this ranking was taken by Bahrain (X tons), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+92.6% per year) and Bahrain (-22.1% per year).

In value terms, the largest markets for cored arc-welding wire exported from Saudi Arabia were the United Arab Emirates ($X), Jordan ($X) and Bahrain ($X), together accounting for 96% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +141.6%, recorded 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 2021, the average cored arc-welding wire export price amounted to $X per ton, reducing by -13.2% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Jordan (+25.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cored Arc-Welding Wire Imports

Imports into Saudi Arabia

In 2021, approx. X tons of cored arc-welding wire were imported into Saudi Arabia; with an increase of 11% compared with the previous year's figure. Overall, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of 27%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports declined to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of cored arc-welding wire imports to Saudi Arabia, together accounting for 75% of total imports. These countries were followed by Malaysia, Taiwan (Chinese), Italy, Germany and the United States, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire suppliers to Saudi Arabia were China ($X), South Korea ($X) and Vietnam ($X), with a combined 56% share of total imports. Malaysia, Germany, the United States, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Malaysia, with a CAGR of +17.9%, saw the highest growth rate of 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 cored arc-welding wire import price stood at $X per ton in 2021, falling by -15.8% against the previous year. In general, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 States (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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