Report South-Eastern Asia - Base Metal Cored Wire for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

South-Eastern Asia - Base Metal Cored Wire for Electric Arc-Welding - Market Analysis, Forecast, Size, Trends and Insights

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South-Eastern Asia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in South-Eastern Asia

In 2021, the Southeast Asian cored arc-welding wire market was finally on the rise to reach $X after two years of decline. In general, consumption showed a perceptible descent. The growth pace was the most rapid in 2018 with an increase of 9.6%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cored Arc-Welding Wire Production in South-Eastern Asia

In value terms, cored arc-welding wire production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports in South-Eastern Asia

In 2021, cored arc-welding wire exports in South-Eastern Asia skyrocketed to X tons, surging by 26% against the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Vietnam represented the largest exporting country with an export of about X tons, which reached 79% of total exports. Malaysia (X tons) took the second position in the ranking, followed by Singapore (X tons). All these countries together held approx. 17% share of total exports. Thailand (X tons) took a little share of total exports.

Vietnam was also the fastest-growing in terms of the cored arc-welding wire exports, with a CAGR of +13.5% from 2012 to 2021. At the same time, Thailand (+2.5%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (-5.1%) illustrated a downward trend over the same period. While the share of Vietnam (+31 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-2 p.p.), Singapore (-4.3 p.p.) and Malaysia (-22.8 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest cored arc-welding wire supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total exports. It was followed by Singapore, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +8.2%. In the other countries, the average annual rates were as follows: Malaysia (-4.8% per year) and Singapore (-4.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, falling by -1.8% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by 6% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%), while the other leaders experienced a decline in the export price figures.

Cored Arc-Welding Wire Imports

Imports in South-Eastern Asia

In 2021, imports of cored arc-welding wire in South-Eastern Asia rose notably to X tons, surging by 13% against the previous year. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons), Thailand (X tons), Vietnam (X tons) and Singapore (X tons) represented the major importer of cored arc-welding wire in South-Eastern Asia, generating 83% of total import. Malaysia (X tons) held a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 69% share of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 30%.

The Philippines, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, recorded a perceptible reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($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 Philippines (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of metal cored wire consumption in 2021 were Thailand, Vietnam and Indonesia, with a combined 68% share of total consumption. Malaysia, Singapore and the Philippines lagged somewhat behind, together comprising a further 31%.
Vietnam constituted the country with the largest volume of metal cored wire production, comprising approx. 69% of total volume. Moreover, metal cored wire production in Vietnam exceeded the figures recorded by the second-largest producer, Malaysia, threefold.
In value terms, Vietnam remains the largest metal cored wire supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was occupied by Malaysia, with a 19% share of total exports. It was followed by Singapore, with a 17% share.
In value terms, the largest metal cored wire importing markets in South-Eastern Asia were Thailand, Singapore and Indonesia, together accounting for 71% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 28%.
The metal cored wire export price in South-Eastern Asia stood at $1,948 per ton in 2021, flattening at the previous year.
The metal cored wire import price in South-Eastern Asia stood at $2,574 per ton in 2021, surging by 2.4% against the previous year.

This report provides an in-depth analysis of the cored arc-welding wire market in South-Eastern Asia. 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 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in South-Eastern Asia, split by region and country
  • Trade (exports and imports) in South-Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Brunei Darussalam
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor-Leste
    • Vietnam
    • Lao People's Democratic Republic
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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