Southern Asia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Southern Asia

The South Asian cored arc-welding wire market expanded markedly to $X in 2021, increasing by 6.8% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +76.9% against 2013 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Cored Arc-Welding Wire Production in Southern Asia

In value terms, cored arc-welding wire production contracted slightly to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.9% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Cored Arc-Welding Wire Exports

Exports in Southern Asia

In 2021, shipments abroad of cored arc-welding wire decreased by -11% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 55%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports stood at $X in 2021. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 57%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), together accounting for 99% of total export.

India was also the fastest-growing in terms of the cored arc-welding wire exports, with a CAGR of -11.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cored arc-welding wire supplier in Southern Asia.

In India, cored arc-welding wire exports shrank by an average annual rate of -7.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 19% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 increased by +96.2% against 2013 indices. The growth pace was the most rapid in 2019 when the export price increased by 27% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +5.0% per year.

Cored Arc-Welding Wire Imports

Imports in Southern Asia

In 2021, the amount of cored arc-welding wire imported in Southern Asia soared to X tons, surging by 56% against the year before. Over the period under review, imports continue to indicate a strong expansion. 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. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Bangladesh (X tons), making up a 6% share of total imports. The following importers - Sri Lanka (X tons) and Pakistan (X tons) - together made up 5.5% of total imports.

Imports into India increased at an average annual rate of +9.3% from 2012 to 2021. At the same time, Bangladesh (+20.5%), Pakistan (+13.8%) and Sri Lanka (+9.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.5% from 2012-2021. Bangladesh (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -2.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cored arc-welding wire in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 5.6% share of total imports. It was followed by Pakistan, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+21.9% per year) and Pakistan (+11.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 9.5% against the previous year. In general, the import price, however, continues to indicate a noticeable reduction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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