Turkey: Coated Arc-Welding Electrode Market 2025

Coated Arc-Welding Electrode Market Size in Turkey

The Turkish coated arc-welding electrode market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, the total consumption indicated a modest expansion 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, consumption decreased by X% against 2019 indices. Coated arc-welding electrode consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Turkey

In value terms, coated arc-welding electrode production contracted significantly to $X in 2022 estimated in export price. In general, production saw resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports from Turkey

In 2022, the amount of coated base metal electrodes for electric arc-welding exported from Turkey amounted to X tons, flattening at the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coated arc-welding electrode exports skyrocketed to $X in 2022. Overall, total exports indicated a modest 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, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Azerbaijan (X tons) and Georgia (X tons) were the main destinations of coated arc-welding electrode exports from Turkey, together comprising X% of total exports. Iraq, Turkmenistan, Libya, Morocco, Algeria, Romania, Cote d'Ivoire, France, Portugal and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Azerbaijan ($X) and Georgia ($X) were the largest markets for coated arc-welding electrode exported from Turkey worldwide, together accounting for X% of total exports. Iraq, Turkmenistan, Libya, Morocco, Algeria, Romania, Cote d'Ivoire, France, Portugal and Israel lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coated arc-welding electrode export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and France ($X per ton), while the average price for exports to Iraq ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Turkey

In 2022, the amount of coated base metal electrodes for electric arc-welding imported into Turkey reduced sharply to X tons, which is down by X% compared with the previous year. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coated arc-welding electrode imports skyrocketed to $X in 2022. In general, total imports indicated a resilient expansion 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of coated arc-welding electrode to Turkey, accounting for a X% share of total imports. Moreover, coated arc-welding electrode imports from Hungary exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Austria (X% per year).

In value terms, Germany ($X), Sweden ($X) and Hungary ($X) constituted the largest coated arc-welding electrode suppliers to Turkey, together accounting for X% of total imports. Russia, Austria, the United States and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Russia, 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, with an increase of X% against the previous year. Over the period under review, the import price saw slight growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :