Overview of the Global Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

In 2022, the global market for fully or partly automatic electric machines for arc welding of metals was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the global market remained at a lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

In value terms, production of fully or partly automatic electric machines for arc welding of metals reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.5%. As a result, production attained the peak level of $X. From 2014 to 2022, global production of growth remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported worldwide; with a decrease of -1.9% on 2021. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports reached the peak of X units, and then shrank modestly in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals declined to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China (X units) and Germany (X units) represented roughly 48% of total exports in 2022. Japan (X units) took a 7% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (4.8%) and Austria (4.8%). The Czech Republic (X units), South Korea (X units), Poland (X units), Italy (X units), the Netherlands (X units), Sweden (X units), Finland (X units) and Canada (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +22.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine supplying countries worldwide were Germany ($X), China ($X) and Japan ($X), with a combined 44% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, falling by -8.5% against the previous year. Overall, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 5.7% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the other global leaders experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports

Global imports of fully or partly automatic electric machines for arc welding of metals reduced to X units in 2022, declining by -6.2% on the year before. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Global imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals rose notably to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17%. Over the period under review, global imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X units), followed by South Africa (X units), Germany (X units) and Poland (X units) were the major importers of fully or partly automatic electric machines for arc welding of metals, together mixing up 29% of total imports. Brazil (X units), the UK (X units), Austria (X units), Mexico (X units), Canada (X units), the Czech Republic (X units), France (X units), Hungary (X units) and Australia (X units) took a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of fully or partly automatic electric machines for arc welding of metals. At the same time, Hungary (+20.1%), Poland (+16.5%), South Africa (+10.6%), the Czech Republic (+10.1%), the UK (+3.8%) and France (+2.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of +20.1% from 2012-2022. Germany, Brazil, Mexico and Canada experienced a relatively flat trend pattern. By contrast, Austria (-2.8%) and Australia (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Poland, Hungary and the Czech Republic increased by +4.3, +3.7, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Russia ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 19% of global imports.

Among the main importing countries, South Africa, with a CAGR of +31.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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