Asia: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Asia

The Asian coated arc-welding electrode market shrank to $X in 2023, dropping by X% against the previous year. Overall, consumption continues to indicate a pronounced reduction. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Coated Arc-Welding Electrode Production in Asia

In value terms, coated arc-welding electrode production expanded to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Coated Arc-Welding Electrode Exports

Exports in Asia

In 2023, overseas shipments of coated base metal electrodes for electric arc-welding increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coated arc-welding electrode exports totaled $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Turkey (X tons), making up a X% share of total exports. India (X tons), Malaysia (X tons), Japan (X tons), Thailand (X tons), Vietnam (X tons), Uzbekistan (X tons) and South Korea (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Vietnam (X%), India (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Turkey experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Uzbekistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest coated arc-welding electrode supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports in Asia

In 2023, overseas purchases of coated base metal electrodes for electric arc-welding were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode imports amounted to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2023. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic People's Republic of Korea (X%), Uzbekistan (X%), Iraq (X%) and the Philippines (X%). Singapore (X tons), Thailand (X tons), Saudi Arabia (X tons), Malaysia (X tons), Nepal (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Indonesia ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Thailand, Singapore, Iraq, Saudi Arabia, Malaysia, Uzbekistan, the Philippines, Nepal, Democratic People's Republic of Korea and Myanmar lagged somewhat behind, together comprising a further X%.

Democratic People's Republic of Korea, with a CAGR of X%, recorded the highest growth rate of 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 2023, the import price in Asia amounted to $X per ton, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform