CIS: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in CIS

In 2023, the CIS coated arc-welding electrode market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in CIS

In value terms, coated arc-welding electrode production expanded notably to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports in CIS

In 2023, overseas shipments of coated base metal electrodes for electric arc-welding increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports enjoyed buoyant growth. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode exports surged to $X in 2023. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Belarus (X tons) was the major exporter of coated base metal electrodes for electric arc-welding, constituting X% of total exports. Uzbekistan (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%).

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Belarus ($X), Uzbekistan ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted 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 Uzbekistan ($X per ton), while Belarus ($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 a decline in the export price figures.

Coated Arc-Welding Electrode Imports

Imports in CIS

In 2023, supplies from abroad of coated base metal electrodes for electric arc-welding was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, coated arc-welding electrode imports rose rapidly to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of coated base metal electrodes for electric arc-welding in the CIS, with the volume of imports reaching X tons, which was near 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 Uzbekistan (X%) and Azerbaijan (X%). Belarus (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) took a minor share of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported coated base metal electrodes for electric arc-welding in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform