Global Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size

The global cored arc-welding wire market reached $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the global market hit record highs at $X in 2018; afterwards, it flattened through to 2023.

Cored Arc-Welding Wire Production

In value terms, cored arc-welding wire production expanded to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Global production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Cored Arc-Welding Wire Exports

Exports

For the third year in a row, the global market recorded growth in overseas shipments of cored arc-welding wire, which increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, cored arc-welding wire exports expanded markedly to $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 in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by South Korea (X tons), Vietnam (X tons) and the United States (X tons), together constituting a X% share of total exports. Poland (X tons), Italy (X tons), Japan (X tons), Singapore (X tons), Malaysia (X tons), Germany (X tons), the Czech Republic (X tons) and the Netherlands (X tons) held a minor share of total exports.

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

In value terms, China ($X), the United States ($X) and South Korea ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Vietnam, Germany, Singapore, Japan, Italy, Poland, the Netherlands, the Czech Republic and Malaysia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Cored Arc-Welding Wire Imports

Imports

For the third year in a row, the global market recorded growth in purchases abroad of cored arc-welding wire, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, cored arc-welding wire imports stood at $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

Japan (X tons) and Mexico (X tons) were the largest importers of cored arc-welding wire in 2023, finishing at near X% and X% of total imports, respectively. Indonesia (X tons) ranks next in terms of the total imports with a X% share, followed by the United States (X%). Canada (X tons), India (X tons), Thailand (X tons), China (X tons), Vietnam (X tons), Brazil (X tons), Spain (X tons), Italy (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire importing markets worldwide were Mexico ($X), Canada ($X) and the United States ($X), together comprising X% of global imports.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 Canada ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform