China: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in China

In 2023, after two years of growth, there was significant decline in the Chinese coated arc-welding electrode market, when its value decreased by X% to $X. Overall, consumption continues to indicate a noticeable slump. Coated arc-welding electrode consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in China

In value terms, coated arc-welding electrode production declined modestly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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Coated Arc-Welding Electrode Exports

Exports from China

Coated arc-welding electrode exports from China soared to X tons in 2023, picking up by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded 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 stood at $X in 2023. Over the period under review, total exports indicated a pronounced expansion 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and the United Arab Emirates (X tons) were the main destinations of coated arc-welding electrode exports from China, with a combined X% share of total exports. Brazil, Saudi Arabia, Ghana, Thailand, Iraq, Russia, Myanmar, Tanzania, Kazakhstan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Indonesia ($X), the Philippines ($X) and Thailand ($X) were the largest markets for coated arc-welding electrode exported from China worldwide, together comprising X% of total exports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2023, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into China

In 2023, imports of coated base metal electrodes for electric arc-welding into China reduced to X tons, which is down by X% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode imports skyrocketed to $X in 2023. Overall, imports, however, showed a noticeable expansion. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

Japan (X tons), Sweden (X tons) and Romania (X tons) were the main suppliers of coated arc-welding electrode imports to China, with a combined X% share of total imports.

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

In value terms, Sweden ($X) constituted the largest supplier of coated base metal electrodes for electric arc-welding to China, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Romania (X% per year).

Import Prices by Country

The average coated arc-welding electrode import price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, import price indicated a prominent increase from 2012 to 2023: its price 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, coated arc-welding electrode import price increased by X% against 2019 indices. 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 supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform