Pakistan - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCoated Arc-Welding Electrode Price in Pakistan - 2023
Contents:
- Coated Arc-Welding Electrode Price in Pakistan (CIF) - 2023
- Coated Arc-Welding Electrode Price in Pakistan (FOB) - 2022
- Coated Arc-Welding Electrode Imports in Pakistan
- Coated Arc-Welding Electrode Exports in Pakistan
Coated Arc-Welding Electrode Price in Pakistan (CIF) - 2023
In February 2023, the average coated arc-welding electrode import price amounted to $2,533 per ton, falling by -22.2% against the previous month. Over the period under review, the import price saw a noticeable descent. The most prominent rate of growth was recorded in July 2022 an increase of 8.9% against the previous month. Over the period under review, average import prices reached the peak figure at $4,053 per ton in October 2022; however, from November 2022 to February 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Sweden ($3,408 per ton), while the price for Vietnam ($1,760 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Coated Arc-Welding Electrode Price in Pakistan (FOB) - 2022
The average coated arc-welding electrode export price stood at $2,218 per ton in 2022, waning by -15.7% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 259%. As a result, the export price reached the peak level of $7,196 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($2,497 per ton), while the average price for exports to Yemen ($1,571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (-3.2%), while the prices for the other major destinations experienced a decline.
Coated Arc-Welding Electrode Imports in Pakistan
In 2022, after three years of growth, there was significant decline in supplies from abroad of coated base metal electrodes for electric arc-welding, when their volume decreased by -10.8% to 2.2K tons. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
In value terms, coated arc-welding electrode imports shrank dramatically to $8.2M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of $10M, and then fell rapidly in the following year.
Import of Coated Arc-Welding Electrode in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,698 | 4,169 | 5,708 | 4,189 | 15.8% |
Thailand | 475 | 391 | 1,152 | 1,321 | 40.6% |
Vietnam | 286 | 357 | 467 | 503 | 20.7% |
Turkey | 316 | 297 | 311 | 440 | 11.7% |
Philippines | 139 | 106 | 204 | 405 | 42.8% |
Taiwan (Chinese) | 158 | 163 | 208 | 189 | 6.2% |
Indonesia | 102 | 100 | 200 | 163 | 16.9% |
Hungary | 174 | 76.6 | 180 | 147 | -5.5% |
Austria | 409 | 115 | 322 | 130 | -31.8% |
United Arab Emirates | 736 | 745 | 910 | 27.0 | -66.8% |
Others | 788 | 480 | 407 | 669 | -5.3% |
Total | 6,281 | 6,999 | 10,068 | 8,185 | 9.2% |
Top Suppliers of Coated Arc-Welding Electrode to Pakistan in 2022:
- China (1173.8 tons)
- Thailand (347.5 tons)
- Vietnam (128.5 tons)
- Turkey (106.1 tons)
- Philippines (102.8 tons)
- Taiwan (Chinese) (50.9 tons)
- Indonesia (44.4 tons)
- Hungary (42.4 tons)
- Austria (36.9 tons)
- United Arab Emirates (14.9 tons)
Coated Arc-Welding Electrode Exports in Pakistan
In 2022, overseas shipments of coated base metal electrodes for electric arc-welding increased by 89% to 57 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous descent.
In value terms, coated arc-welding electrode exports skyrocketed to $127K in 2022. Overall, exports, however, saw a sharp setback.
Export of Coated Arc-Welding Electrode in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Afghanistan | 1,180 | 287 | 73.7 | 113 | -54.2% |
Egypt | N/A | N/A | N/A | 8.7 | 0% |
Yemen | 3.3 | 6.2 | 2.6 | 4.8 | 13.3% |
Others | 20.2 | 14.1 | 3.6 | 0.1 | -83.0% |
Total | 1,204 | 307 | 80.0 | 127 | -52.8% |
Top Export Markets for Coated Arc-Welding Electrode from Pakistan in 2022:
- Afghanistan (50.7 tons)
- Egypt (3.5 tons)
- Yemen (3.1 tons)
This report provides an in-depth analysis of the coated arc-welding electrode market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931510 - Base metal coated electrodes for electric arc-welding
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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