Report Update: May 1, 2024

Portugal - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights

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Coated Arc-Welding Electrode Price in Portugal - 2023

Coated Arc-Welding Electrode Price in Portugal (FOB) - 2022

The average coated arc-welding electrode export price stood at $3,686 per ton in 2022, picking up by 21% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coated arc-welding electrode export price increased by +14.1% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($5,899 per ton), while the average price for exports to Algeria ($2,384 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 the UK (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Price in Portugal (CIF) - 2023

The average coated arc-welding electrode import price stood at $4,993 per ton in July 2023, jumping by 66% against the previous month. Overall, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in November 2022 an increase of 86% m-o-m. Over the period under review, average import prices attained the peak figure at $6,448 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($17,610 per ton), while the price for Turkey ($2,806 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Romania (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Coated Arc-Welding Electrode Exports in Portugal

After three years of growth, shipments abroad of coated base metal electrodes for electric arc-welding decreased by -16.9% to 2.1K tons in 2022. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 2.6K tons, and then contracted significantly in the following year.

In value terms, coated arc-welding electrode exports reached $7.9M in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, 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 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Coated Arc-Welding Electrode in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	2,040	1,885	2,473	2,231	3.0%
France	1,174	1,532	1,729	1,650	12.0%
Angola	852	766	755	1,474	20.0%
Italy	435	504	705	648	14.2%
Cote d'Ivoire	5.7	2.6	22.8	271	262.3%
Germany	58.7	37.2	142	238	59.5%
Senegal	63.3	45.6	139	219	51.2%
Cabo Verde	225	226	345	193	-5.0%
Belgium	137	112	165	135	-0.5%
Morocco	377	209	422	99.6	-35.8%
Ireland	87.6	66.5	80.9	99.4	4.3%
Algeria	195	99.4	N/A	79.0	-26.0%
Others	844	674	870	552	-13.2%
Total	6,493	6,159	7,849	7,889	6.7%

Top Export Markets for Coated Arc-Welding Electrode from Portugal in 2022:

Spain (828.0 tons)
France (471.5 tons)
Angola (249.8 tons)
Italy (126.7 tons)
Germany (77.8 tons)
Cote d'Ivoire (66.5 tons)
Senegal (53.7 tons)
Cabo Verde (45.5 tons)
Belgium (36.5 tons)
Ireland (34.8 tons)
Algeria (33.1 tons)
Morocco (23.3 tons)

Coated Arc-Welding Electrode Imports in Portugal

In 2022, overseas purchases of coated base metal electrodes for electric arc-welding decreased by -20.4% to 1.3K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 7.6%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, coated arc-welding electrode imports contracted to $4M in 2022. In general, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year.

Import of Coated Arc-Welding Electrode in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	733	989	1,130	1,140	15.9%
Spain	1,608	1,608	1,268	990	-14.9%
Italy	733	592	812	810	3.4%
Romania	117	219	319	328	41.0%
France	272	224	259	308	4.2%
India	9.1	5.2	3.7	88.1	113.1%
China	67.8	97.3	128	71.7	1.9%
Poland	232	95.5	0.1	0.1	-92.4%
Others	511	285	337	294	-16.8%
Total	4,284	4,116	4,257	4,031	-2.0%

Top Suppliers of Coated Arc-Welding Electrode to Portugal in 2022:

Poland (undefined tons)
Turkey (596.0 tons)
Spain (241.7 tons)
Italy (184.7 tons)
Romania (125.6 tons)
India (38.0 tons)
France (24.9 tons)
China (20.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the coated arc-welding electrode market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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:

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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023