Report Update: Apr 9, 2024

South Africa - 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 South Africa - 2023

Coated Arc-Welding Electrode Price in South Africa (FOB) - 2022

In 2022, the average coated arc-welding electrode export price amounted to $3,596 per ton, with an increase of 3.7% against the previous year. Overall, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,447 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($6,335 per ton), while the average price for exports to Zimbabwe ($2,307 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 Botswana (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Price in South Africa (CIF) - 2022

The average coated arc-welding electrode import price stood at $2,133 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 23% against the previous year. The import price peaked at $2,601 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,475 per ton), while the price for China ($1,463 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Coated Arc-Welding Electrode Exports in South Africa

In 2022, exports of coated base metal electrodes for electric arc-welding from South Africa soared to 3.1K tons, with an increase of 23% compared with the previous year. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coated arc-welding electrode exports surged to $11M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Coated Arc-Welding Electrode in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Zimbabwe	978	1,488	1,492	2,934	44.2%
Zambia	1,310	1,509	2,044	1,916	13.5%
Namibia	788	1,063	1,159	1,565	25.7%
Mozambique	1,191	940	1,502	1,419	6.0%
Malawi	499	643	348	720	13.0%
Democratic Republic of the Congo	1,308	287	546	418	-31.6%
Botswana	325	361	363	377	5.1%
Lesotho	194	153	119	75.4	-27.0%
Others	1,235	1,078	1,057	1,548	7.8%
Total	7,829	7,521	8,630	10,972	11.9%

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

Zimbabwe (1271.7 tons)
Zambia (533.8 tons)
Namibia (329.7 tons)
Mozambique (224.0 tons)
Malawi (168.3 tons)
Democratic Republic of the Congo (133.4 tons)
Botswana (70.1 tons)
Lesotho (29.0 tons)

Coated Arc-Welding Electrode Imports in South Africa

In 2022, the amount of coated base metal electrodes for electric arc-welding imported into South Africa totaled 3.8K tons, increasing by 3.4% on 2021 figures. Overall, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 7.2% against the previous year. As a result, imports attained the peak of 4.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, coated arc-welding electrode imports stood at $8.2M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction.

Import of Coated Arc-Welding Electrode in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.2	4.2	3.7	4.0	-13.6%
Thailand	0.5	0.5	0.3	0.9	21.6%
Hungary	0.6	0.3	0.9	0.8	10.1%
Sweden	0.3	0.3	0.5	0.6	26.0%
Indonesia	0.6	0.5	0.3	0.2	-30.7%
Others	1.9	2.3	2.1	1.7	-3.6%
Total	10.1	8.1	7.9	8.2	-6.7%

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

China (2718.8 tons)
Thailand (354.1 tons)
Hungary (257.6 tons)
Sweden (96.7 tons)
Indonesia (81.4 tons)

Source: IndexBox Market Intelligence Platform

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

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
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
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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:

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
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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