Republic of Korea - 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 South Korea - 2022
Contents:
- Coated Arc-Welding Electrode Price in South Korea (FOB) - 2022
- Coated Arc-Welding Electrode Price in South Korea (CIF) - 2022
- Coated Arc-Welding Electrode Exports in South Korea
- Coated Arc-Welding Electrode Imports in South Korea
Coated Arc-Welding Electrode Price in South Korea (FOB) - 2022
In 2022, the average coated arc-welding electrode export price amounted to $3,027 per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($4,325 per ton), while the average price for exports to Oman ($1,246 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 Russia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Coated Arc-Welding Electrode Price in South Korea (CIF) - 2022
The average coated arc-welding electrode import price stood at $6,230 per ton in December 2022, declining by -14.8% against the previous month. Over the period under review, the import price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in August 2022 an increase of 230% month-to-month. As a result, import price attained the peak level of $15,179 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($18,828 per ton), while the price for Taiwan (Chinese) ($1,600 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Coated Arc-Welding Electrode Exports in South Korea
In 2022, approx. 9K tons of coated base metal electrodes for electric arc-welding were exported from South Korea; waning by -6.6% against the previous year's figure. Overall, exports recorded a abrupt slump.
In value terms, coated arc-welding electrode exports stood at $27M in 2022. Over the period under review, exports saw a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5.9% against the previous year.
| Export of Coated Arc-Welding Electrode in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 3.6 | 3.2 | 3.2 | -12.0% |
| Honduras | 2.2 | 1.5 | 2.0 | 2.4 | 2.9% |
| Saudi Arabia | 1.3 | 1.7 | 1.2 | 2.2 | 19.2% |
| Vietnam | 1.7 | 1.6 | 2.2 | 2.2 | 9.0% |
| Hong Kong SAR | 1.6 | 1.9 | 1.8 | 1.8 | 4.0% |
| Russia | 0.4 | 0.6 | 0.8 | 1.7 | 62.0% |
| United Arab Emirates | 2.7 | 1.9 | 2.3 | 1.2 | -23.7% |
| Argentina | 0.7 | 0.9 | 0.8 | 1.1 | 16.3% |
| Thailand | 0.7 | 0.9 | 0.9 | 1.0 | 12.6% |
| Japan | 1.0 | 0.8 | 1.1 | 0.9 | -3.5% |
| Ecuador | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
| Oman | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
| Kuwait | 1.8 | 0.6 | 0.2 | 0.3 | -45.0% |
| Others | 8.5 | 7.5 | 8.6 | 8.3 | -0.8% |
| Total | 28.3 | 24.6 | 26.1 | 27.4 | -1.1% |
Top Export Markets for Coated Arc-Welding Electrode from South Korea in 2022:
- United States (1424.4 tons)
- Honduras (1194.3 tons)
- Hong Kong SAR (833.2 tons)
- Saudi Arabia (741.5 tons)
- Vietnam (616.2 tons)
- Japan (508.8 tons)
- Russia (430.7 tons)
- Ecuador (385.1 tons)
- Argentina (373.5 tons)
- United Arab Emirates (304.8 tons)
- Oman (241.0 tons)
- Thailand (239.1 tons)
- Kuwait (81.2 tons)
Coated Arc-Welding Electrode Imports in South Korea
In 2022, overseas purchases of coated base metal electrodes for electric arc-welding were finally on the rise to reach 1.4K tons after two years of decline. Over the period under review, imports, however, showed a pronounced decline.
In value terms, coated arc-welding electrode imports expanded sharply to $8.1M in 2022. In general, imports, however, continue to indicate a deep downturn.
| Import of Coated Arc-Welding Electrode in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 1.3 | 1.5 | 2.1 | 1.6% |
| China | 1.7 | 1.3 | 1.7 | 1.9 | 3.8% |
| Japan | 2.9 | 1.5 | 1.5 | 1.2 | -25.5% |
| Germany | 1.5 | 1.2 | 1.4 | 1.0 | -12.6% |
| Romania | N/A | N/A | N/A | 0.8 | 0% |
| Austria | 0.7 | 0.4 | 0.4 | 0.7 | 0.0% |
| Taiwan (Chinese) | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Netherlands | 1.3 | 1.0 | 0.5 | N/A | -38.0% |
| Others | 0.4 | 0.6 | 0.3 | 0.2 | -20.6% |
| Total | 10.8 | 7.6 | 7.5 | 8.1 | -9.1% |
Top Suppliers of Coated Arc-Welding Electrode to South Korea in 2022:
- China (602.4 tons)
- Romania (280.5 tons)
- Japan (133.5 tons)
- Taiwan (Chinese) (106.5 tons)
- United States (101.8 tons)
- Austria (93.1 tons)
- Germany (16.2 tons)
- Netherlands (1.9 tons)
This report provides an in-depth analysis of the coated arc-welding electrode market in Republic of Korea. 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 Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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