United Kingdom - 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 the UK - 2023
Contents:
- Coated Arc-Welding Electrode Price in the UK (CIF) - 2022
- Coated Arc-Welding Electrode Price in the UK (FOB) - 2022
- Coated Arc-Welding Electrode Imports in the UK
- Coated Arc-Welding Electrode Exports in the UK
Coated Arc-Welding Electrode Price in the UK (CIF) - 2022
The average coated arc-welding electrode import price stood at $6,108 per ton in 2022, increasing by 66% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 import price increased by +68.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($23,022 per ton), while the price for Hungary ($1,883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Coated Arc-Welding Electrode Price in the UK (FOB) - 2022
In 2022, the average coated arc-welding electrode export price amounted to $18,473 per ton, with an increase of 15% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +116.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($83,588 per ton), while the average price for exports to Norway ($6,525 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 United States (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Coated Arc-Welding Electrode Imports in the UK
In 2022, the amount of coated base metal electrodes for electric arc-welding imported into the UK reduced modestly to 2.1K tons, with a decrease of -2.1% compared with 2021. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year.
In value terms, coated arc-welding electrode imports surged to $13M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Coated Arc-Welding Electrode in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,274 | 925 | 681 | 4,945 | 57.2% |
| Austria | 1,782 | 1,683 | 1,843 | 2,072 | 5.2% |
| Romania | 513 | 497 | 207 | 1,024 | 25.9% |
| Sweden | 118 | 4.0 | 46.2 | 1,011 | 104.6% |
| Germany | 967 | 934 | 788 | 800 | -6.1% |
| China | 418 | 485 | 919 | 728 | 20.3% |
| Hungary | 7.6 | 22.7 | 80.0 | 427 | 283.0% |
| Italy | 207 | 108 | 31.5 | 369 | 21.3% |
| India | 174 | 71.7 | 178 | 275 | 16.5% |
| United Arab Emirates | 499 | 294 | 409 | 241 | -21.5% |
| Poland | 157 | 94.8 | 2.8 | 196 | 7.7% |
| Turkey | 142 | 161 | 531 | 181 | 8.4% |
| Indonesia | 212 | 188 | 148 | 125 | -16.1% |
| Others | 4,012 | 1,941 | 2,172 | 653 | -45.4% |
| Total | 10,483 | 7,410 | 8,036 | 13,045 | 7.6% |
Top Suppliers of Coated Arc-Welding Electrode to the UK in 2022:
- Austria (337.8 tons)
- Romania (275.4 tons)
- China (248.0 tons)
- Hungary (226.7 tons)
- Sweden (226.1 tons)
- United States (214.8 tons)
- India (93.3 tons)
- Italy (76.2 tons)
- Turkey (68.2 tons)
- Germany (50.7 tons)
- United Arab Emirates (49.1 tons)
- Poland (46.9 tons)
- Indonesia (38.1 tons)
Coated Arc-Welding Electrode Exports in the UK
In 2022, overseas shipments of coated base metal electrodes for electric arc-welding decreased by -10.1% to 265 tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, the exports reached the peak of 432 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, coated arc-welding electrode exports expanded to $4.9M in 2022. The total export value increased at an average annual rate of +6.9% 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 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Coated Arc-Welding Electrode in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 17.8 | N/A | N/A | 791 | 254.2% |
| Ireland | 1,008 | 1,143 | 815 | 664 | -13.0% |
| United States | 319 | 368 | 485 | 542 | 19.3% |
| Italy | 355 | 116 | 367 | 270 | -8.7% |
| France | 42.4 | 43.8 | 306 | 229 | 75.5% |
| Netherlands | 188 | 79.3 | 316 | 184 | -0.7% |
| Libya | 42.9 | 71.0 | 23.1 | 165 | 56.7% |
| Czech Republic | 18.8 | 3.6 | 94.8 | 114 | 82.4% |
| Saudi Arabia | 171 | 101 | 54.6 | 111 | -13.4% |
| Sweden | 10.4 | 6.8 | 20.9 | 64.4 | 83.6% |
| Ghana | 34.7 | 13.8 | 9.4 | 60.9 | 20.6% |
| United Arab Emirates | 94.0 | 267 | 86.1 | 50.2 | -18.9% |
| Norway | 32.5 | 26.1 | 3.5 | 29.7 | -3.0% |
| Others | 1,679 | 1,441 | 2,163 | 1,624 | -1.1% |
| Total | 4,014 | 3,680 | 4,744 | 4,900 | 6.9% |
Top Export Markets for Coated Arc-Welding Electrode from the UK in 2022:
- Ireland (90.3 tons)
- Brazil (36.5 tons)
- Libya (16.4 tons)
- Czech Republic (15.8 tons)
- France (9.0 tons)
- Netherlands (8.2 tons)
- Saudi Arabia (7.8 tons)
- United States (6.5 tons)
- Italy (5.3 tons)
- Sweden (4.7 tons)
- United Arab Emirates (4.6 tons)
- Norway (4.6 tons)
- Ghana (4.3 tons)
This report provides an in-depth analysis of the coated arc-welding electrode market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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