Italy - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in Italy - 2023
Contents:
- Cored Arc-Welding Wire Price in Italy (FOB) - 2023
- Cored Arc-Welding Wire Price in Italy (CIF) - 2022
- Cored Arc-Welding Wire Exports in Italy
- Cored Arc-Welding Wire Imports in Italy
Cored Arc-Welding Wire Price in Italy (FOB) - 2023
In July 2023, the average cored arc-welding wire export price amounted to $3,411 per ton, shrinking by -18.4% against the previous month. Over the period under review, the export price continues to indicate a slight decrease. The growth pace was the most rapid in February 2023 an increase of 23% m-o-m. Over the period under review, the average export prices attained the peak figure at $4,201 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($5,526 per ton), while the average price for exports to Austria ($742 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Price in Italy (CIF) - 2022
The average cored arc-welding wire import price stood at $3,432 per ton in 2022, increasing by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. As a result, import price attained the peak level of $3,521 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($22,309 per ton), while the price for Vietnam ($2,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cored Arc-Welding Wire Exports in Italy
In 2022, approx. 15K tons of cored arc-welding wire were exported from Italy; therefore, remained relatively stable against 2021. In general, exports, however, recorded a slight increase. The growth pace was the most rapid in 2021 when exports increased by 6.1% against the previous year. As a result, the exports reached the peak of 15K tons, leveling off in the following year.
In value terms, cored arc-welding wire exports expanded rapidly to $62M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Cored Arc-Welding Wire in Italy (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.5 | 8.3 | 13.2 | 17.6 | 22.8% |
United States | 5.3 | 7.1 | 9.2 | 7.9 | 14.2% |
Spain | 3.7 | 3.5 | 4.6 | 6.7 | 21.9% |
Netherlands | 4.1 | 4.0 | 4.4 | 4.9 | 6.1% |
Poland | 1.7 | 2.1 | 2.2 | 3.0 | 20.8% |
United Kingdom | 1.4 | 1.6 | 2.1 | 2.2 | 16.3% |
France | 1.9 | 2.0 | 2.3 | 2.1 | 3.4% |
India | 0.6 | 0.6 | 1.0 | 1.8 | 44.2% |
Austria | 1.0 | 0.9 | 1.6 | 1.7 | 19.3% |
Turkey | 1.5 | 1.6 | 1.9 | 1.1 | -9.8% |
Romania | 1.0 | 0.9 | 1.2 | 1.1 | 3.2% |
Hungary | 0.7 | 0.3 | 0.6 | 0.9 | 8.7% |
Singapore | 0.7 | 2.1 | 1.8 | 0.8 | 4.6% |
Others | 11.3 | 9.4 | 7.9 | 10.0 | -4.0% |
Total | 44.5 | 44.5 | 54.0 | 61.9 | 11.6% |
Top Export Markets for Cored Arc-Welding Wire from Italy in 2022:
- Germany (4.5K tons)
- Spain (2.1K tons)
- United States (1.6K tons)
- Netherlands (1.4K tons)
- Poland (0.7K tons)
- France (0.5K tons)
- United Kingdom (0.4K tons)
- Austria (0.4K tons)
- Turkey (0.3K tons)
- Romania (0.3K tons)
- India (0.3K tons)
- Hungary (0.3K tons)
- Singapore (0.2K tons)
Cored Arc-Welding Wire Imports in Italy
In 2022, the amount of cored arc-welding wire imported into Italy soared to 11K tons, jumping by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.5% 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 22% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cored arc-welding wire imports skyrocketed to $38M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +61.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cored Arc-Welding Wire in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 2.3 | 3.0 | 3.4 | 7.3 | 47.0% |
Austria | 1.9 | 3.1 | 4.9 | 6.4 | 49.9% |
Romania | 3.0 | 2.2 | 2.8 | 3.7 | 7.2% |
Germany | 3.9 | 2.7 | 3.5 | 3.7 | -1.7% |
Vietnam | 0.9 | 2.1 | 3.0 | 3.3 | 54.2% |
Czech Republic | 4.9 | 1.8 | 0.9 | 2.5 | -20.1% |
United States | 2.2 | 1.5 | 2.2 | 2.3 | 1.5% |
China | 1.5 | 1.1 | 1.7 | 2.1 | 11.9% |
Netherlands | 1.7 | 1.9 | 2.0 | 1.9 | 3.8% |
South Korea | 0.7 | 0.7 | 0.9 | 1.0 | 12.6% |
Others | 4.6 | 3.5 | 3.3 | 3.9 | -5.4% |
Total | 27.8 | 23.6 | 28.6 | 38.1 | 11.1% |
Top Suppliers of Cored Arc-Welding Wire to Italy in 2022:
- Austria (2.7K tons)
- Poland (2.5K tons)
- Vietnam (1.4K tons)
- Romania (1.2K tons)
- Czech Republic (0.9K tons)
- China (0.8K tons)
- Germany (0.4K tons)
- Netherlands (0.3K tons)
- United States (0.3K tons)
- South Korea (0.2K tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Italy. 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 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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