Singapore - 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 Singapore - 2022
Contents:
- Cored Arc-Welding Wire Price in Singapore (CIF) - 2022
- Cored Arc-Welding Wire Price in Singapore (FOB) - 2022
- Cored Arc-Welding Wire Imports in Singapore
- Cored Arc-Welding Wire Exports in Singapore
Cored Arc-Welding Wire Price in Singapore (CIF) - 2022
In 2022, the average cored arc-welding wire import price amounted to $4,338 per ton, growing by 54% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cored arc-welding wire import price increased by +76.4% against 2016 indices. As a result, import price attained 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 ($11,262 per ton), while the price for Vietnam ($2,191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cored Arc-Welding Wire Price in Singapore (FOB) - 2022
In September 2022, the average cored arc-welding wire export price amounted to $7,732 per ton, dropping by -2% against the previous month. Overall, export price indicated moderate growth from September 2021 to September 2022: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, cored arc-welding wire export price increased by +31.7% against May 2022 indices. The most prominent rate of growth was recorded in February 2022 an increase of 50% against the previous month. As a result, the export price reached the peak level of $8,992 per ton. From March 2022 to September 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was India ($14,734 per ton), while the average price for exports to Indonesia ($7,060 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in Singapore
In 2022, approx. 7.4K tons of cored arc-welding wire were imported into Singapore; which is down by -15.2% against the previous year's figure. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 6.1%.
In value terms, cored arc-welding wire imports soared to $32M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cored Arc-Welding Wire in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 7.8 | 5.6 | 7.9 | 9.7 | 7.5% |
| Vietnam | 4.3 | 2.4 | 3.4 | 4.0 | -2.4% |
| South Korea | 3.2 | 3.0 | 3.3 | 4.0 | 7.7% |
| China | 2.7 | 2.1 | 3.2 | 3.8 | 12.1% |
| United States | 2.4 | 4.6 | 1.4 | 3.3 | 11.2% |
| Japan | 2.6 | 1.6 | 1.7 | 2.3 | -4.0% |
| Italy | 0.5 | 1.7 | 1.7 | 2.1 | 61.3% |
| Others | 1.3 | 2.0 | 2.0 | 2.6 | 26.0% |
| Total | 24.8 | 23.0 | 24.5 | 31.9 | 8.8% |
Top Suppliers of Cored Arc-Welding Wire to Singapore in 2022:
- Vietnam (1844.7 tons)
- China (1724.6 tons)
- Malaysia (1115.4 tons)
- South Korea (1073.2 tons)
- Japan (443.2 tons)
- Italy (433.2 tons)
- United States (296.6 tons)
Cored Arc-Welding Wire Exports in Singapore
After three years of growth, overseas shipments of cored arc-welding wire decreased by -2.4% to 3.6K tons in 2022. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 11%.
In value terms, cored arc-welding wire exports surged to $25M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +61.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cored Arc-Welding Wire in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.3 | 9.0 | 8.0 | 10.9 | 27.2% |
| Malaysia | 2.2 | 1.5 | 3.1 | 4.2 | 24.1% |
| Australia | 1.9 | 1.1 | 1.9 | 2.6 | 11.0% |
| China | 1.9 | 1.1 | 0.8 | 1.6 | -5.6% |
| India | 0.3 | 0.3 | 0.6 | 0.8 | 38.7% |
| Thailand | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
| Others | 6.1 | 2.2 | 2.2 | 4.4 | -10.3% |
| Total | 18.3 | 15.5 | 17.0 | 25.0 | 11.0% |
Top Export Markets for Cored Arc-Welding Wire from Singapore in 2022:
- Indonesia (2371.9 tons)
- Malaysia (487.0 tons)
- Australia (255.1 tons)
- India (87.5 tons)
- China (74.8 tons)
- Thailand (69.6 tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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