South Africa - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCored Arc-Welding Wire Price in South Africa - 2023
Contents:
- Cored Arc-Welding Wire Price in South Africa (CIF) - 2023
- Cored Arc-Welding Wire Price in South Africa (FOB) - 2023
- Cored Arc-Welding Wire Imports in South Africa
- Cored Arc-Welding Wire Exports in South Africa
Cored Arc-Welding Wire Price in South Africa (CIF) - 2023
The average cored arc-welding wire import price stood at $1,888 per ton in July 2023, falling by -7.4% against the previous month. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in May 2023 an increase of 56% month-to-month. As a result, import price reached the peak level of $3,264 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($4,257 per ton), while the price for China ($1,039 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cored Arc-Welding Wire Price in South Africa (FOB) - 2023
The average cored arc-welding wire export price stood at $6,353 per ton in July 2023, growing by 89% against the previous month. Over the period under review, export price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cored arc-welding wire export price increased by +88.9% against June 2023 indices. Over the period under review, the average export prices reached the maximum at $6,416 per ton in December 2022; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Botswana ($24,270 per ton), while the average price for exports to Lesotho ($1,794 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 Botswana (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in South Africa
In 2022, overseas purchases of cored arc-welding wire decreased by -39.7% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed noticeable growth. The pace of growth appeared the most rapid in 2020 with an increase of 58%.
In value terms, cored arc-welding wire imports shrank notably to $5.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +27.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports reached the peak of $7.7M, and then shrank markedly in the following year.
| Import of Cored Arc-Welding Wire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,373 | 2,846 | 4,249 | 2,139 | 15.9% |
| South Korea | 283 | 367 | 395 | 600 | 28.5% |
| Vietnam | 406 | 373 | 422 | 589 | 13.2% |
| Poland | 417 | 246 | 589 | 428 | 0.9% |
| Germany | 143 | 153 | 166 | 337 | 33.1% |
| United States | 471 | 382 | 530 | 300 | -14.0% |
| Taiwan (Chinese) | 125 | 148 | 206 | 294 | 33.0% |
| Turkey | N/A | N/A | 42.9 | 103 | 140.1% |
| Others | 1,166 | 903 | 1,112 | 785 | -12.4% |
| Total | 4,385 | 5,419 | 7,712 | 5,575 | 8.3% |
Top Suppliers of Cored Arc-Welding Wire to South Africa in 2022:
- China (1022.9 tons)
- Vietnam (302.4 tons)
- South Korea (174.6 tons)
- Poland (120.1 tons)
- Taiwan (Chinese) (70.9 tons)
- Germany (54.9 tons)
- Turkey (46.2 tons)
- United States (35.7 tons)
Cored Arc-Welding Wire Exports in South Africa
In 2022, overseas shipments of cored arc-welding wire increased by 15% to 135 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep reduction.
In value terms, cored arc-welding wire exports reached $645K in 2022. Overall, exports, however, showed a abrupt descent.
| Export of Cored Arc-Welding Wire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 170 | 81.9 | 118 | 221 | 9.1% |
| Zambia | 129 | 185 | 55.7 | 79.0 | -15.1% |
| Mozambique | 102 | 25.6 | 34.2 | 72.8 | -10.6% |
| Mauritius | N/A | 12.6 | 10.5 | 42.5 | 83.7% |
| Botswana | 34.3 | 73.6 | 44.8 | 40.4 | 5.6% |
| Namibia | 32.2 | 24.4 | 44.1 | 32.9 | 0.7% |
| Swaziland | 12.0 | 6.8 | 24.9 | 21.3 | 21.1% |
| Tanzania | 92.5 | 13.5 | 14.0 | 12.2 | -49.1% |
| Democratic Republic of the Congo | 235 | 26.7 | 23.2 | 7.2 | -68.7% |
| Malawi | 29.8 | 14.1 | N/A | 0.2 | -81.1% |
| Luxembourg | N/A | 16.0 | N/A | N/A | 0% |
| Italy | 31.3 | N/A | N/A | N/A | 0% |
| Others | 24.4 | 108 | 233 | 116 | 68.1% |
| Total | 892 | 588 | 602 | 645 | -10.2% |
Top Export Markets for Cored Arc-Welding Wire from South Africa in 2022:
- Malawi (undefined tons)
- Zimbabwe (38.4 tons)
- Botswana (24.8 tons)
- Zambia (16.6 tons)
- Mozambique (15.5 tons)
- Swaziland (8.6 tons)
- Mauritius (7.6 tons)
- Namibia (7.4 tons)
- Tanzania (1.1 tons)
- Democratic Republic of the Congo (0.8 tons)
This report provides an in-depth analysis of the cored arc-welding wire 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 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:
- 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
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
286
This report provides an in-depth analysis of the cored arc-welding wire market in South Africa.
342
This report provides an in-depth analysis of the coated arc-welding electrode market in South Africa.
324
This report provides an in-depth analysis of the agglomerated powder rod market in South Africa.
411
This report provides an in-depth analysis of the global cored arc-welding wire market.
645
This report provides an in-depth analysis of the global coated arc-welding electrode market.
398
This report provides an in-depth analysis of the global agglomerated powder rod market.
286
This report provides an in-depth analysis of the cored arc-welding wire market in South Africa.
342
This report provides an in-depth analysis of the coated arc-welding electrode market in South Africa.
324
This report provides an in-depth analysis of the agglomerated powder rod market in South Africa.
411
This report provides an in-depth analysis of the global cored arc-welding wire market.
Nothing found. Please try again.
