Asia: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in Asia

The Asian metal coated electrode market was finally on the rise to reach $X in 2021, after eight years of decline. Over the period under review, consumption, however, saw a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Coated Electrode Production in Asia

In value terms, metal coated electrode production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Coated Electrode Exports

Exports in Asia

In 2021, overseas shipments of base metal coated electrodes for electric arc-welding decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal coated electrode exports stood at $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2021. It was distantly followed by Turkey (X tons), making up a X% share of total exports. The following exporters - India (X tons), South Korea (X tons), Malaysia (X tons), Singapore (X tons), Thailand (X tons), Japan (X tons), Vietnam (X tons) and Indonesia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Vietnam (+X%), India (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, Japan (-X%), South Korea (-X%), Malaysia (-X%), Indonesia (-X%) and Singapore (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal coated electrode supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-X% per year) and Japan (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced more modest paces of growth.

Metal Coated Electrode Imports

Imports in Asia

In 2021, overseas purchases of base metal coated electrodes for electric arc-welding decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal coated electrode imports amounted to $X in 2021. Overall, imports saw a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of base metal coated electrodes for electric arc-welding, namely the United Arab Emirates, Indonesia, the Philippines, Kazakhstan, Saudi Arabia, Iraq, Vietnam, Myanmar, Uzbekistan, Malaysia, Thailand and Pakistan, represented more than half of total import. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal coated electrode importing markets in Asia were Indonesia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. These countries were followed by Thailand, Vietnam, Malaysia, Kazakhstan, Iraq, the Philippines, Uzbekistan, Pakistan, Bangladesh and Myanmar, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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