Australia: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in Australia

After two years of decline, the Australian metal coated electrode market increased by X% to $X in 2021. Over the period under review, consumption, however, showed a perceptible setback. Metal coated electrode consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Metal Coated Electrode Exports

Exports from Australia

In 2021, the amount of base metal coated electrodes for electric arc-welding exported from Australia was estimated at X tons, with an increase of X% on 2020. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal coated electrode exports soared to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and the Netherlands (X tons) were the main destinations of metal coated electrode exports from Australia, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Indonesia ($X) and New Zealand ($X) appeared to be the largest markets for metal coated electrode exported from Australia worldwide, with a combined X% share of total exports. France, Fiji, the Netherlands and Malaysia lagged somewhat behind, together comprising a further X the main countries of destination, the Netherlands, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal coated electrode export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Coated Electrode Imports

Imports into Australia

After three years of decline, overseas purchases of base metal coated electrodes for electric arc-welding increased by X% to X tons in 2021. In general, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal coated electrode imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a pronounced reduction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, New Zealand (X tons) constituted the largest supplier of metal coated electrode to Australia, with a X% share of total imports. Moreover, metal coated electrode imports from New Zealand exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Indonesia (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of metal coated electrode to Australia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2021, the average metal coated electrode import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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