Australia: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Australia

For the third year in a row, the Australian cored arc-welding wire market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Cored arc-welding wire consumption peaked in 2022 and is likely to see gradual growth in years to come.

Cored Arc-Welding Wire Exports

Exports from Australia

In 2022, after two years of decline, there was significant growth in shipments abroad of cored arc-welding wire, when their volume increased by X% to X tons. Over the period under review, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports soared to $X in 2022. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for cored arc-welding wire exports from Australia, accounting for a X% share of total exports. Moreover, cored arc-welding wire exports to New Zealand exceeded the volume sent to the second major destination, Mongolia (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (X% per year) and South Korea (X% per year).

In value terms, Indonesia ($X), New Zealand ($X) and Mongolia ($X) were the largest markets for cored arc-welding wire exported from Australia worldwide, with a combined X% share of total exports. Papua New Guinea, South Korea, Cambodia, New Caledonia, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Cored Arc-Welding Wire Imports

Imports into Australia

For the third year in a row, Australia recorded growth in overseas purchases of cored arc-welding wire, which increased by less than X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cored arc-welding wire imports rose markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), China (X tons) and the United States (X tons) were the main suppliers of cored arc-welding wire imports to Australia, with a combined X% share of total imports. Poland, Malaysia, Vietnam, Italy and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire suppliers to Australia were South Korea ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Poland, Malaysia, France, Italy and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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