China: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in China

In 2021, the Chinese metal coated electrode market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a slight reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Metal Coated Electrode Production in China

In value terms, metal coated electrode production totaled $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Metal coated electrode production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Metal Coated Electrode Exports

Exports from China

After four years of growth, shipments abroad of base metal coated electrodes for electric arc-welding decreased by -X% to X tons in 2021. Overall, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, metal coated electrode exports rose slightly to $X in 2021. Over the period under review, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons), the Philippines (X tons) and Indonesia (X tons) were the main destinations of metal coated electrode exports from China, with a combined X% share of total exports. Saudi Arabia, Kazakhstan, Cambodia, Ghana, Myanmar, Nigeria, Brazil, Iraq, Thailand and Nepal lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Cambodia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal coated electrode exported from China were the Philippines ($X), Indonesia ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Ghana, Kazakhstan, Thailand, Saudi Arabia, Nigeria, Brazil, Cambodia, Iraq, Myanmar and Nepal lagged somewhat behind, together comprising a further X the main countries of destination, Cambodia, with a CAGR of +X%, recorded the highest rates of growth with regard to 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. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Iraq (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Coated Electrode Imports

Imports into China

In 2021, purchases abroad of base metal coated electrodes for electric arc-welding was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, metal coated electrode imports totaled $X in 2021. Over the period under review, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Austria (X tons), Japan (X tons) and Sweden (X tons) were the main suppliers of metal coated electrode imports to China, with a combined X% share of total imports. South Korea, Romania, Italy and the Netherlands lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Romania (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), Sweden ($X) and Austria ($X) constituted the largest metal coated electrode suppliers to China, together comprising X% of total imports. These countries were followed by the Netherlands, Italy, South Korea and Romania, which together accounted for a further X terms of the main suppliers, Romania, with a CAGR of +X%, saw the highest rates of growth with regard to 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 metal coated electrode import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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