Europe: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Europe

The Europe cored arc-welding wire market reached $X in 2023, rising by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Europe

In value terms, cored arc-welding wire production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Cored Arc-Welding Wire Exports

Exports in Europe

In 2023, approx. X tons of cored arc-welding wire were exported in Europe; waning by X% on the previous year. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cored arc-welding wire exports rose notably to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Poland (X tons) and Italy (X tons) represented the major exporters of cored arc-welding wire in 2023, accounting for near X% and X% of total exports, respectively. Germany (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), the Netherlands (X%) and Romania (X%). The following exporters - Austria (X tons), Norway (X tons), Sweden (X tons) and France (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. The Netherlands, the Czech Republic, France, Austria, Romania, Sweden and Norway lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports in Europe

In 2023, cored arc-welding wire imports in Europe totaled X tons, with an increase of X% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, cored arc-welding wire imports reached $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

In 2023, Spain (X tons), Italy (X tons), the Czech Republic (X tons), Germany (X tons), Russia (X tons), Sweden (X tons), Poland (X tons), France (X tons), Greece (X tons), Norway (X tons), Romania (X tons) and the Netherlands (X tons) represented the key importer of cored arc-welding wire in Europe, committing X% of total import. Finland (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Greece (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 importing markets in Europe were Germany ($X), Italy ($X) and the Czech Republic ($X), with a combined X% share of total imports. Russia, Sweden, France, Poland, Spain, Finland, Norway, the Netherlands, Romania and Greece lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform