India: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in India

In 2021, the Indian metal coated electrode market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, showed a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Metal Coated Electrode Production in India

In value terms, metal coated electrode production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Coated Electrode Exports

Exports from India

In 2021, approx. X tons of base metal coated electrodes for electric arc-welding were exported from India; picking up by X% against the year before. In general, total exports indicated a strong expansion from 2012 to 2021: its volume 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 decreased by -X% against 2019 indices. Over the period under review, the exports reached the maximum 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 skyrocketed to $X in 2021. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its value 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. Based on 2021 figures, exports decreased by -X% against 2019 indices. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Nepal (X tons), Nigeria (X tons) and the United Arab Emirates (X tons) were the main destinations of metal coated electrode exports from India, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Nigeria ($X) and the United Arab Emirates ($X) constituted the largest markets for metal coated electrode exported from India worldwide, with a combined X% share of total exports. These countries were followed by the United States, Oman, Bangladesh, Angola, Egypt, Tanzania, Kuwait, Kenya, Uganda and Haiti, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average metal coated electrode export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Haiti ($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 Kenya (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Coated Electrode Imports

Imports into India

In 2021, purchases abroad of base metal coated electrodes for electric arc-welding was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal coated electrode imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Austria (X tons) and China (X tons) were the main suppliers of metal coated electrode imports to India, with a combined X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of metal coated electrode to India, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and China (-X% per year).

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. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

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

Source: IndexBox Market Intelligence Platform

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