Indonesia: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Indonesia

In 2022, the Indonesian cored arc-welding wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a strong increase. Cored arc-welding wire consumption peaked in 2022 and is expected to retain growth in the immediate term.

Cored Arc-Welding Wire Exports

Exports from Indonesia

In 2022, overseas shipments of cored arc-welding wire increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for cored arc-welding wire exports from Indonesia, accounting for a X% share of total exports. Moreover, cored arc-welding wire exports to Myanmar exceeded the volume sent to the second major destination, Singapore (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and China (X% per year).

In value terms, Myanmar ($X), Singapore ($X) and China ($X) were the largest markets for cored arc-welding wire exported from Indonesia worldwide, with a combined X% share of total exports.

Myanmar, 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 mixed trend patterns.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 China (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 Indonesia

In 2022, overseas purchases of cored arc-welding wire increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cored arc-welding wire imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest cored arc-welding wire supplier to Indonesia, with a X% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of cored arc-welding wire to Indonesia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average cored arc-welding wire import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a slight expansion 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 import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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