Pakistan: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in Pakistan

The Pakistani metal coated electrode market dropped modestly to $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Coated Electrode Exports

Exports from Pakistan

After three years of decline, shipments abroad of base metal coated electrodes for electric arc-welding increased by X% to X tons in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal coated electrode exports skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for metal coated electrode exports from Pakistan, with a X% share of total exports. It was followed by Yemen (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan totaled +X%.

From 2012 to 2021, the average annual growth rate of value to Afghanistan totaled +X%.

Export Prices by Country

In 2021, the average metal coated electrode export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Yemen ($X per ton), while the average price for exports to Afghanistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+X%).

Metal Coated Electrode Imports

Imports into Pakistan

Metal coated electrode imports into Pakistan reduced modestly to X tons in 2021, therefore, remained relatively stable against the previous year. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal coated electrode imports reduced modestly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal coated electrode supplier to Pakistan, accounting for a X% share of total imports. Moreover, metal coated electrode imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average metal coated electrode import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Austria ($X per ton), while the price for Hungary ($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 a decline.

Source: IndexBox Market Intelligence Platform

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