Southern Asia: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Southern Asia

The South Asian coated arc-welding electrode market shrank to $X in 2023, declining by X% against the previous year. Overall, consumption saw a noticeable decline. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Coated Arc-Welding Electrode Production in Southern Asia

In value terms, coated arc-welding electrode production dropped to $X in 2023 estimated in export price. In general, production saw a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Coated Arc-Welding Electrode Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in overseas shipments of coated base metal electrodes for electric arc-welding, which increased by X% to X tons in 2023. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, coated arc-welding electrode exports soared to $X in 2023. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together amounting to X% of total export.

India was also the fastest-growing in terms of the coated base metal electrodes for electric arc-welding exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest coated arc-welding electrode supplier in Southern Asia.

In India, coated arc-welding electrode exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Coated Arc-Welding Electrode Imports

Imports in Southern Asia

Coated arc-welding electrode imports dropped to X tons in 2023, reducing by X% on the previous year. Over the period under review, imports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, coated arc-welding electrode imports contracted to $X in 2023. Total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Nepal (X tons), distantly followed by Bangladesh (X tons), Sri Lanka (X tons), Afghanistan (X tons), India (X tons) and Pakistan (X tons) were the main importers of coated base metal electrodes for electric arc-welding, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Nepal ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Sri Lanka, Afghanistan and Pakistan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Afghanistan, with a CAGR of X%, recorded 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

In 2023, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform