Spain: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Spain

The Spanish coated arc-welding electrode market rose significantly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Spain

In value terms, coated arc-welding electrode production reduced to $X in 2023 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. Coated arc-welding electrode production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Coated Arc-Welding Electrode Exports

Exports from Spain

In 2023, approx. X tons of coated base metal electrodes for electric arc-welding were exported from Spain; with an increase of X% on the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, coated arc-welding electrode exports soared to $X in 2023. Overall, total exports indicated a pronounced increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Cuba (X tons) and the UK (X tons) were the main destinations of coated arc-welding electrode exports from Spain, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coated arc-welding electrode exported from Spain were Cuba ($X), Portugal ($X) and the UK ($X), together comprising X% of total exports.

Cuba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average coated arc-welding electrode export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2023: its price 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, coated arc-welding electrode export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports into Spain

After three years of decline, overseas purchases of coated base metal electrodes for electric arc-welding increased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, coated arc-welding electrode imports surged to $X in 2023. Overall, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Romania (X tons) and the Czech Republic (X tons) were the main suppliers of coated arc-welding electrode imports to Spain, with a combined X% share of total imports.

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

In value terms, Italy ($X), Germany ($X) and Portugal ($X) were the largest coated arc-welding electrode suppliers to Spain, with a combined X% share of total imports. Romania, the Czech Republic, France, Turkey, Austria, the Philippines, India, China and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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 average coated arc-welding electrode import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2023: its price 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, coated arc-welding electrode import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 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 Portugal ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform