Thailand: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Thailand

In 2022, the Thai 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 showed a relatively flat trend pattern. Cored arc-welding wire consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Thailand

In value terms, cored arc-welding wire production fell to $X in 2022 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Cored arc-welding wire production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Cored Arc-Welding Wire Exports

Exports from Thailand

In 2022, shipments abroad of cored arc-welding wire decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, cored arc-welding wire exports shrank markedly to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), Lao People's Democratic Republic (X tons) and India (X tons) were the main destinations of cored arc-welding wire exports from Thailand, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cored arc-welding wire exported from Thailand were Lao People's Democratic Republic ($X), Myanmar ($X) and India ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, saw a slight decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Egypt ($X per ton), while the average price for exports to Singapore ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cored Arc-Welding Wire Imports

Imports into Thailand

In 2022, after five years of growth, there was significant decline in supplies from abroad of cored arc-welding wire, when their volume decreased by X% to X tons. In general, total imports indicated notable growth 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 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, cored arc-welding wire imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cored arc-welding wire supplier to Thailand, accounting for 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), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

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

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest cored arc-welding wire suppliers to Thailand, with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw 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

The average cored arc-welding wire import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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