U.S.: Metal Coated Electrode Market 2022

Metal Coated Electrode Market Size in the U.S.

In 2021, the U.S. metal coated electrode market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a deep contraction. Metal coated electrode consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Coated Electrode Production in the U.S.

In value terms, metal coated electrode production expanded sharply to $X in 2021. In general, production, however, recorded a abrupt curtailment. Metal coated electrode production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Coated Electrode Exports

Exports from the U.S.

After three years of decline, overseas shipments of base metal coated electrodes for electric arc-welding increased by X% to X tons in 2021. In general, exports, however, continue to indicate a pronounced descent. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal coated electrode exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for metal coated electrode exports from the United States, with a X% share of total exports. Moreover, metal coated electrode exports to Canada exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Saudi Arabia (+X% per year).

In value terms, Canada ($X) remains the key foreign market for metal coated electrode exports from the United States, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and India (+X% per year).

Export Prices by Country

The average metal coated electrode export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Coated Electrode Imports

Imports into the U.S.

In 2021, supplies from abroad of base metal coated electrodes for electric arc-welding decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, metal coated electrode imports expanded slightly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest metal coated electrode supplier to the United States, with a X% share of total imports. Moreover, metal coated electrode imports from Mexico exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. 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 Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Vietnam (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of metal coated electrode to the United States, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average metal coated electrode import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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