Sri Lanka - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCored Arc-Welding Wire Price in Sri Lanka - 2021
Contents:
- Cored Arc-Welding Wire Price in Sri Lanka (CIF) - 2022
- Cored Arc-Welding Wire Price in Sri Lanka (FOB) - 2022
- Cored Arc-Welding Wire Imports in Sri Lanka
- Cored Arc-Welding Wire Exports in Sri Lanka
Cored Arc-Welding Wire Price in Sri Lanka (CIF) - 2022
In 2022, the average cored arc-welding wire import price amounted to $2,202 per ton, increasing by 4.5% against the previous year. Overall, the import price, however, saw a mild slump. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $2,885 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,138 per ton), while the price for Vietnam ($1,833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Cored Arc-Welding Wire Price in Sri Lanka (FOB) - 2022
In 2022, the average cored arc-welding wire export price amounted to $7,100 per ton, waning by -3.6% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 122%. The export price peaked at $8,390 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +38.3% per year.
Cored Arc-Welding Wire Imports in Sri Lanka
In 2022, overseas purchases of cored arc-welding wire decreased by -14.5% to 659 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports attained the peak of 771 tons, and then fell in the following year.
In value terms, cored arc-welding wire imports dropped to $1.5M in 2022. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of $1.6M, and then dropped in the following year.
Import of Cored Arc-Welding Wire in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 176 | 159 | 549 | 626 | 52.6% |
South Korea | 457 | 377 | 500 | 537 | 5.5% |
Vietnam | 48.0 | 64.5 | 163 | 110 | 31.8% |
India | 96.7 | 65.7 | 95.5 | 79.8 | -6.2% |
Others | 88.5 | 139 | 317 | 97.2 | 3.2% |
Total | 866 | 805 | 1,625 | 1,451 | 18.8% |
Top Suppliers of Cored Arc-Welding Wire to Sri Lanka in 2022:
- China (316.7 tons)
- South Korea (251.2 tons)
- Vietnam (60.2 tons)
- India (8.8 tons)
Cored Arc-Welding Wire Exports in Sri Lanka
After three years of growth, shipments abroad of cored arc-welding wire decreased by -84.4% to 290 kg in 2022. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of 1.9 tons, and then dropped notably in the following year.
In value terms, cored arc-welding wire exports shrank notably to $2.1K in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 150%.
Export of Cored Arc-Welding Wire in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 0.4 | 0.4 | 1.4 | 2.1 | 73.8% |
Thailand | 2.5 | 7.7 | 11.3 | N/A | 112.6% |
Seychelles | 0.3 | 0.2 | 0.4 | N/A | 15.5% |
Ethiopia | 0.1 | 0.2 | 0.5 | N/A | 123.6% |
Bangladesh | 0.1 | N/A | 0.1 | N/A | 0.0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 3.4 | 8.5 | 13.7 | 2.1 | -14.8% |
Top Export Markets for Cored Arc-Welding Wire from Sri Lanka in 2022:
- Maldives (290.0 kg)
This report provides an in-depth analysis of the cored arc-welding wire market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cored arc-welding wire market in Sri Lanka.
This report provides an in-depth analysis of the coated arc-welding electrode market in Sri Lanka.
This report provides an in-depth analysis of the agglomerated powder rod market in Sri Lanka.
This report provides an in-depth analysis of the global cored arc-welding wire market.
This report provides an in-depth analysis of the global coated arc-welding electrode market.
This report provides an in-depth analysis of the global agglomerated powder rod market.
This report provides an in-depth analysis of the cored arc-welding wire market in Sri Lanka.
This report provides an in-depth analysis of the coated arc-welding electrode market in Sri Lanka.
This report provides an in-depth analysis of the agglomerated powder rod market in Sri Lanka.
This report provides an in-depth analysis of the global cored arc-welding wire market.
Nothing found. Please try again.