Report Update: Apr 9, 2024

New Zealand - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights

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Coated Arc-Welding Electrode Price in New Zealand - 2023

Coated Arc-Welding Electrode Price in New Zealand (FOB) - 2023

In August 2023, the average coated arc-welding electrode export price amounted to $4,303 per ton, reducing by -3.3% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices hit record highs at $4,669 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Vanuatu ($8,554 per ton), while the average price for exports to Sweden ($2,504 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.5%), while the prices for the other major destinations experienced a decline.

Coated Arc-Welding Electrode Price in New Zealand (CIF) - 2022

The average coated arc-welding electrode import price stood at $4,804 per ton in 2022, reducing by -7.9% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coated arc-welding electrode import price increased by +22.9% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $5,215 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($8,826 per ton), while the price for India ($2,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Coated Arc-Welding Electrode Exports in New Zealand

In 2022, the amount of coated base metal electrodes for electric arc-welding exported from New Zealand contracted significantly to 864 tons, reducing by -18.8% compared with the year before. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then dropped significantly in the following year.

In value terms, coated arc-welding electrode exports declined dramatically to $3.6M in 2022. In general, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of $4.6M, and then reduced rapidly in the following year.

Export of Coated Arc-Welding Electrode in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	4.0	3.6	4.5	3.5	-4.4%
Sweden	N/A	N/A	N/A	0.1	0%
Others	N/A	N/A	N/A	N/A	0%
Total	4.0	3.6	4.6	3.6	-3.5%

Top Export Markets for Coated Arc-Welding Electrode from New Zealand in 2022:

Australia (828.6 tons)
Sweden (32.4 tons)

Coated Arc-Welding Electrode Imports in New Zealand

In 2022, overseas purchases of coated base metal electrodes for electric arc-welding decreased by -13.2% to 167 tons, falling for the second year in a row after two years of growth. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of 213 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coated arc-welding electrode imports dropped rapidly to $802K in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 31%.

Import of Coated Arc-Welding Electrode in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	49.0	55.8	60.8	121	35.2%
Indonesia	106	115	228	89.1	-5.6%
Sweden	89.2	202	219	79.9	-3.6%
China	45.8	87.0	48.5	79.4	20.1%
Australia	66.3	209	44.2	58.2	-4.3%
United States	54.8	58.5	92.8	56.9	1.3%
Thailand	N/A	6.8	40.6	56.7	188.8%
South Korea	65.8	68.1	31.2	44.4	-12.3%
South Africa	28.8	12.3	73.4	35.0	6.7%
India	40.6	25.8	40.0	30.0	-9.6%
Hungary	43.9	28.6	44.1	29.6	-12.3%
Philippines	N/A	18.8	13.1	26.7	19.2%
Malaysia	26.9	3.8	5.5	7.5	-34.7%
Others	121	77.7	62.7	87.2	-10.3%
Total	738	969	1,003	802	2.8%

Top Suppliers of Coated Arc-Welding Electrode to New Zealand in 2022:

Turkey (31.2 tons)
Thailand (24.2 tons)
China (16.7 tons)
India (14.4 tons)
Sweden (13.6 tons)
South Korea (12.2 tons)
Indonesia (11.8 tons)
South Africa (9.3 tons)
United States (7.8 tons)
Philippines (7.3 tons)
Australia (6.6 tons)
Hungary (3.6 tons)
Malaysia (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the coated arc-welding electrode market in New Zealand. 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 25931510 - Base metal coated electrodes for electric arc-welding

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023