Report Update: Apr 29, 2024

Thailand - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights

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Cored Arc-Welding Wire Price in Thailand - 2023

Cored Arc-Welding Wire Price in Thailand (CIF) - 2022

The average cored arc-welding wire import price stood at $4,016 per ton in 2022, surging by 17% against the previous year. In general, the import price, however, saw a mild shrinkage. Over the period under review, average import prices hit record highs at $4,639 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($32,460 per ton), while the price for Vietnam ($1,683 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Cored Arc-Welding Wire Price in Thailand (FOB) - 2022

The average cored arc-welding wire export price stood at $2,627 per ton in 2022, growing by 46% against the previous year. In general, the export price, however, saw a pronounced curtailment. The export price peaked at $3,926 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($5,660 per ton), while the average price for exports to Cambodia ($729 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 India (+2.6%), while the prices for the other major destinations experienced a decline.

Cored Arc-Welding Wire Imports in Thailand

In 2022, purchases abroad of cored arc-welding wire decreased by -9.9% to 12K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. As a result, imports reached the peak of 13K tons, and then reduced in the following year.

In value terms, cored arc-welding wire imports rose markedly to $47M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Import of Cored Arc-Welding Wire in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.1	7.2	11.7	13.4	30.0%
Japan	10.1	8.6	12.8	12.6	7.7%
Taiwan (Chinese)	1.4	1.9	4.2	4.5	47.6%
South Korea	3.1	3.4	3.6	4.3	11.5%
Vietnam	3.1	3.1	3.8	3.7	6.1%
Malaysia	2.1	2.3	2.3	2.7	8.7%
Others	6.6	6.4	6.5	5.9	-3.7%
Total	32.5	32.8	44.8	47.1	13.2%

Top Suppliers of Cored Arc-Welding Wire to Thailand in 2022:

China (7.2K tons)
Vietnam (2.2K tons)
Taiwan (Chinese) (0.5K tons)
Malaysia (0.5K tons)
Japan (0.4K tons)
South Korea (0.4K tons)

Cored Arc-Welding Wire Exports in Thailand

In 2022, overseas shipments of cored arc-welding wire decreased by -73.3% to 667 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 52%.

In value terms, cored arc-welding wire exports declined markedly to $1.8M in 2022. In general, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 7.8% against the previous year. As a result, the exports reached the peak of $4.5M, and then declined dramatically in the following year.

Export of Cored Arc-Welding Wire in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	816	751	547	620	-8.7%
Myanmar	80.4	375	669	578	93.0%
India	96.2	80.5	107	148	15.4%
Vietnam	461	332	349	84.4	-43.2%
Egypt	261	302	238	82.1	-32.0%
China	43.3	34.6	77.0	36.0	-6.0%
South Korea	0.1	80.5	0.3	35.8	610.1%
Maldives	36.7	39.2	31.5	33.6	-2.9%
Malaysia	402	425	523	12.7	-68.4%
Cambodia	32.3	57.4	20.4	7.4	-38.8%
Singapore	228	184	211	4.6	-72.8%
Nigeria	539	383	520	N/A	-1.8%
Saudi Arabia	217	326	347	N/A	26.5%
Others	898	787	846	110	-50.3%
Total	4,109	4,159	4,485	1,753	-24.7%

Top Export Markets for Cored Arc-Welding Wire from Thailand in 2022:

Lao People's Democratic Republic (317.2 tons)
Myanmar (194.1 tons)
India (26.9 tons)
Vietnam (20.7 tons)
China (17.0 tons)
Egypt (14.5 tons)
South Korea (14.1 tons)
Maldives (13.3 tons)
Cambodia (10.1 tons)
Singapore (3.8 tons)
Malaysia (3.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cored arc-welding wire market in Thailand. 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:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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
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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