Coated electrodes for arc welding market in Germany

Earlier Report Observations

The market for coated electrodes in Germany exhibited significant volatility in physical volume between 2018 and 2024. After rising to 5,243 tons in 2019, consumption fell sharply to 4,227 tons in 2020. A period of stabilization followed in 2021, with volume reaching 4,283 tons.

From 2022 onwards, the market entered a phase of rapid expansion, with volume jumping to 5,463 tons and then to a peak of 6,175 tons in 2023. This represented an increase of over 44% compared to the 2020 low. However, this growth trajectory was abruptly reversed in 2024, when market volume contracted by 27% to 4,508 tons.

In value terms, the market's trajectory differed, peaking earlier at $29.9 million in 2022. Despite the physical volume rising in 2023, the market's value declined to $25.8 million, indicating possible shifts in product mix or pricing. A modest recovery to $27.1 million occurred in 2024.

Production coated electrodes for arc welding in Germany

In value, 2017-2020, K $ US

Germany's production of coated electrodes for arc welding has declined for the third year in a row. In 2020, the output was valued at 35 909 thousand US dollars, representing a 20.6% decrease compared to 2019. From 2017 to 2020, production fell by 43.8%, which translates to an annualized decline rate of 17.5%.

Annual dynamics of production in Germany in value, 2017-2020, K $ US

In kind, 2017-2020, t

Production of coated electrodes for arc welding in Germany has dropped for the third consecutive year. In 2020, Germany produced 2 687 tonnes, showing a significant contraction of 19.3% from 2019. Over the period from 2017 to 2020, production decreased by 72.2%, with a compound annual growth rate of -34.7%.

Annual dynamics of production in Germany in kind, 2017-2020, t

Exports coated electrodes for arc welding from Germany

Exports in kind, t

Exports of coated electrodes for arc welding from Germany have fallen for the third year in a row. In 2020, exports amounted to 2 955 tonnes, marking a 27.4% year-on-year drop. Between 2017 and 2020, exports declined by 67.7%, equating to an annualized decrease of 31.4%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, the geographical structure of exports in kind was highly diversified. The Netherlands accounted for 18.4% of exports, France for 16.7%, and Belgium for 6.0%, together making up 41.1% of total flows. The remaining 58.9% was distributed among numerous smaller partner countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, K $ US

Export shipments of coated electrodes for arc welding from Germany have declined for the third consecutive year. In 2020, the export volume reached 31 768 thousand US dollars, down by 25.4% compared to 2019. Over the period from 2017 to 2020, exports decreased by 44%, with a compound annual growth rate of -17.6%.

Annual dynamics of product's exports from Germany in value, 2017-2020, K $ US

During 2017 to 2020, France was a key buyer, accounting for 12.1% of exports in value terms, followed by Italy at 7.9% and the Netherlands at 6.2%. However, their combined share reached only 26.2% of total exports, with the remaining 73.8% distributed among many other partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports coated electrodes for arc welding to Germany

Imports in kind, t

After increasing for two years, imports of coated electrodes for arc welding into Germany declined. In 2020, imports totaled 4 495 tonnes, showing a substantial decrease of 24.9% from the previous year. Between 2017 and 2020, imports fell by 7.8%, with an annualized decline rate of 2.7%. The peak was recorded in 2019 at 5 985 tonnes, following the largest increase of 12.6% that same year.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, Austria remained the leading partner for imports in kind, accounting for 41.9%, followed by Romania at 11.2% and Slovenia at 7.9%. Together, these three countries made up 61.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, K $ US

Following a two-year advance, imports of coated electrodes for arc welding into Germany declined. In 2020, the import volume stood at 19 008 thousand US dollars, down by 24.9% compared to 2019. Between 2017 and 2020, imports decreased by 9.4%, with an annualized decline rate of 3.2%. The maximum value was recorded in 2019 at 25 326 thousand US dollars, after the largest increase of 15.5% in 2018.

Annual dynamics of product's imports to Germany in value, 2017-2020, K $ US

In the period from 2017 to 2020, the top destinations for imports in value terms were Austria, accounting for 38.2%, Ireland at 16.5%, and the Netherlands at 5.7%. These three countries jointly accounted for 60.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020