Coated electrodes for arc welding market in Italy

Earlier Report Observations

The Italian market for coated electrodes for arc welding, measured in volume, experienced considerable fluctuations between 2018 and 2024. Starting at 10.8 thousand tons in 2018, it contracted to 9.4 thousand tons in 2019 before recovering to 10.2 thousand tons in 2021. A sharp decline followed in 2022, with volume dropping to 7.0 thousand tons. The market then entered a recovery phase, growing to 8.3 thousand tons in 2023 and further to 8.7 thousand tons in 2024.

In value terms, the market displayed a different trajectory. After decreasing from $26.4 million in 2018 to $21.4 million in 2021, it began to rise, reaching $22.0 million in 2022. A significant surge occurred in 2023, when the market value jumped to $30.0 million, and stabilized at $30.4 million in 2024. This divergence suggests a shift in product mix or cost pressures, as the volume recovery was more modest.

Domestic production fell sharply in 2022 to 4.5 thousand tons from 7.6 thousand tons in 2021, contributing to the overall market contraction. The subsequent rebound in market volume was supported by rising imports, which reached 6.8 thousand tons in 2023, while production stabilized around 4.5-4.7 thousand tons in 2023-2024.

Production coated electrodes for arc welding in Italy

In value, 2017-2020, K $ US

In Italy, the output value of coated electrodes for arc welding reached 13 081 K $ US in 2019, marking a 2.6% increase from 2018. However, production saw a significant decline of 62.1% between 2017 and 2019, which translates to an annualized decrease of 27.6%. The lowest value was recorded in 2018 at 12 748 K $ US, with the largest drop of 63.0% occurring that same year.

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

In kind, 2017-2020, t

Production of coated electrodes for arc welding in Italy fell for the second year in a row. In 2019, output amounted to 6 150 t, reflecting a substantial decrease of 13.6% compared to the previous year. Over the period from 2017 to 2019, production dropped by 47.1%, equivalent to an annualized decline of 19.1%.

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

Exports coated electrodes for arc welding from Italy

Exports in kind, t

Following two years of growth, Italy's export volume of coated electrodes for arc welding declined. In 2020, exports stood at 4 229 t, showing a moderate drop of 9.8% from the prior year. From 2017 to 2020, exports increased by 28.9%, with a compound annual growth rate (CAGR) of 8.8%. The peak was reached in 2019 at 4 691 t, while the largest increase of 41.8% occurred in 2018.

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

Between 2017 and 2020, France, Spain, and Turkey were the primary destinations for Italy's coated electrodes for arc welding exports in kind. France accounted for 32.6% of exports, Spain for 18.9%, and Turkey for 9.5%, together making up 61.0% of total export flows.

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

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

Exports in value, K $ US

Italy's exports of coated electrodes for arc welding in value terms declined for the second consecutive year. In 2020, exports totaled 17 508 K $ US, indicating a solid decrease of 11.6% compared to the previous year. Over the 2017-2020 period, exports grew by 43.2%, with a CAGR of 12.7%. The highest value was recorded in 2018 at 20 611 K $ US, which also saw the largest increase of 68.6%.

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

From 2017 to 2020, the partner structure for Italy's coated electrodes for arc welding exports in value terms was relatively balanced rather than concentrated. France represented 22.3% of exports, Spain 17.1%, and Turkey 8.2%, together accounting for 47.6% of total flows. The remaining 52.4% was distributed among numerous other countries.

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

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

Imports coated electrodes for arc welding to Italy

Imports in kind, t

Italy's import volume of coated electrodes for arc welding decreased for the third year in a row. In 2020, imports totaled 5 864 t, reflecting a sharp reduction of 25.9% year-over-year. Between 2017 and 2020, imports fell by 38.3%, with a CAGR decline of 14.9%.

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

During 2017-2020, Czechia, Romania, and Austria consistently served as the main sources for Italy's imports of coated electrodes for arc welding in kind. Czechia contributed 41.9% of imports, Romania 26.2%, and Austria 8.9%, together representing 77.1% of total import flows.

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

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

Imports in value, K $ US

Italy's imports of coated electrodes for arc welding in value terms declined for the second consecutive year. In 2020, imports amounted to approximately 22 802 K $ US, down by 22.7% year-over-year. From 2017 to 2020, imports decreased by 20.9%, equating to an annualized decline of 7.5%. The peak value was recorded in 2018 at 34 243 K $ US, which also experienced the largest increase of 18.8%.

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

Over the 2017-2020 period, Czechia, Germany, and Austria consistently held leading positions in Italy's import structure for coated electrodes for arc welding in value terms. Czechia accounted for 27.5% of imports, Germany for 23.7%, and Austria for 15.9%, jointly making up 67.1% of total flows.

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

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