Updated Sep 30, 2022 18:11

Coated Arc-Welding Electrode Market in Australia and Oceania

Market Overview
For the fourth consecutive year, the coated arc-welding electrode market in Australia and Oceania recorded decline in sales value, which decreased by -% to $ in . Over the period under review, consumption showed a noticeable curtailment. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a lower figure.

In value terms, coated arc-welding electrode production expanded rapidly to $ in estimated in export price. In general, production, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. The level of production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.

New Zealand ( tons) constituted the country with the largest volume of coated arc-welding electrode production, accounting for % of total volume.

From 2007 to , the average annual rate of growth in terms of volume in New Zealand stood at -%.


Consumption
For the fifth year in a row, Australia and Oceania recorded decline in consumption of coated base metal electrodes for electric arc-welding, which decreased by -% to tons in . Over the period under review, consumption showed a perceptible downturn. The volume of consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The size of the coated arc-welding electrode market in Australia and Oceania dropped slightly to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a lower figure.


Consumption by Country
Australia ( tons) remains the largest coated arc-welding electrode consuming country in Australia and Oceania, accounting for % of total volume. Moreover, coated arc-welding electrode consumption in Australia exceeded the figures recorded by the second-largest consumer, Papua New Guinea ( tons), fourfold. The third position in this ranking was taken by New Zealand ( tons), with a % share.

In Australia, coated arc-welding electrode consumption shrank by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Papua New Guinea (+% per year) and New Zealand (-% per year).

In value terms, Australia ($) led the market, alone. The second position in the ranking was held by Papua New Guinea ($). It was followed by New Zealand.

In Australia, the coated arc-welding electrode market contracted by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Papua New Guinea (+% per year) and New Zealand (-% per year).

In No countries coated arc-welding electrode per capita consumption remained relatively stable over the period from 2007-.


Market Forecast
Depressed by shrinking demand for coated arc-welding electrode in Australia and Oceania, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .