In 2023, the re-import of coated electrodes for electric arc-welding to France was higher than the forecasted figures starting in 2024. The forecast indicates a declining trend from 2.4 thousand kilograms in 2024 to 1.44 thousand kilograms by 2028. Year-on-year, the volume is expected to decrease by approximately 10% from 2024 to 2025, 11.2% from 2025 to 2026, 12.6% from 2026 to 2027, and 13.8% from 2027 to 2028. The five-year compound annual growth rate (CAGR) is negative as it signifies a consistent decline.
Future trends to watch for include:
- Technological advancements which may reduce the reliance on coated electrodes.
- Shifts towards alternative welding methods and materials.
- Potential policy changes influencing trade and import dynamics.
- Fluctuations in global demand and steel production impacting the industry.
