In 2023, Italy led the European import share of base metal cored wire for electric arc-welding, followed closely by Spain and the Netherlands. Notably, Italy, Spain, and Portugal exhibited significant year-on-year growth rates, with Italy increasing by 5.81% and Spain by 7.93%. Estonian imports surged impressively at 17.87% growth year-on-year, whereas Romania saw a sharp decline of 10.81%. Over the past five years, growth has been modestly distributed with some fluctuations among smaller markets.
Looking ahead, several trends could shape the market landscape in 2024:
- Increased industrial production in Southern European countries might further boost import volumes.
- Market consolidation could occur as leading importing countries like Italy and Spain continue to expand their shares.
- Technological advancements in welding processes may drive innovation and impact import behaviors.
- Geopolitical stability and trade agreements within Europe may also influence future import trends.
Top countries in Import of Base Metal Cored Wire for Electric Arc-Welding Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11.91 | 2023 | +7.95% | +5.81% | View data |
| 2 | 2 Spain | 10.51 | 2023 | +17.68% | +7.93% | View data |
| 3 | 3 Netherlands | 9.7 | 2023 | +6.68% | +3.17% | View data |
| 4 | 4 Germany | 9.42 | 2023 | +7.76% | +1.85% | View data |
| 5 | 5 Sweden | 8.94 | 2023 | +4.21% | +1.75% | View data |
| 6 | 6 Czechia | 8.66 | 2023 | |||
| 7 | 7 France | 6.47 | 2023 | +1.53% | +1.36% | View data |
| 8 | 8 Poland | 6.44 | 2023 | -0.32% | +1.75% | View data |
| 9 | 9 Finland | 3.36 | 2023 | +3.98% | +3.11% | View data |
| 10 | 10 Slovakia | 3.21 | 2023 | +1.88% | -1.59% | View data |
