The 2023 data indicates that Austria leads European exports of base metal-coated electrodes for electric arc-welding with a considerable 22.52% share in kilograms, benefitting from a strong 16.03% year-on-year growth. Czechia and Hungary follow, though Hungary faced a slight decline. Notable decrements occurred in Italy, Belgium, and Lithuania, whereas Luxembourg, Finland, Estonia, and Croatia experienced substantial increases. Over the last five years, the CAGR suggests steady growth in Austria and fluctuating trends across other countries.
Future trends to watch include:
- Austria's continued market dominance and potential expansion in Eastern Europe.
- Recovery efforts in countries like Italy and Belgium after significant export declines.
- Continued growth in smaller markets like Luxembourg and Finland, propelled by innovation and new market strategies.
Top countries in Export of Base Metal Coated Electrodes for Electric Arc-Welding Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 22.52 | 2023 | +24.17% | +16.03% | View data |
| 2 | 2 Czechia | 19.19 | 2023 | |||
| 3 | 3 Hungary | 18.67 | 2023 | -0.34% | -1.34% | View data |
| 4 | 4 Sweden | 8.45 | 2023 | -1.33% | -2.69% | View data |
| 5 | 5 Romania | 6.32 | 2023 | -1.31% | +1% | View data |
| 6 | 6 Netherlands | 3.51 | 2023 | -0.41% | +0.93% | View data |
| 7 | 7 Poland | 3.43 | 2023 | +2.17% | +3.37% | View data |
| 8 | 8 Italy | 3.03 | 2023 | -16.11% | -11.73% | View data |
| 9 | 9 France | 2.73 | 2023 | +0.7% | -2.29% | View data |
| 10 | 10 Slovenia | 2.51 | 2023 | -2.02% | -3.11% | View data |
