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Jun 11, 2025

Africa's Cored Arc-Welding Wire Market to See Steady Growth with +1.5% CAGR Forecasted - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Africa - Base Metal Cored Wire For Electric Arc-Welding

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IndexBox has just published a new report: Africa - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights.

The African cored arc-welding wire market is experiencing increasing demand and is expected to continue growing at a CAGR of +1.5% in volume and +2.0% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 48K tons and the market value is forecasted to hit $152M in nominal prices.

Driven by increasing demand for cored arc-welding wire in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 48K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $152M (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of cored arc-welding wire increased by 1.9% to 40K tons, rising for the fourth year in a row after four years of decline. The total consumption volume increased at an average annual rate of +1.5% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, consumption attained the peak volume in 2024 and is expected to retain growth in the immediate term.

The revenue of the cored arc-welding wire market in Africa declined to $122M in 2024, dropping by -8.2% 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). The market value increased at an average annual rate of +1.9% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $133M, and then dropped in the following year.

The countries with the highest volumes of consumption in 2024 were Egypt (15K tons), Kenya (8.7K tons) and Mali (2.8K tons), with a combined 65% share of total consumption.

From 2013 to 2024, the biggest increases were recorded for Mali (with a CAGR of +2.1%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest cored arc-welding wire markets in Africa were Egypt ($36M), Kenya ($31M) and Mali ($9.8M), together accounting for 62% of the total market. Benin, Central African Republic, South Africa and Rwanda lagged somewhat behind, together comprising a further 23%.

Benin, with a CAGR of +4.5%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of cored arc-welding wire per capita consumption in 2024 were Central African Republic (352 kg per 1000 persons), Benin (182 kg per 1000 persons) and Rwanda (164 kg per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Egypt (with a CAGR of -0.1%), while consumption for the other leaders experienced a decline in the per capita consumption figures.

Cored arc-welding wire production amounted to 31K tons in 2024, growing by 8.6% on the previous year. The total output volume increased at an average annual rate of +1.3% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak volume in 2024 and is expected to retain growth in the immediate term.

In value terms, cored arc-welding wire production dropped slightly to $95M in 2024 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $98M in 2023, and then shrank slightly in the following year.

The countries with the highest volumes of production in 2024 were Egypt (13K tons), Kenya (8.1K tons) and Mali (2.7K tons), together comprising 76% of total production.

From 2013 to 2024, the biggest increases were recorded for Mali (with a CAGR of +2.1%), while production for the other leaders experienced more modest paces of growth.

In 2024, after four years of growth, there was significant decline in purchases abroad of cored arc-welding wire, when their volume decreased by -15.9% to 9.5K tons. The total import volume increased at an average annual rate of +2.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at 11K tons in 2023, and then dropped remarkably in the following year.

In value terms, cored arc-welding wire imports reduced notably to $31M in 2024. Total imports indicated a perceptible expansion from 2013 to 2024: its value increased at an average annual rate of +4.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +48.2% against 2019 indices. The most prominent rate of growth was recorded in 2023 when imports increased by 25%. As a result, imports attained the peak of $38M, and then shrank notably in the following year.

In 2024, South Africa (2.9K tons) and Egypt (2.3K tons) were the key importers of cored arc-welding wire in Africa, together finishing at approx. 54% of total imports. Kenya (547 tons) ranks next in terms of the total imports with a 5.8% share, followed by Nigeria (5.2%). Algeria (333 tons), Democratic Republic of the Congo (234 tons), Tanzania (234 tons), Morocco (229 tons), Zimbabwe (209 tons) and Ghana (193 tons) held a relatively small share of total imports.

From 2013 to 2024, the biggest increases were recorded for Zimbabwe (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($9M), South Africa ($6.5M) and Nigeria ($3.2M) constituted the countries with the highest levels of imports in 2024, with a combined 60% share of total imports.

Among the main importing countries, Nigeria, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the import price in Africa amounted to $3,298 per ton, shrinking by -2.5% against the previous year. Import price indicated slight growth from 2013 to 2024: its price increased at an average annual rate of +1.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, cored arc-welding wire import price decreased by -6.5% against 2022 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by 23%. Over the period under review, import prices attained the peak figure at $3,526 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($6,499 per ton), while Zimbabwe ($2,007 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Nigeria (+9.5%), while the other leaders experienced more modest paces of growth.

In 2024, cored arc-welding wire exports in Africa shrank notably to 318 tons, falling by -19.8% on 2023. Overall, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2022 with an increase of 221% against the previous year. As a result, the exports reached the peak of 559 tons. From 2023 to 2024, the growth of the exports failed to regain momentum.

In value terms, cored arc-welding wire exports shrank rapidly to $1.5M in 2024. In general, exports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2022 when exports increased by 205% against the previous year. As a result, the exports reached the peak of $2.4M. From 2023 to 2024, the growth of the exports remained at a lower figure.

In 2024, South Africa (160 tons) was the main exporter of cored arc-welding wire, committing 50% of total exports. Morocco (52 tons) held the second position in the ranking, followed by Rwanda (41 tons) and Egypt (35 tons). All these countries together held approx. 40% share of total exports. Algeria (7.4 tons) took a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of cored arc-welding wire. At the same time, Rwanda (+66.9%), Morocco (+62.5%) and Algeria (+36.3%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of +66.9% from 2013-2024. By contrast, Egypt (-8.2%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Morocco, Rwanda, Egypt and Algeria increased by +16, +13, +11 and +2.3 percentage points, respectively.

In value terms, South Africa ($903K) remains the largest cored arc-welding wire supplier in Africa, comprising 59% of total exports. The second position in the ranking was taken by Morocco ($269K), with an 18% share of total exports. It was followed by Egypt, with a 13% share.

In South Africa, cored arc-welding wire exports remained relatively stable over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+57.3% per year) and Egypt (+6.0% per year).

The export price in Africa stood at $4,793 per ton in 2024, waning by -13.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 30%. The level of export peaked at $5,538 per ton in 2023, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Algeria ($7,342 per ton), while Rwanda ($477 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cored arc-welding wire market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles