HS Code:
This category refers to round wire with a diameter of less than or equal to 1.6 mm, containing by weight less than 0.20% carbon, more than 0.9% manganese, and more than 0.6% silicon, specifically suitable for electric arc welding. Typically classified under HS Code 7229.20 or related subheadings, this product is used in industrial welding applications, including construction, automotive, and manufacturing sectors. Its composition ensures high strength and suitability for welding processes, making it a critical material in metalworking industries.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy sector
Increased use in wind turbine construction and other renewable infrastructure projects has boosted demand for specialized welding wire.
2021-2022
Shift towards automation in welding
Growing adoption of robotic welding systems in manufacturing has led to higher demand for precision welding wires with specific compositions.
2020-2022
Fluctuating raw material prices
Volatility in steel and alloy prices has affected production costs, influencing global trade prices and competitiveness.
2022
The European Union imposed anti-dumping duties ranging from 8% to 12% on welding wire imports from China to protect domestic manufacturers.
March 2023
This has led to a shift in trade flows, with some EU buyers sourcing from South Korea and Japan instead.
Revised rules of origin under the USMCA have tightened requirements for steel-based products, affecting welding wire trade among the US, Canada, and Mexico.
July 2022
Increased compliance costs for exporters but potential growth for North American producers.
New low-carbon welding wire formulations with enhanced silicon and manganese content have been introduced, meeting stricter environmental standards.
September 2023
Likely to increase market share for manufacturers adopting green technologies, especially in Europe.