Report Update: Apr 9, 2024

Peru - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights

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Coated Arc-Welding Electrode Price in Peru - 2021

Coated Arc-Welding Electrode Price in Peru (CIF) - 2021

In April 2020, the average coated arc-welding electrode import price amounted to $1,883 per ton, which is down by -15% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2020 an increase of 13% month-to-month. As a result, import price attained the peak level of $2,214 per ton, and then shrank in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($7,949 per ton), while the price for Chile ($1,298 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Brazil (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Coated Arc-Welding Electrode Price in Peru (FOB) - 2021

The average coated arc-welding electrode export price stood at $2,143 per ton in March 2020, increasing by 22% against the previous month. Over the last two months, it increased at an average monthly rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In March 2020, the country with the highest price was Bolivia ($2,207 per ton), while the average price for exports to Ecuador amounted to $1,652 per ton.

From January 2020 to March 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

Coated Arc-Welding Electrode Imports in Peru

For the fourth consecutive year, Peru recorded growth in overseas purchases of coated base metal electrodes for electric arc-welding, which increased by 21% to 6.3K tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, coated arc-welding electrode imports skyrocketed to $18M in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Coated Arc-Welding Electrode in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	2.7	2.9	3.1	4.3	16.8%
Mexico	0.4	0.5	2.2	3.6	108.0%
Colombia	0.6	0.6	1.5	2.8	67.1%
China	0.9	1.8	1.8	2.8	46.0%
Chile	1.6	1.7	1.7	2.1	9.5%
India	0.1	0.1	0.1	0.4	58.7%
South Korea	0.3	0.3	N/A	0.1	-30.7%
Others	1.2	0.9	1.2	2.0	18.6%
Total	7.8	8.8	11.6	18.0	32.1%

Top Suppliers of Coated Arc-Welding Electrode to Peru in 2022:

Brazil (1519.0 tons)
China (1346.1 tons)
Chile (1116.9 tons)
Mexico (937.2 tons)
Colombia (850.3 tons)
India (150.4 tons)
South Korea (13.2 tons)

Coated Arc-Welding Electrode Exports in Peru

In 2022, the amount of coated base metal electrodes for electric arc-welding exported from Peru declined notably to 3.7K tons, with a decrease of -24.8% against the year before. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of 4.9K tons, and then dropped rapidly in the following year.

In value terms, coated arc-welding electrode exports contracted rapidly to $8M in 2022. In general, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 66%. As a result, the exports reached the peak of $9.8M, and then declined remarkably in the following year.

Export of Coated Arc-Welding Electrode in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	2.8	1.5	3.3	4.0	12.6%
Bolivia	3.5	2.7	3.6	2.4	-11.8%
Chile	1.3	1.4	2.9	1.4	2.5%
Others	0.2	0.2	N/A	0.1	-20.6%
Total	7.7	5.9	9.8	8.0	1.3%

Top Export Markets for Coated Arc-Welding Electrode from Peru in 2022:

Ecuador (1991.5 tons)
Bolivia (968.7 tons)
Chile (740.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the coated arc-welding electrode market in Peru. 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.

Product coverage:

Prodcom 25931510 - Base metal coated electrodes for electric arc-welding

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023