Colombia - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in Colombia - 2022
Contents:
- Cored Arc-Welding Wire Price in Colombia (CIF) - 2022
- Cored Arc-Welding Wire Price in Colombia (FOB) - 2022
- Cored Arc-Welding Wire Imports in Colombia
- Cored Arc-Welding Wire Exports in Colombia
Cored Arc-Welding Wire Price in Colombia (CIF) - 2022
The average cored arc-welding wire import price stood at $5,049 per ton in February 2022, picking up by 101% against the previous month. Over the period under review, the import price recorded a buoyant increase. The pace of growth was the most pronounced in December 2021 when the average import price increased by 113% against the previous month. As a result, import price reached the peak level of $5,470 per ton. From January 2022 to February 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($18,190 per ton), while the price for China ($2,110 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cored Arc-Welding Wire Price in Colombia (FOB) - 2022
The average cored arc-welding wire export price stood at $11,070 per ton in 2022, declining by -5.8% against the previous year. In general, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 an increase of 182%. The export price peaked at $11,753 per ton in 2021, and then dropped in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($14,880 per ton), while the average price for exports to Ecuador totaled $10,841 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in Colombia
In 2022, after three years of growth, there was decline in purchases abroad of cored arc-welding wire, when their volume decreased by -1% to 2K tons. The total import volume increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year.
In value terms, cored arc-welding wire imports fell to $5.8M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $6.5M, and then declined in the following year.
| Import of Cored Arc-Welding Wire in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,622 | 1,708 | 1,663 | 1,666 | 0.9% |
| China | 1,231 | 1,309 | 1,942 | 1,664 | 10.6% |
| South Korea | 347 | 602 | 665 | 570 | 18.0% |
| Canada | 269 | 349 | 464 | 398 | 13.9% |
| Taiwan (Chinese) | 119 | 429 | 449 | 385 | 47.9% |
| Mexico | 283 | 92.9 | 445 | 382 | 10.5% |
| India | 72.7 | 55.7 | 340 | 291 | 58.8% |
| Others | 305 | 516 | 483 | 402 | 9.6% |
| Total | 4,249 | 5,063 | 6,452 | 5,757 | 10.7% |
Top Suppliers of Cored Arc-Welding Wire to Colombia in 2022:
- China (1120.5 tons)
- South Korea (218.1 tons)
- United States (195.9 tons)
- India (148.4 tons)
- Taiwan (Chinese) (120.2 tons)
- Canada (51.3 tons)
- Mexico (35.6 tons)
Cored Arc-Welding Wire Exports in Colombia
In 2022, approx. 13 tons of cored arc-welding wire were exported from Colombia; which is down by -24.2% on the previous year. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 94% against the previous year.
In value terms, cored arc-welding wire exports dropped markedly to $147K in 2022. Overall, exports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 134% against the previous year. As a result, the exports reached the peak of $206K, and then contracted remarkably in the following year.
| Export of Cored Arc-Welding Wire in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 89.9 | 56.5 | 162 | 136 | 14.8% |
| Venezuela | 4.5 | 8.1 | 6.1 | 10.2 | 31.4% |
| Argentina | 38.6 | N/A | N/A | N/A | 0% |
| Peru | N/A | 9.5 | 36.7 | N/A | 286.3% |
| Others | 3.2 | 13.9 | 0.8 | 0.6 | -42.8% |
| Total | 136 | 88.0 | 206 | 147 | 2.6% |
Top Export Markets for Cored Arc-Welding Wire from Colombia in 2022:
- Ecuador (12.5 tons)
- Venezuela (0.7 tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Colombia. 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 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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