Mexico - 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 Mexico - 2023
Contents:
- Cored Arc-Welding Wire Price in Mexico (CIF) - 2023
- Cored Arc-Welding Wire Price in Mexico (FOB) - 2022
- Cored Arc-Welding Wire Imports in Mexico
- Cored Arc-Welding Wire Exports in Mexico
Cored Arc-Welding Wire Price in Mexico (CIF) - 2023
The average cored arc-welding wire import price stood at $3,631 per ton in June 2023, shrinking by -15.7% against the previous month. Over the period under review, the import price recorded a mild curtailment. The pace of growth was the most pronounced in May 2023 an increase of 26% against the previous month. Over the period under review, average import prices reached the peak figure at $4,844 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($6,246 per ton), while the price for China ($1,493 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.
Cored Arc-Welding Wire Price in Mexico (FOB) - 2022
In 2022, the average cored arc-welding wire export price amounted to $4,428 per ton, declining by -2.7% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. The export price peaked at $6,955 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,941 per ton), while the average price for exports to Nicaragua ($3,425 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced a decline.
Cored Arc-Welding Wire Imports in Mexico
In 2022, imports of cored arc-welding wire into Mexico surged to 24K tons, jumping by 17% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.8% 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 +72.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cored arc-welding wire imports surged to $103M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +94.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Cored Arc-Welding Wire in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 48.3 | 31.8 | 42.7 | 58.3 | 6.5% |
South Korea | 5.7 | 3.1 | 8.1 | 15.2 | 38.7% |
China | 5.6 | 5.8 | 11.0 | 14.8 | 38.3% |
Vietnam | 2.7 | 4.3 | 5.2 | 5.4 | 26.0% |
Japan | 3.2 | 1.9 | 3.2 | 2.6 | -6.7% |
Others | 8.9 | 5.9 | 4.7 | 6.5 | -9.9% |
Total | 74.4 | 52.9 | 75.0 | 103 | 11.5% |
Top Suppliers of Cored Arc-Welding Wire to Mexico in 2022:
- United States (8.3K tons)
- China (7.9K tons)
- South Korea (4.6K tons)
- Vietnam (2.4K tons)
- Japan (0.5K tons)
Cored Arc-Welding Wire Exports in Mexico
In 2022, the amount of cored arc-welding wire exported from Mexico declined to 221 tons, approximately mirroring 2021. Overall, exports saw a precipitous decrease.
In value terms, cored arc-welding wire exports fell modestly to $980K in 2022. In general, exports showed a sharp decrease.
Export of Cored Arc-Welding Wire in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,371 | 1,228 | 672 | 500 | -28.6% |
Guatemala | 312 | 249 | 130 | 438 | 12.0% |
Nicaragua | 12.5 | 21.3 | N/A | 35.1 | 41.1% |
Colombia | 501 | 170 | 44.0 | N/A | -70.4% |
Others | 96.9 | 217 | 170 | 7.8 | -56.8% |
Total | 2,294 | 1,885 | 1,016 | 980 | -24.7% |
Top Export Markets for Cored Arc-Welding Wire from Mexico in 2022:
- Guatemala (124.9 tons)
- United States (84.1 tons)
- Nicaragua (10.3 tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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Cored Arc-Welding Wire imports peaked in 2023 and are expected to keep growing in the coming years, reaching a value of $116M.
In June 2023, the price of Cored Arc-Welding Wire was $3,631 per ton (CIF, Mexico), showing a decrease of 15.7% compared to the previous month.
Cored Arc-Welding Wire imports peaked in 2023 and are expected to keep growing in the coming years, reaching a value of $116M.
In June 2023, the price of Cored Arc-Welding Wire was $3,631 per ton (CIF, Mexico), showing a decrease of 15.7% compared to the previous month.