Report Update: Apr 29, 2024

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

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Cored Arc-Welding Wire Price in Peru - 2021

Cored Arc-Welding Wire Price in Peru (CIF) - 2021

In April 2020, the average cored arc-welding wire import price amounted to $2,209 per ton, which is down by -14.4% against the previous month. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in March 2020 an increase of 0.9% month-to-month. The import price peaked at $2,608 per ton in January 2020; however, from February 2020 to April 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the United States ($2,694 per ton), while the price for China ($1,335 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 South Korea (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Cored Arc-Welding Wire Price in Peru (FOB) - 2022

In 2022, the average cored arc-welding wire export price amounted to $3,826 per ton, jumping by 69% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The export price peaked at $5,531 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($26,600 per ton), while the average price for exports to Panama ($977 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 Chile (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports in Peru

In 2022, the amount of cored arc-welding wire imported into Peru reduced markedly to 2.4K tons, waning by -26.9% on the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. As a result, imports reached the peak of 3.3K tons, and then plummeted in the following year.

In value terms, cored arc-welding wire imports contracted notably to $6.7M in 2022. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 113%. As a result, imports reached the peak of $9.1M, and then dropped sharply in the following year.

Import of Cored Arc-Welding Wire in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	793	704	2,456	2,028	36.8%
United States	2,746	1,713	2,817	1,619	-16.1%
South Korea	1,313	956	1,731	1,429	2.9%
Brazil	21.4	138	167	299	140.9%
Czech Republic	18.8	18.5	18.5	159	103.7%
Taiwan (Chinese)	363	68.4	113	126	-29.7%
Others	763	690	1,814	1,041	10.9%
Total	6,018	4,288	9,116	6,702	3.7%

Top Suppliers of Cored Arc-Welding Wire to Peru in 2022:

China (1161.0 tons)
South Korea (604.0 tons)
United States (298.6 tons)
Taiwan (Chinese) (80.3 tons)
Brazil (66.5 tons)
Czech Republic (55.9 tons)

Cored Arc-Welding Wire Exports in Peru

After three years of growth, shipments abroad of cored arc-welding wire decreased by -64.8% to 30 tons in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 507%. As a result, the exports attained the peak of 87 tons, and then fell sharply in the following year.

In value terms, cored arc-welding wire exports shrank markedly to $116K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 425%. As a result, the exports reached the peak of $196K, and then contracted markedly in the following year.

Export of Cored Arc-Welding Wire in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	1.5	8.0	52.3	36.9	190.8%
Italy	14.0	16.6	112	18.1	8.9%
Bolivia	4.5	0.5	3.4	17.5	57.3%
Ecuador	3.1	3.0	10.6	13.5	63.3%
Free Zones	2.5	2.2	4.3	7.2	42.3%
Costa Rica	0.3	0.4	1.3	1.6	74.7%
Panama	0.5	0.4	1.1	1.4	40.9%
Others	11.0	6.1	11.1	20.3	22.7%
Total	37.5	37.3	196	116	45.7%

Top Export Markets for Cored Arc-Welding Wire from Peru in 2022:

Italy (18.4 tons)
Chile (2.9 tons)
Ecuador (2.7 tons)
Free Zones (2.2 tons)
Bolivia (1.9 tons)
Panama (1.4 tons)
Costa Rica (0.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cored arc-welding wire 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 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:

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

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.

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