Brazil: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Brazil

The Brazilian cored arc-welding wire market contracted to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Brazil

In value terms, cored arc-welding wire production fell to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Cored arc-welding wire production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Brazil

Cored arc-welding wire exports from Brazil surged to X tons in 2022, increasing by X% compared with the previous year. Over the period under review, exports, however, showed a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for cored arc-welding wire exports from Brazil, with a X% share of total exports. Moreover, cored arc-welding wire exports to Argentina exceeded the volume sent to the second major destination, Peru (X tons), twofold. The third position in this ranking was taken by Singapore (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Singapore (X% per year).

In value terms, Argentina ($X) remains the key foreign market for cored arc-welding wire exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and India (X% per year).

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cored arc-welding wire export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Brazil

Cored arc-welding wire imports into Brazil expanded slightly to X tons in 2022, surging by X% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cored arc-welding wire imports shrank modestly to $X in 2022. In general, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cored arc-welding wire supplier to Brazil, with a X% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, China ($X), South Korea ($X) and the United States ($X) appeared to be the largest cored arc-welding wire suppliers to Brazil, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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