MERCOSUR: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in MERCOSUR

In 2023, the MERCOSUR coated arc-welding electrode market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Coated Arc-Welding Electrode Production in MERCOSUR

In value terms, coated arc-welding electrode production dropped slightly to $X in 2023 estimated in export price. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Coated Arc-Welding Electrode Exports

Exports in MERCOSUR

In 2023, the amount of coated base metal electrodes for electric arc-welding exported in MERCOSUR fell to X tons, dropping by X% against 2022. Over the period under review, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode exports contracted slightly to $X in 2023. In general, exports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Brazil (X tons) represented the main exporter of coated base metal electrodes for electric arc-welding, mixing up X% of total exports. It was distantly followed by Peru (X tons), Colombia (X tons) and Chile (X tons), together committing a X% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest coated arc-welding electrode supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Coated Arc-Welding Electrode Imports

Imports in MERCOSUR

In 2023, approx. X tons of coated base metal electrodes for electric arc-welding were imported in MERCOSUR; surging by X% compared with the previous year's figure. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, coated arc-welding electrode imports stood at $X in 2023. Total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Brazil (X tons) represented the main importer of coated base metal electrodes for electric arc-welding, constituting X% of total imports. It was distantly followed by Peru (X tons), Ecuador (X tons), Chile (X tons), Venezuela (X tons) and Argentina (X tons), together comprising a X% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the coated base metal electrodes for electric arc-welding imports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Paraguay, Ecuador and Argentina experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Peru (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Paraguay (X p.p.), Argentina (X p.p.), Ecuador (X p.p.) and Venezuela (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform