Mexico - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cored Arc-welding Wire Plummet in Mexico to $3,631 per Ton
Mexico Cored Arc-Welding Wire Import Price in June 2023
In June 2023, the cored arc-welding wire price amounted to $3,631 per ton (CIF, Mexico), waning by -15.7% against the previous month. Over the period under review, the import price saw a mild decline. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 26% month-to-month. The import price peaked at $4,844 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: 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.
| COUNTRY | Import Price of Cored Arc-Welding Wire in Mexico (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| United States | 6,644 | 7,551 | 7,399 | 6,592 | 7,782 | 6,127 | 6,468 | 7,709 | 6,134 | 5,954 | 6,683 | 8,262 | 6,246 |
| South Korea | 3,504 | 3,268 | 3,249 | 3,938 | 3,125 | 3,347 | 3,442 | 3,881 | 3,648 | 2,933 | 2,628 | 2,523 | 3,290 |
| Vietnam | 2,372 | 2,513 | 2,307 | 2,236 | 2,598 | 2,099 | 1,507 | 1,690 | 1,514 | 1,736 | 1,407 | 1,382 | 1,603 |
| China | 1,965 | 1,850 | 1,808 | 1,732 | 1,623 | 1,468 | 1,639 | 1,541 | 1,355 | 1,325 | 1,981 | 1,350 | 1,493 |
| Average | 4,439 | 3,927 | 4,133 | 4,844 | 4,222 | 3,998 | 4,067 | 4,279 | 3,803 | 3,339 | 3,425 | 4,308 | 3,631 |
Mexico Cored Arc-Welding Wire Imports
In June 2023, imports of cored arc-welding wire into Mexico rose remarkably to 3.3K tons, increasing by 14% against the month before. Overall, total imports indicated a strong expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, imports decreased by -0.1% against March 2023 indices. The most prominent rate of growth was recorded in February 2023 when imports increased by 38% m-o-m.
In value terms, cored arc-welding wire imports contracted to $12M (IndexBox estimates) in June 2023. Over the period under review, total imports indicated a notable increase from June 2022 to June 2023: its value increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, imports increased by +43.2% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 with an increase of 49% month-to-month. As a result, imports attained the peak of $12M, and then shrank modestly in the following month.
Mexico Cored Arc-Welding Wire Imports by Country
the United States (1K tons), China (765 tons) and South Korea (751 tons) were the main suppliers of cored arc-welding wire imports to Mexico, together accounting for 77% of total imports. Vietnam lagged somewhat behind, accounting for a further 20%.
From June 2022 to June 2023, the biggest increases were in Vietnam (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United States ($6.4M) constituted the largest supplier of cored arc-welding wire to Mexico, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($2.5M), with a 21% share of total imports. It was followed by China, with a 9.6% share.
From June 2022 to June 2023, the average monthly growth rate of value from the United States stood at +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+12.1% per month) and China (-0.4% per month).
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
