Brazil: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Brazil

In 2021, the Brazilian cored arc-welding wire market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cored Arc-Welding Wire Production in Brazil

In value terms, cored arc-welding wire production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.6% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 54%. Cored arc-welding wire production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Cored Arc-Welding Wire Exports

Exports from Brazil

In 2021, cored arc-welding wire exports from Brazil soared to X tons, rising by 25% against the previous year's figure. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cored arc-welding wire exports rose notably to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for cored arc-welding wire exports from Brazil, accounting for a 45% share of total exports. Moreover, cored arc-welding wire exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X tons), fourfold. The third position in this ranking was taken by Peru (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+32.2% per year) and Peru (-5.9% per year).

In value terms, the largest markets for cored arc-welding wire exported from Brazil were Argentina ($X), Bolivia ($X) and Chile ($X), with a combined 55% share of total exports.

Bolivia, with a CAGR of +39.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cored arc-welding wire export price stood at $X per ton in 2021, with a decrease of -10.5% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 33%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Brazil

In 2021, approx. X tons of cored arc-welding wire were imported into Brazil; picking up by 49% on the previous year. In general, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight decline. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of cored arc-welding wire imports to Brazil, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest cored arc-welding wire suppliers to Brazil, with a combined 74% share of total imports. The United States and Vietnam lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Vietnam, with a CAGR of +13.8%, saw the highest growth rate of 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

In 2021, the average cored arc-welding wire import price amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :