Colombia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Colombia

The Colombian cored arc-welding wire market skyrocketed to $X in 2021, surging by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Colombia

In 2021, overseas shipments of cored arc-welding wire were finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2016 with an increase of 169%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, cored arc-welding wire exports skyrocketed to $X in 2021. In general, exports continue to indicate a temperate expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for cored arc-welding wire exports from Colombia, accounting for a 88% share of total exports. Moreover, cored arc-welding wire exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.1% per year) and Venezuela (+0.9% per year).

In value terms, Ecuador ($X) remains the key foreign market for cored arc-welding wire exports from Colombia, comprising 79% of total exports. The second position in the ranking was taken by Peru ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+6.8% per year) and Venezuela (+2.3% per year).

Export Prices by Country

In 2021, the average cored arc-welding wire export price amounted to $X per ton, with an increase of 21% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 182% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Venezuela ($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 Argentina (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Colombia

In 2021, supplies from abroad of cored arc-welding wire increased by 2.1% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 54% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cored arc-welding wire imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 58%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest cored arc-welding wire supplier to Colombia, with a 55% 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), fivefold. The United States (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+31.7% per year) and the United States (-9.5% per year).

In value terms, the largest cored arc-welding wire suppliers to Colombia were China ($X), the United States ($X) and South Korea ($X), with a combined 66% share of total imports.

South Korea, with a CAGR of +35.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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 25% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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