Latin America and the Caribbean: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Latin America and the Caribbean

In 2022, the Latin American coated arc-welding electrode market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a perceptible shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in Latin America and the Caribbean

In value terms, coated arc-welding electrode production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Coated Arc-Welding Electrode Exports

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in shipments abroad of coated base metal electrodes for electric arc-welding, when their volume decreased by X% to X tons. In general, exports continue to indicate a noticeable reduction. 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 2022, the exports failed to regain momentum.

In value terms, coated arc-welding electrode exports contracted to $X in 2022. Overall, exports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Brazil (X tons), Colombia (X tons), Peru (X tons) and Chile (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Guatemala (X tons), committing a X% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), together comprising X% of total exports. Peru, Guatemala, Chile and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Coated Arc-Welding Electrode Imports

Imports in Latin America and the Caribbean

In 2022, coated arc-welding electrode imports in Latin America and the Caribbean dropped to X tons, with a decrease of X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, coated arc-welding electrode imports expanded markedly to $X in 2022. The total import 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. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil (X tons), Peru (X tons), Ecuador (X tons), Bolivia (X tons), Argentina (X tons), Venezuela (X tons), Chile (X tons), Honduras (X tons), Mexico (X tons), Costa Rica (X tons), El Salvador (X tons) and Guatemala (X tons) represented roughly X% of total imports in 2022. Nicaragua (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Brazil ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Peru, with a CAGR of X%, 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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