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Brazil - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Cored Arc-welding Wire in Brazil Drops by 10%, Reaching $2,326 per Ton
Brazil Cored Arc-Welding Wire Import Price in June 2023
In June 2023, the cored arc-welding wire price amounted to $2,326 per ton (CIF, Brazil), reducing by -10.1% against the previous month. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 36% month-to-month. Over the period under review, average import prices reached the peak figure at $3,291 per ton in June 2022; however, from July 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 South Korea ($2,301 per ton), while the price for China ($1,382 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 Vietnam (-1.5%), while the prices for the other major suppliers experienced a decline.
![Brazil Cored Arc-Welding Wire Import Prices By Country (USD Per Ton)](/landing/img/charts/brazil-cored-arc-welding-wire-price-in-june-2023-840w.png)
Brazil Cored Arc-Welding Wire Imports
Cored arc-welding wire imports into Brazil surged to 1.1K tons in June 2023, growing by 44% on May 2023. In general, total imports indicated a buoyant expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +7.7% 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 +97.4% against March 2023 indices. The most prominent rate of growth was recorded in July 2022 when imports increased by 98% against the previous month. Imports peaked in June 2023.
In value terms, cored arc-welding wire imports soared to $2.5M (IndexBox estimates) in June 2023. Overall, total imports indicated a pronounced expansion from June 2022 to June 2023: its value increased at an average monthly rate of +4.7% 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 +57.3% against December 2022 indices. The pace of growth was the most pronounced in July 2022 when imports increased by 56% m-o-m. Over the period under review, imports attained the maximum in June 2023.
Brazil Cored Arc-Welding Wire Imports by Country
In June 2023, China (756 tons) constituted the largest supplier of cored arc-welding wire to Brazil, accounting for a 71% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, South Korea (173 tons), fourfold. Vietnam (74 tons) ranked third in terms of total imports with a 7% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China totaled +10.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+3.8% per month) and Vietnam (-0.4% per month).
In value terms, China ($1M) constituted the largest supplier of cored arc-welding wire to Brazil, comprising 42% of total imports. The second position in the ranking was taken by South Korea ($398K), with a 16% share of total imports. It was followed by Austria, with an 8.9% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from China stood at +7.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-0.3% per month) and Austria (+19.7% per month).
This report provides an in-depth analysis of the cored arc-welding wire market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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