Argentina: Alkyd Resins Market 2024

Alkyd Resins Market Size in Argentina

The Argentinian alkyd resins market fell to $X in 2022, reducing by -6.1% against the previous year. In general, consumption saw a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Alkyd Resins Production in Argentina

In value terms, alkyd resins production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. Alkyd resins production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Alkyd Resins Exports

Exports from Argentina

After two years of decline, overseas shipments of alkyd resins in primary forms increased by 41% to X tons in 2022. Overall, exports, however, saw a deep contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, alkyd resins exports surged to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Bolivia (X tons) were the main destinations of alkyd resins exports from Argentina, together comprising 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +7.1%), while the other leaders experienced a decline.

In value terms, the largest markets for alkyd resins exported from Argentina were Paraguay ($X), Uruguay ($X) and Bolivia ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +8.3%, 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 a decline.

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. 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 for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in overseas purchases of alkyd resins in primary forms, when their volume decreased by -22.3% to X tons. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 149%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, alkyd resins imports contracted sharply to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 179% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of alkyd resins to Argentina, accounting for a 66% share of total imports. Moreover, alkyd resins imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+4.2% per year) and the United States (-6.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of alkyd resins in primary forms to Argentina, comprising 71% of total imports. The second position in the ranking was held by Colombia ($X), with a 19% share of total imports. It was followed by the United Arab Emirates, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+5.6% per year) and the United Arab Emirates (-26.0% per year).

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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