Argentina: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Argentina

In 2021, the Argentinian rolled bitumen articles market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Argentina

In value terms, rolled bitumen articles production rose sharply to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable slump. Rolled bitumen articles production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports from Argentina

Rolled bitumen articles exports from Argentina contracted to X square meters in 2021, reducing by -11.3% against 2020. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 7.7%. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, rolled bitumen articles exports contracted to $X in 2021. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 9.6%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X square meters) was the main destination for rolled bitumen articles exports from Argentina, with a 65% share of total exports. Moreover, rolled bitumen articles exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X square meters), fourfold. Paraguay (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-14.9% per year) and Paraguay (-6.6% per year).

In value terms, Uruguay ($X) remains the key foreign market for articles of bitumen in rolls exports from Argentina, comprising 60% of total exports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total exports. It was followed by Paraguay, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-19.5% per year) and Paraguay (-10.7% per year).

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, increasing by 3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5.8%. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per square meter) and Brazil ($X per square meter), while the average price for exports to Uruguay ($X per square meter) and Paraguay ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-1.1%), while the prices for the other major destinations experienced a decline.

Rolled Bitumen Articles Imports

Imports into Argentina

In 2021, approx. X square meters of articles of bitumen in rolls were imported into Argentina; with a decrease of -74.5% compared with the previous year. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 4,061% against the previous year. As a result, imports reached the peak of X square meters, and then reduced markedly in the following year.

In value terms, rolled bitumen articles imports declined notably to $X in 2021. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 2,737% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest rolled bitumen articles supplier to Argentina, with a 61% share of total imports. Moreover, rolled bitumen articles imports from Italy exceeded the figures recorded by the second-largest supplier, Brazil (X square meters), threefold. The third position in this ranking was held by China (X square meters), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+114.8% per year) and China (+198.8% per year).

In value terms, the largest rolled bitumen articles suppliers to Argentina were Brazil ($X), Italy ($X) and the United States ($X), together accounting for 81% of total imports. These countries were followed by China and France, which together accounted for a further 17%.

Among the main suppliers, China, with a CAGR of +170.3%, 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

The average rolled bitumen articles import price stood at $X per square meter in 2021, with an increase of 2.9% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 167% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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