Argentina: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Argentina

The Argentinian steel and iron articles market declined remarkably to $X in 2022, reducing by -98.7% 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). In general, consumption faced a precipitous slump. Steel and iron articles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Articles Of Iron Or Steel

Exports from Argentina

In 2022, shipments abroad of articles of iron or steel increased by 72% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel and iron articles exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for steel and iron articles exports from Argentina, with a 59% share of total exports. Moreover, steel and iron articles exports to Brazil exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.8% per year) and Thailand (+43.4% per year).

In value terms, Brazil ($X) remains the key foreign market for articles of iron or steel exports from Argentina, comprising 41% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.8% per year) and Thailand (+47.6% per year).

Export Prices by Country

In 2022, the average steel and iron articles export price amounted to $X per ton, which is down by -17.3% against the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Germany (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Argentina

In 2022, steel and iron articles imports into Argentina contracted markedly to X tons, declining by -23.1% compared with the previous year. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, steel and iron articles imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Germany (X tons) were the main suppliers of steel and iron articles imports to Argentina, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel and iron articles suppliers to Argentina were China ($X), the United States ($X) and Brazil ($X), together comprising 48% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.3%, recorded 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 steel and iron articles import price stood at $X per ton in 2022, surging by 47% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 48%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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