Argentina: Plaster Article Market 2024

Plaster Article Market Size in Argentina

After three years of growth, the Argentinian plaster article market decreased by -4.3% to $X in 2021. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.9% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Plaster Article Production in Argentina

In value terms, plaster article production reduced to $X in 2021 estimated in export price. In general, production recorded modest growth. The pace of growth was the most pronounced in 2018 with an increase of 48%. Plaster article production peaked at $X in 2020, and then fell in the following year.

Plaster Article Exports

Exports from Argentina

In 2021, plaster article exports from Argentina fell to X tons, which is down by -13.2% on the previous year's figure. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 159% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plaster article exports dropped significantly to $X in 2021. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 85% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for plaster article exports from Argentina, accounting for a 64% share of total exports. Moreover, plaster article exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), fourfold. Paraguay (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-24.5% per year) and Paraguay (+0.4% per year).

In value terms, Uruguay ($X) remains the key foreign market for plaster article exports from Argentina, comprising 71% of total exports. The second position in the ranking was held by Paraguay ($X), with an 18% share of total exports. It was followed by Chile, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+0.1% per year) and Chile (-30.0% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, shrinking by -7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Argentina

In 2021, purchases abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a pronounced decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plaster article imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of plaster article to Argentina, with a 57% share of total imports. Moreover, plaster article imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +268.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Chile (+27.4% per year).

In value terms, the largest plaster article suppliers to Argentina were Brazil ($X), China ($X) and Chile ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +235.6%, saw the highest rates of growth with regard to 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 2021, the average plaster article import price amounted to $X per ton, falling by -23.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+63.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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