Argentina: Agglomerated Powder Rod Market 2025

Agglomerated Powder Rod Market Size in Argentina

In 2021, the Argentinian agglomerated powder rod market increased by 83% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +103.3% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Agglomerated Powder Rod Exports

Exports from Argentina

In 2021, after two years of growth, there was significant decline in overseas shipments of base metal wire and rods of agglomerated base powder, when their volume decreased by -61.9% to X tons. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 280%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, agglomerated powder rod exports declined significantly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 309%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for agglomerated powder rod exports from Argentina, accounting for a 90% share of total exports. Moreover, agglomerated powder rod exports to the United States exceeded the volume sent to the second major destination, Peru (X kg), more than tenfold. Uruguay (X kg) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+10.2% per year) and Uruguay (-13.3% per year).

In value terms, the United States ($X) remains the key foreign market for base metal wire and rods of agglomerated base powder exports from Argentina, comprising 49% of total exports. The second position in the ranking was held by Peru ($X), with a 24% share of total exports. It was followed by Uruguay, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+4.4% per year) and Uruguay (-11.7% per year).

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 97%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to Venezuela ($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 the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into Argentina

Agglomerated powder rod imports into Argentina surged to X tons in 2021, increasing by 43% compared with 2020. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agglomerated powder rod imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of agglomerated powder rod to Argentina, with a 63% share of total imports. Moreover, agglomerated powder rod imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.0% per year) and South Korea (+55.6% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) appeared to be the largest agglomerated powder rod suppliers to Argentina, with a combined 61% share of total imports. Italy, Germany, Singapore, Peru and South Korea lagged somewhat behind, together accounting for a further 12%.

Singapore, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 agglomerated powder rod import price amounted to $X per ton, surging by 32% against the previous year. Overall, the import price, however, recorded a pronounced descent. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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