Argentina: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Argentina

After three years of growth, the Argentinian bituminous mixtures market decreased by -5.7% to $X in 2021. In general, consumption saw a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bituminous Mixtures Production in Argentina

In value terms, bituminous mixtures production shrank to $X in 2021 estimated in export price. Overall, production showed a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of 51% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports from Argentina

In 2021, overseas shipments of bituminous mixtures increased by 17% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 781% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, bituminous mixtures exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,797% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for bituminous mixtures exports from Argentina, with a 85% share of total exports. Moreover, bituminous mixtures exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), eightfold. The third position in this ranking was held by Bolivia (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay totaled +77.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+8.9% per year) and Bolivia (-2.9% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for bituminous mixtures exports from Argentina, comprising 87% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 6.6% share of total exports. It was followed by Bolivia, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+6.4% per year) and Bolivia (+1.0% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, increasing by 35% against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 115%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($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 Paraguay (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into Argentina

For the fourth year in a row, Argentina recorded decline in overseas purchases of bituminous mixtures, which decreased by -80.9% to X tons in 2021. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 2,495% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports shrank sharply to $X in 2021. Overall, imports faced a deep downturn. The growth pace was the most rapid in 2017 with an increase of 2,541%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Uruguay (X tons) and the United Arab Emirates (X tons) were the main suppliers of bituminous mixtures imports to Argentina, together comprising 90% of total imports. China and Brazil lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of bituminous mixtures to Argentina, comprising 57% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-12.4% per year) and the United Arab Emirates (-0.4% per year).

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, growing by 20% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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