Argentina: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Argentina

The Argentinian carbon dioxide market fell slightly to $X in 2022, waning by -4.9% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Carbon Dioxide Production in Argentina

In value terms, carbon dioxide production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15%. Carbon dioxide production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Carbon Dioxide Exports

Exports from Argentina

For the third consecutive year, Argentina recorded growth in overseas shipments of carbon dioxide, which increased by 90% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon dioxide exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a slight decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Uruguay (X tons) and Brazil (X tons) were the main destinations of carbon dioxide exports from Argentina, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +1.6%), while shipments for the other leaders experienced a decline.

In value terms, Chile ($X), Uruguay ($X) and Paraguay ($X) appeared to be the largest markets for carbon dioxide exported from Argentina worldwide, together accounting for 77% of total exports.

Uruguay, with a CAGR of -1.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average carbon dioxide export price amounted to $X per ton, which is down by -14.2% against the previous year. Overall, the export price saw a slight contraction. The growth pace was the most rapid in 2019 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($X per ton) and Brazil ($X per ton), while the average price for exports to Chile ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+0.8%), while the prices for the other major destinations experienced a decline.

Carbon Dioxide Imports

Imports into Argentina

In 2022, purchases abroad of carbon dioxide increased by 21% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 750% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, carbon dioxide imports expanded rapidly to $X in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 418%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Israel (X tons) constituted the largest supplier of carbon dioxide to Argentina, with a 64% share of total imports. Moreover, carbon dioxide imports from Israel exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was held by China (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Israel amounted to +92.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+43.3% per year) and China (+54.0% per year).

In value terms, Israel ($X) constituted the largest supplier of carbon dioxide to Argentina, comprising 56% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Israel totaled +67.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.4% per year) and Japan (+94.4% per year).

Import Prices by Country

In 2022, the average carbon dioxide import price amounted to $X per ton, which is down by -11.2% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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