Argentina: Cement Clinker Market 2024

Cement Clinker Market Size in Argentina

The Argentinian cement clinker market fell slightly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cement Clinker Production in Argentina

In value terms, cement clinker production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Cement clinker production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Cement Clinker Exports

Exports from Argentina

In 2022, after six years of growth, there was significant decline in shipments abroad of cement clinker, when their volume decreased by -14.2% to X tons. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 500% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement clinker exports reduced rapidly to $X in 2022. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 173% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for cement clinker exports from Argentina, with a 55% share of total exports. Moreover, cement clinker exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-15.8% per year) and Bolivia (-16.9% per year).

In value terms, Uruguay ($X) remains the key foreign market for cement clinker exports from Argentina, comprising 63% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-14.3% per year) and Bolivia (-19.1% per year).

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, reducing by -6.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 726%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Bolivia ($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 Paraguay (+1.7%), while the prices for the other major destinations experienced a decline.

Cement Clinker Imports

Imports into Argentina

In 2022, approx. X tons of cement clinker were imported into Argentina; leveling off at 2021 figures. In general, imports continue to indicate a slight setback. The pace of growth was the most pronounced in 2013 when imports increased by 512%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports reduced to $X in 2022. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 480%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of cement clinker imports to Argentina, with a combined 100% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +8.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cement clinker suppliers to Argentina were Spain ($X), Peru ($X) and South Korea ($X), together accounting for 99% of total imports.

Among the main suppliers, Spain, with a CAGR of +8.2%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average cement clinker import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 6.8%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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