Argentina: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Argentina

The Argentinian market for raw steel and steel semi-finished products was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Argentina

In value terms, production of raw steel and steel semi-finished products skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Argentina

In 2021, after six years of decline, there was significant growth in overseas shipments of raw steel and steel semi-finished products, when their volume increased by 419% to X tons. Overall, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for exports of raw steel and steel semi-finished products from Argentina, with a 79% share of total exports. Moreover, exports of raw steel and steel semi-finished products to Canada exceeded the volume sent to the second major destination, Brazil (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+11.2% per year) and Mexico (-7.8% per year).

In value terms, Canada ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Argentina, comprising 87% of total exports. The second position in the ranking was held by Brazil ($X), with a 6.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+9.0% per year) and Mexico (-12.6% per year).

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2021, rising by 55% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($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 Canada (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Argentina

In 2021, overseas purchases of raw steel and steel semi-finished products increased by 295% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 974%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 762% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest raw steel and steel semi-finished products supplier to Argentina, accounting for a 72% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Brazil exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), eightfold. The third position in this ranking was taken by Uruguay (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+85.5% per year) and Uruguay (+29.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of raw steel and steel semi-finished products to Argentina, comprising 49% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 19% share of total imports. It was followed by Uruguay, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+94.3% per year) and Uruguay (+26.3% per year).

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2021, rising by 47% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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