Argentina: Degras Market 2024

Degras Market Size in Argentina

In 2021, the Argentinian degras market increased by 3% to $X, rising for the fifth year in a row after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +58.1% against 2016 indices. Degras consumption peaked in 2021 and is likely to see gradual growth in years to come.

Degras Production in Argentina

In value terms, degras production expanded modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.8% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 48%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Degras Exports

Exports from Argentina

In 2021, exports of degras from Argentina dropped rapidly to X tons, falling by -51% compared with 2020. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 372%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, degras exports dropped remarkably to $X in 2021. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2019 when exports increased by 623% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for degras exports from Argentina, accounting for a 63% share of total exports. Moreover, degras exports to Spain exceeded the volume sent to the second major destination, Chile (X tons), threefold. The third position in this ranking was taken by Ecuador (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-36.3% per year) and Ecuador (-29.5% per year).

In value terms, Spain ($X) remains the key foreign market for degras exports from Argentina, comprising 79% of total exports. The second position in the ranking was taken by Chile ($X), with an 8.7% share of total exports. It was followed by Uruguay, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-31.8% per year) and Uruguay (0.0% per year).

Export Prices by Country

The average degras export price stood at $X per ton in 2021, rising by 20% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 77%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uruguay ($X per ton), while the average price for exports to Germany ($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 Netherlands (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Degras Imports

Imports into Argentina

After two years of decline, purchases abroad of degras increased by 129% to X tons in 2021. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 206%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, degras imports soared to $X in 2021. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 244%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Malaysia (X tons) and Uruguay (X tons) were the main suppliers of degras imports to Argentina, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of degras to Argentina, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 25% share of total imports. It was followed by Uruguay, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.4% per year) and Uruguay (-10.8% per year).

Import Prices by Country

In 2021, the average degras import price amounted to $X per ton, reducing by -40.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 78%. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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