Argentina: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Argentina

The Argentinian sodium carbonate market skyrocketed to $X in 2022, increasing by 21% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sodium Carbonate Production in Argentina

In value terms, sodium carbonate production contracted to $X in 2022 estimated in export price. Overall, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 18%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Sodium Carbonate Exports

Exports from Argentina

In 2022, shipments abroad of sodium carbonate was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 749% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sodium carbonate exports stood at $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 417%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for sodium carbonate exports from Argentina, with a 87% share of total exports. Moreover, sodium carbonate exports to Vietnam exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-1.6% per year) and Brazil (-26.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for sodium carbonate exports from Argentina, comprising 80% of total exports. The second position in the ranking was taken by Chile ($X), with an 11% share of total exports. It was followed by Brazil, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-1.6% per year) and Brazil (-23.7% per year).

Export Prices by Country

The average sodium carbonate export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Vietnam ($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 (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Carbonate Imports

Imports into Argentina

In 2022, overseas purchases of sodium carbonate increased by 88% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium carbonate imports soared to $X in 2022. In general, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of sodium carbonate imports to Argentina, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +81.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of sodium carbonate to Argentina, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 20% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+76.1% per year) and Spain (-0.8% per year).

Import Prices by Country

In 2022, the average sodium carbonate import price amounted to $X per ton, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($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 (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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