Argentina: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Argentina

After four years of decline, the Argentinian ferro-cerium and pyrophoric alloys market increased by 3.1% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Argentina

In value terms, ferro-cerium and pyrophoric alloys production reached $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Argentina

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys increased by 100% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 414%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 1,037% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Argentina, accounting for a 73% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Germany exceeded the volume sent to the second major destination, Chile (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Argentina were Germany ($X) and Chile ($X).

Among the main countries of destination, Chile, with a CAGR of +34.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 210%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, 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 Chile ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.1%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Argentina

Ferro-cerium and pyrophoric alloys imports into Argentina soared to X tons in 2021, increasing by 116% compared with the year before. In general, imports, however, saw a deep setback. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by 166% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Argentina, accounting for a 59% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from South Korea exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.1% per year) and Italy (+4.3% per year).

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Argentina were Italy ($X), South Korea ($X) and the UK ($X), together comprising 48% of total imports.

South Korea, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, growing by 4.9% against the previous year. Overall, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2013 an increase of 85% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Korea ($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 (+39.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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