Argentina: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Argentina

The Argentinian silicon-electrical steel flat-rolled product market expanded notably to $X in 2021, increasing by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Argentina

In 2021, after two years of growth, there was significant decline in shipments abroad of flat-rolled products of silicon-electrical steel, when their volume decreased by -25.1% to X tons. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 47%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports contracted rapidly to $X in 2021. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 50%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Argentina, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +52.2%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), India ($X) and Peru ($X) appeared to be the largest markets for silicon-electrical steel flat-rolled product exported from Argentina worldwide, with a combined 78% share of total exports.

India, with a CAGR of +34.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, rising by 5.9% against the previous year. In general, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to India ($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 Chile (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Argentina

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel decreased by -0.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 7.4% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 25%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and Brazil (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Argentina, with a combined 61% share of total imports. These countries were followed by the United Arab Emirates, France, Italy, India, South Korea and the United States, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and the United Arab Emirates ($X) constituted the largest silicon-electrical steel flat-rolled product suppliers to Argentina, with a combined 58% share of total imports.

The United Arab Emirates, with a CAGR of +24.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, surging by 25% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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