Argentina: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Argentina

The Argentinian complex fluorine salts market soared to $X in 2021, growing by 157% 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). Overall, consumption, however, recorded a relatively flat trend pattern. Complex fluorine salts consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Complex Fluorine Salts Exports

Exports from Argentina

In 2021, approx. X tons of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts were exported from Argentina; which is down by -69.9% against the previous year's figure. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 276% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports reduced remarkably to $X in 2021. Overall, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by 279% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

India (X tons) was the main destination for complex fluorine salts exports from Argentina, with a 68% share of total exports. Moreover, complex fluorine salts exports to India exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.3% per year) and China (-17.5% per year).

In value terms, the largest markets for complex fluorine salts exported from Argentina were the United States ($X), India ($X) and China ($X), together comprising 92% of total exports.

India, with a CAGR of +13.9%, saw the highest rates of growth with regard to 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 complex fluorine salts export price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 98%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 China (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Argentina

In 2021, purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, complex fluorine salts imports soared to $X in 2021. Over the period under review, imports, however, saw a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of complex fluorine salts to Argentina, accounting for a 63% share of total imports. Moreover, complex fluorine salts imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. China (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 Italy totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+30.3% per year) and China (-2.7% per year).

In value terms, Italy ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Argentina, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Mexico (+29.9% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, with an increase of 7.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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