Argentina: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Argentina

In 2021, after two years of growth, there was significant decline in the Argentinian aromatic hydrocarbons derivatives market, when its value decreased by -9.7% to $X. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +12.4% 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 +22.8% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Aromatic Hydrocarbons Derivatives Production in Argentina

In value terms, aromatic hydrocarbons derivatives production reduced to $X in 2021 estimated in export price. In general, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Aromatic hydrocarbons derivatives production peaked at $X in 2020, and then fell in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports from Argentina

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were exported from Argentina; growing by 95% against the previous year's figure. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 1,678% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 4,414% 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 somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for aromatic hydrocarbons derivatives exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled +33.9%.

In value terms, Uruguay ($X) emerged as the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to +46.7%.

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2021, waning by -20.4% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 154% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2021, the rate of growth in terms of prices for Uruguay amounted to +9.6% per year.

Aromatic Hydrocarbons Derivatives Imports

Imports into Argentina

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons imported into Argentina dropped dramatically to X tons, declining by -31% on 2020 figures. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 36% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives imports reduced notably to $X in 2021. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Belgium (X tons) and China (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to Argentina, together comprising 60% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of -7.6%), while imports for the other leaders experienced a decline.

In value terms, the largest aromatic hydrocarbons derivatives suppliers to Argentina were India ($X), Belgium ($X) and China ($X), with a combined 55% share of total imports.

Among the main suppliers, China, with a CAGR of -8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, increasing by 9.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat 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 Taiwan (Chinese) ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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