Argentina: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Argentina

In 2021, after three years of decline, there was significant growth in the Argentinian hot-dipped metal-coated sheet market, when its value increased by 27% to $X. Over the period under review, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Argentina

In value terms, hot-dipped metal-coated sheet production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 19%. Hot-dipped metal-coated sheet production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Argentina

In 2021, shipments abroad of hot-dipped metal-coated sheet decreased by -53.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 204% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hot-dipped metal-coated sheet exports shrank sharply to $X in 2021. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 228% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for hot-dipped metal-coated sheet exports from Argentina, accounting for a 56% share of total exports. Moreover, hot-dipped metal-coated sheet exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. Bolivia (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+17.2% per year) and Bolivia (+14.3% per year).

In value terms, Uruguay ($X) remains the key foreign market for hot-dipped metal-coated sheet exports from Argentina, comprising 59% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 22% share of total exports. It was followed by Bolivia, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+2.6% per year) and Bolivia (-0.0% per year).

Export Prices by Country

The average hot-dipped metal-coated sheet export price stood at $X per ton in 2021, declining by -7.9% against the previous year. In general, the export price saw a deep slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Belgium ($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 Paraguay (-12.4%), while the prices for the other major destinations experienced a decline.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Argentina

In 2021, supplies from abroad of hot-dipped metal-coated sheet increased by 165% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest hot-dipped metal-coated sheet supplier to Argentina, accounting for a 54% share of total imports. Moreover, hot-dipped metal-coated sheet imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+49.3% per year) and Mexico (-1.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of hot-dipped metal-coated sheet to Argentina, comprising 52% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Mexico, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+55.3% per year) and Mexico (-0.0% per year).

Import Prices by Country

The average hot-dipped metal-coated sheet import price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :