Argentina: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian non-alloy steel i-sections market, when its value increased by 106% to $X. In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Alloy Steel I-Sections Exports

Exports from Argentina

In 2021, overseas shipments of i-sections of non-alloy steel increased by 5.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 400% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, non-alloy steel i-sections exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 426%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Paraguay (X tons) and Bolivia (X tons) were the main destinations of non-alloy steel i-sections exports from Argentina, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel i-sections exported from Argentina were Paraguay ($X), Bolivia ($X) and Uruguay ($X), with a combined 62% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, 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 non-alloy steel i-sections export price amounted to $X per ton, growing by 10% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay ($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 (+0.7%), while the prices for the other major destinations experienced a decline.

Non-Alloy Steel I-Sections Imports

Imports into Argentina

In 2021, supplies from abroad of i-sections of non-alloy steel increased by 73% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 99% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-alloy steel i-sections imports surged to $X in 2021. Overall, imports recorded mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Turkey (X tons) and Brazil (X tons) were the main suppliers of non-alloy steel i-sections imports to Argentina, with a combined 57% share of total imports. Mexico, Bahrain and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +62.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel i-sections suppliers to Argentina were Spain ($X), Brazil ($X) and Turkey ($X), with a combined 56% share of total imports. These countries were followed by Mexico, Bahrain and Poland, which together accounted for a further 22%.

In terms of the main suppliers, Mexico, with a CAGR of +57.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, rising by 30% against the previous year. In general, the import price, however, saw a mild decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Bahrain ($X per ton) and Poland ($X per ton), while the price for Turkey ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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