Argentina: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Argentina

The Argentinian market for inorganic oxygen compounds of non-metals amounted to $X in 2021, standing approx. at the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +11.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Inorganic Oxygen Compounds Of Non-Metals in Argentina

In value terms, inorganic oxygen compounds of non-metals production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2013 with an increase of 60%. Inorganic oxygen compounds of non-metals production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Argentina

In 2021, after two years of growth, there was significant decline in shipments abroad of inorganic oxygen compounds of non-metals, when their volume decreased by -16.3% to X tons. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 5,870% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports rose slightly to $X in 2021. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 5,378%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Argentina, with a 43% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+701.6% per year) and Brazil (+69.2% per year).

In value terms, the largest markets for inorganic oxygen compounds of non-metals exported from Argentina were Australia ($X), the UK ($X) and Germany ($X), together comprising 55% of total exports. Peru, Austria, Brazil, Turkey, Chile and India lagged somewhat behind, together accounting for a further 26%.

Turkey, with a CAGR of +5,070.6%, recorded 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 export price for inorganic oxygen compounds of non-metals amounted to $X per ton, picking up by 23% against the previous year. In general, the export price recorded resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 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 Australia ($X per ton), while the average price for exports to Germany ($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 Peru (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Argentina

In 2021, imports of inorganic oxygen compounds of non-metals into Argentina skyrocketed to X tons, picking up by 184% on 2020 figures. In general, imports recorded a strong expansion. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2021. Overall, imports saw a tangible expansion. The growth pace was the most rapid in 2013 with an increase of 119% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to Argentina, accounting for a 47% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from Chile exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.6% per year) and Belgium (+12.1% per year).

In value terms, Chile ($X), Taiwan (Chinese) ($X) and Austria ($X) were the largest inorganic oxygen compounds of non-metals suppliers to Argentina, with a combined 42% share of total imports. Belgium, the Czech Republic, China and Spain lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +368.0%, 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 import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, shrinking by -52% against the previous year. In general, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 64% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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