Argentina: Wire And Cable Market 2025

Wire And Cable Market Size in Argentina

After two years of decline, the Argentinian wire and cable market increased by 39% to $X in 2021. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wire And Cable Exports

Exports from Argentina

Wire and cable exports from Argentina shrank to X tons in 2021, waning by -11.2% against the previous year's figure. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 7%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports expanded remarkably to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons), Uruguay (X tons) and Brazil (X tons) were the main destinations of wire and cable exports from Argentina, together accounting for 81% of total exports. These countries were followed by Paraguay, Bolivia, Panama, Peru and Venezuela, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +36.3%), while shipments for the other leaders experienced a decline.

In value terms, Brazil ($X), Uruguay ($X) and Chile ($X) constituted the largest markets for wire and cable exported from Argentina worldwide, together accounting for 83% of total exports. These countries were followed by Paraguay, Bolivia, Panama, Peru and Venezuela, which together accounted for a further 13%.

In terms of the main countries of destination, Panama, with a CAGR of +21.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average wire and cable export price amounted to $X per ton, surging by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Panama ($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 Brazil (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Argentina

In 2021, after two years of decline, there was significant growth in purchases abroad of insulated wire and cable, when their volume increased by 19% to X tons. In general, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, wire and cable imports surged to $X in 2021. Overall, imports, however, continue to indicate a slight downturn. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Paraguay (X tons) were the main suppliers of wire and cable imports to Argentina, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +506.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to Argentina were Brazil ($X), China ($X) and Paraguay ($X), together accounting for 62% of total imports.

In terms of the main suppliers, Paraguay, with a CAGR of +478.3%, saw the highest rates of growth with regard to 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 wire and cable import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

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 Uruguay ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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