Argentina: Metal Link Chain Market 2024

Metal Link Chain Market Size in Argentina

In 2021, the Argentinian metal link chain market increased by 21% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% 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 hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Exports

Exports from Argentina

In 2021, approx. X tons of iron or steel articulated link chain were exported from Argentina; rising by 108% on the previous year's figure. Over the period under review, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by 116%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for metal link chain exports from Argentina, with a 56% share of total exports. Moreover, metal link chain exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Uruguay (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.4% per year) and Uruguay (+2.2% per year).

In value terms, Brazil ($X), the United States ($X) and Uruguay ($X) constituted the largest markets for metal link chain exported from Argentina worldwide, with a combined 76% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +31.5%, saw the highest growth rate of 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 metal link chain export price amounted to $X per ton, increasing by 12% against the previous year. In general, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 51%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Paraguay ($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 Bolivia (+8.5%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into Argentina

In 2021, purchases abroad of iron or steel articulated link chain increased by 10% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal link chain imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 31%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Argentina, with a 55% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.5% per year) and Brazil (+2.6% per year).

In value terms, the largest metal link chain suppliers to Argentina were China ($X), Brazil ($X) and Italy ($X), with a combined 66% share of total imports.

Among the main suppliers, China, with a CAGR of +9.8%, 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 metal link chain import price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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