Argentina: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Argentina

In 2022, the Argentinian steel plaited band market decreased by -9.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. Steel plaited band consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Steel Plaited Band Production in Argentina

In value terms, steel plaited band production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 4.4%. Steel plaited band production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports from Argentina

In 2022, shipments abroad of iron or steel plaited bands and slings increased by 601% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw buoyant growth. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports skyrocketed to $X in 2022. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for steel plaited band exports from Argentina, accounting for a 92% share of total exports. Moreover, steel plaited band exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold. The third position in this ranking was taken by Uruguay (X tons), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+21.7% per year) and Uruguay (-11.7% per year).

In value terms, Chile ($X) remains the key foreign market for iron or steel plaited bands and slings exports from Argentina, comprising 88% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 8.3% share of total exports. It was followed by Uruguay, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+13.6% per year) and Uruguay (-7.2% per year).

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2022, jumping by 27% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Plaited Band Imports

Imports into Argentina

In 2022, overseas purchases of iron or steel plaited bands and slings decreased by -8.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 103% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports totaled $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 120%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel plaited band to Argentina, with a 82% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and Italy (-11.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel plaited bands and slings to Argentina, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Hungary, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.2% per year) and Hungary (0.0% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, rising by 25% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price increased by +31.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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