Argentina: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Argentina

The Argentinian metal solid fuel appliances market contracted modestly to $X in 2022, waning by -3.4% against the previous year. Overall, consumption continues to indicate a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Argentina

In value terms, metal solid fuel appliances production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Argentina

In 2022, metal solid fuel appliances exports from Argentina surged to X units, with an increase of 87% on 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 219% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal solid fuel appliances exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 194%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Uruguay (X units), Spain (X units) and the United States (X units) were the main destinations of metal solid fuel appliances exports from Argentina, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +25.9%), while the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Argentina, comprising 94% of total exports. The second position in the ranking was taken by Spain ($X), with a 2.2% share of total exports. It was followed by the United States, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+9.5% per year) and the United States (+20.7% per year).

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, waning by -35.4% against the previous year. Over the period under review, the export price saw a pronounced decrease. The growth pace was the most rapid in 2021 when the average export price increased by 96%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Uruguay ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Argentina

In 2022, the amount of iron or steel solid fuel domestic appliances imported into Argentina soared to X units, jumping by 17% against the previous year. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 446% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal solid fuel appliances imports soared to $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 104%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Chile (X units) and Brazil (X units) were the main suppliers of metal solid fuel appliances imports to Argentina, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +26.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to Argentina were Chile ($X), China ($X) and Italy ($X), with a combined 96% share of total imports.

Among the main suppliers, China, with a CAGR of +26.3%, 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

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, growing by 29% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 49% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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