Argentina: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Argentina

The Argentinian steel stranded wire market declined slightly to $X in 2022, with a decrease of -3.7% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; 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 2021, and then reduced modestly in the following year.

Steel Stranded Wire Production in Argentina

In value terms, steel stranded wire production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. Steel stranded wire production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Steel Stranded Wire Exports

Exports from Argentina

After two years of decline, shipments abroad of iron or steel stranded wire, ropes and cables increased by 559% to X tons in 2022. Overall, exports, however, recorded a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel stranded wire exports soared to $X in 2022. Over the period under review, exports, however, showed a noticeable decline. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for steel stranded wire exports from Argentina, accounting for a 87% share of total exports. Moreover, steel stranded wire exports to the United States exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold. Paraguay (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-11.3% per year) and Paraguay (-10.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for iron or steel stranded wire, ropes and cables exports from Argentina, comprising 91% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 4.4% share of total exports. It was followed by Uruguay, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-7.0% per year) and Uruguay (-8.6% per year).

Export Prices by Country

The average steel stranded wire export price stood at $X per ton in 2022, growing by 134% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay ($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 Chile (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Argentina

Steel stranded wire imports into Argentina fell to X tons in 2022, waning by -4.4% compared with the year before. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, steel stranded wire imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and Vietnam (X tons) were the main suppliers of steel stranded wire imports to Argentina, together accounting for 82% of total imports. South Korea, Malaysia, Portugal and Turkey lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Vietnam ($X) constituted the largest steel stranded wire suppliers to Argentina, together comprising 76% of total imports. South Korea, Portugal, Malaysia and Turkey lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Portugal, with a CAGR of +71.7%, recorded 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 steel stranded wire import price stood at $X per ton in 2022, growing by 22% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Portugal ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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