Argentina: Metal Wool Market 2025

Metal Wool Market Size in Argentina

The Argentinian metal wool market contracted to $X in 2022, waning by -14.1% against the previous year. Over the period under review, consumption continues to indicate a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in Argentina

In value terms, metal wool production dropped to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Wool Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of iron or steel wool, when their volume increased by 147% to X tons. In general, exports, however, saw a abrupt slump. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons), Paraguay (X tons) and Chile (X kg) were the main destinations of metal wool exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of -7.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for metal wool exported from Argentina were Uruguay ($X), Paraguay ($X) and Chile ($X).

In terms of the main countries of destination, Paraguay, with a CAGR of -8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, growing by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 27%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($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 Bolivia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Argentina

In 2022, purchases abroad of iron or steel wool decreased by -18.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. Over the period under review, imports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, metal wool imports shrank to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of metal wool to Argentina, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Argentina.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.0%.

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

Source: IndexBox Platform

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