Argentina: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Argentina

In 2020, the Argentinian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2019, and then shrank in the following year.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Argentina

In value terms, iron, steel or aluminium reservoir production rose significantly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2017 to 2020, production growth remained at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Argentina

Iron, steel or aluminium reservoir exports from Argentina contracted to X tons in 2020, waning by -X% on 2019. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Peru (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Argentina, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru, while exports for the other leaders experienced a decline.

In value terms, Peru ($X), Paraguay ($X) and Chile ($X) were the largest markets for iron, steel or aluminium reservoir exported from Argentina worldwide, together comprising X% of total exports. These countries were followed by Uruguay, Bolivia and Brazil, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2017 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Argentina

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into Argentina plummeted to X tons, declining by -X% against the previous year's figure. Overall, imports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced notably to $X in 2020. Over the period under review, imports, however, posted modest growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tons), the U.S. (X tons) and Brazil (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Argentina, with a combined X% share of total imports. The Czech Republic, India, Germany, Italy, Portugal and the UK lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the largest iron, steel or aluminium reservoir suppliers to Argentina, together comprising X% of total imports. Brazil, India, Italy, the Czech Republic, the UK and Portugal lagged somewhat behind, together accounting for a further X Czech Republic (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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