Argentina: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Argentina

The Argentinian market for manganites, manganates and permanganates, molybdates and tungstates soared to $X in 2021, picking up by 168% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Argentina

In 2021, approx. X kg of manganites, manganates and permanganates, molybdates and tungstates were exported from Argentina; with an increase of 5.2% compared with 2020. In general, exports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 127%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports soared to $X in 2021. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 171% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for manganites, manganates, molybdates and tungstates exports from Argentina, accounting for a 82% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X kg), more than tenfold. The third position in this ranking was held by Nicaragua (X kg), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-24.4% per year) and Nicaragua (+335.9% per year).

In value terms, Bolivia ($X), Nicaragua ($X) and Uruguay ($X) constituted the largest markets for manganites, manganates, molybdates and tungstates exported from Argentina worldwide, together comprising 87% of total exports.

Nicaragua, with a CAGR of +398.1%, 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 a decline.

Export Prices by Country

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, growing by 37% against the previous year. Overall, the export price recorded a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Argentina

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were imported into Argentina; growing by 107% compared with 2020. Overall, imports recorded a buoyant increase. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), China (X tons) and the United States (X tons) were the main suppliers of manganites, manganates, molybdates and tungstates imports to Argentina, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of manganites, manganates and permanganates, molybdates and tungstates to Argentina, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 29% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.6% per year) and the United States (+9.3% per year).

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, increasing by 44% against the previous year. Overall, the import price posted a noticeable expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 66%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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