Argentina: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Argentina

After two years of decline, the Argentinian rubber-to-metal and moulded article market increased by 54% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Rubber-to-metal and moulded article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Argentina

In 2021, overseas shipments of rubber-to-metal and moulded articles increased by 83% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for rubber-to-metal and moulded article exports from Argentina, with a 45% share of total exports. Moreover, rubber-to-metal and moulded article exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was taken by Uruguay (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-12.0% per year) and Uruguay (-2.4% per year).

In value terms, the largest markets for rubber-to-metal and moulded article exported from Argentina were the United States ($X), Brazil ($X) and Uruguay ($X), together accounting for 56% of total exports.

Among the main countries of destination, the United States, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, declining by -18.4% against the previous year. Over the period under review, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Argentina

In 2021, after two years of decline, there was significant growth in supplies from abroad of rubber-to-metal and moulded articles, when their volume increased by 61% to X tons. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Thailand (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Argentina, together accounting for 75% of total imports. Vietnam, Italy, Germany, Turkey, Spain and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +78.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Argentina, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Thailand (+6.7% per year).

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, dropping by -4.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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