Argentina: Moulds For Metal Market 2024

Moulds For Metal Market Size in Argentina

In 2022, the Argentinian moulds for metal market increased by 2.6% to $X, rising for the second consecutive year after three years of decline. Overall, consumption enjoyed pronounced growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Moulds For Metal Exports

Exports from Argentina

In 2022, approx. X tons of moulds for metals were exported from Argentina; with an increase of 3.6% against the previous year's figure. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,040%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, moulds for metal exports contracted to $X in 2022. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 444%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for moulds for metal exports from Argentina, accounting for a 46% share of total exports. Moreover, moulds for metal exports to Italy exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was held by Chile (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+20.3% per year) and Chile (+70.5% per year).

In value terms, the largest markets for moulds for metal exported from Argentina were Italy ($X), Ecuador ($X) and Brazil ($X), together accounting for 57% of total exports. Mexico, Chile, the United States and Belgium lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Belgium, with a CAGR of +64.2%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, dropping by -15.9% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 154%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Belgium ($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 Ecuador (-4.2%), while the prices for the other major destinations experienced a decline.

Moulds For Metal Imports

Imports into Argentina

In 2022, overseas purchases of moulds for metals increased by 18% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, moulds for metal imports declined to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 127%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Brazil (X tons), China (X tons) and Italy (X tons) were the main suppliers of moulds for metal imports to Argentina, together comprising 91% of total imports. Spain, Japan and Germany lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest moulds for metal suppliers to Argentina were Brazil ($X), China ($X) and Japan ($X), with a combined 78% share of total imports.

Japan, with a CAGR of +48.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, shrinking by -26.3% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. 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 Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform