Argentina: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Argentina

In 2022, the Argentinian prepared additives for cements market increased by 16% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a resilient increase. Prepared additives for cements consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Argentina

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by 24% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports surged to $X in 2022. Overall, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 94%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for prepared additives for cements exports from Argentina, accounting for a 63% share of total exports. Moreover, prepared additives for cements exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+12.3% per year) and Paraguay (-12.4% per year).

In value terms, the largest markets for prepared additives for cements exported from Argentina were Chile ($X), Uruguay ($X) and Paraguay ($X), together accounting for 94% of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of +16.5%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, surging by 9.8% against the previous year. In general, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($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 (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Argentina

In 2022, purchases abroad of prepared additives for cements, mortars or concretes increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 104%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports soared to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of prepared additives for cements imports to Argentina, together accounting for 64% of total imports. India, Germany, Mexico, Italy, South Korea and Chile lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +88.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Argentina, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and Germany (+2.8% per year).

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, rising by 17% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements import price increased by +74.0% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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