Argentina: Prepared Binders Market 2024

Prepared Binders Market Size in Argentina

In 2021, the Argentinian prepared binders market increased by 92% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a significant expansion. Prepared binders consumption peaked in 2021 and is expected to retain growth in the near future.

Prepared Binders Exports

Exports from Argentina

Prepared binders exports from Argentina soared to X tons in 2021, with an increase of 53% on the year before. In general, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 105%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, prepared binders exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for prepared binders exports from Argentina, accounting for a 52% share of total exports. Moreover, prepared binders exports to Chile exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was taken by Panama (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+51.7% per year) and Panama (+32.7% per year).

In value terms, the largest markets for prepared binders exported from Argentina were Egypt ($X), Chile ($X) and Peru ($X), with a combined 54% share of total exports. Colombia, Panama, Paraguay and Uruguay lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Colombia, with a CAGR of +34.0%, recorded 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

The average prepared binders export price stood at $X per ton in 2021, increasing by 53% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 111% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Uruguay ($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 (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Argentina

In 2021, purchases abroad of prepared binders for foundry moulds or cores was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, prepared binders imports soared to $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest prepared binders supplier to Argentina, with a 61% share of total imports. Moreover, prepared binders imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was held by China (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+49.5% per year) and China (+97.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Argentina, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Chile, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.2% per year) and Chile (-0.6% per year).

Import Prices by Country

In 2021, the average prepared binders import price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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