Argentina: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Argentina

The Argentinian propylene polymer rigid pipes market shrank to $X in 2022, with a decrease of -7% against the previous year. In general, consumption, however, saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Argentina

In value terms, propylene polymer rigid pipes production declined to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Argentina

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported from Argentina; increasing by 18% on 2021 figures. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, propylene polymer rigid pipes exports amounted to $X in 2022. In general, exports, however, showed a abrupt setback. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Uruguay (X tons) and Peru (X tons) were the main destinations of propylene polymer rigid pipes exports from Argentina, with a combined 78% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of -0.2%), while the other leaders experienced a decline.

In value terms, the largest markets for propylene polymer rigid pipes exported from Argentina were Brazil ($X), Uruguay ($X) and Peru ($X), together accounting for 75% of total exports. Bolivia, Mexico and Paraguay lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Bolivia, with a CAGR of +0.1%, 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

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, dropping by -12.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Mexico ($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 (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Argentina

After three years of growth, overseas purchases of rigid tubes, pipes and hoses of polymers of propylene decreased by -52.3% to X tons in 2022. Over the period under review, imports saw a mild decline. The growth pace was the most rapid in 2019 with an increase of 161%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports shrank notably to $X in 2022. Overall, imports, however, posted moderate growth. The growth pace was the most rapid in 2019 when imports increased by 100% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of propylene polymer rigid pipes to Argentina, accounting for a 75% share of total imports. Moreover, propylene polymer rigid pipes imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Brazil (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.5% per year) and Brazil (+2.2% per year).

In value terms, Germany ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Argentina, comprising 73% of total imports. The second position in the ranking was held by France ($X), with a 7.2% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+59.0% per year) and China (+9.2% per year).

Import Prices by Country

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price continues to indicate measured growth. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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