Argentina: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Argentina

The Argentinian mill rolling roll market dropped notably to $X in 2022, which is down by -51.6% against the previous year. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Mill Rolling Roll Production in Argentina

In value terms, mill rolling roll production declined to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports from Argentina

In 2022, the amount of rolls for rolling mills exported from Argentina skyrocketed to X units, with an increase of 64% on the year before. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 85%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mill rolling roll exports totaled $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 66%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for mill rolling roll exports from Argentina, accounting for a 61% share of total exports. Moreover, mill rolling roll exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), twofold. Mexico (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+3.3% per year) and Mexico (-11.5% per year).

In value terms, the United States ($X) remains the key foreign market for rolls for rolling mills exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports. It was followed by Peru, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-9.7% per year) and Peru (+19.9% per year).

Export Prices by Country

In 2022, the average mill rolling roll export price amounted to $X per unit, reducing by -32.3% against the previous year. In general, the export price faced a abrupt downturn. The growth pace was the most rapid in 2015 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 Peru ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-3.8%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Argentina

In 2022, approx. X units of rolls for rolling mills were imported into Argentina; with an increase of 32% against the previous year's figure. In general, total imports indicated notable growth from 2012 to 2022: its volume 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, imports increased by +24.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mill rolling roll imports reached $X in 2022. Overall, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest mill rolling roll supplier to Argentina, with a 82% share of total imports. Moreover, mill rolling roll imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Sweden (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.3% per year) and Sweden (-2.4% per year).

In value terms, the largest mill rolling roll suppliers to Argentina were China ($X), Germany ($X) and Brazil ($X), together comprising 66% of total imports.

China, with a CAGR of +8.5%, recorded the highest rates of growth with regard to 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

The average mill rolling roll import price stood at $X per unit in 2022, waning by -23.9% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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