Argentina: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Argentina

The Argentinian saturated acyclic hydrocarbons market reduced to $X in 2022, waning by -5.8% against the previous year. In general, consumption saw a perceptible decline. Saturated acyclic hydrocarbons consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Saturated Acyclic Hydrocarbons Production in Argentina

In value terms, saturated acyclic hydrocarbons production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 14%. Saturated acyclic hydrocarbons production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Argentina

In 2022, shipments abroad of saturated acyclic hydrocarbons decreased by -12.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 311% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, saturated acyclic hydrocarbons exports fell markedly to $X in 2022. Over the period under review, exports recorded a mild descent. The pace of growth was the most pronounced in 2017 when exports increased by 215%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Brazil (X tons) was the main destination for saturated acyclic hydrocarbons exports from Argentina, with a 76% share of total exports. Moreover, saturated acyclic hydrocarbons exports to Brazil exceeded the volume sent to the second major destination, Ecuador (X tons), ninefold. Spain (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+34.5% per year) and Spain (+22.6% per year).

In value terms, Brazil ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Argentina, comprising 71% of total exports. The second position in the ranking was held by Spain ($X), with a 10% share of total exports. It was followed by Chile, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+19.8% per year) and Chile (+1.8% per year).

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, with a decrease of -8.9% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% 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 Chile ($X per ton), while the average price for exports to Ecuador ($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 Chile (+11.4%), while the prices for the other major destinations experienced a decline.

Saturated Acyclic Hydrocarbons Imports

Imports into Argentina

In 2022, approx. X tons of saturated acyclic hydrocarbons were imported into Argentina; dropping by -73% compared with 2021 figures. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 225% against the previous year. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, saturated acyclic hydrocarbons imports dropped sharply to $X in 2022. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 234% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Germany (X tons), Bolivia (X tons) and China (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Argentina, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +1,696.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Argentina, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Bolivia, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.1% per year) and Bolivia (+1,516.4% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, increasing by 122% against the previous year. Over the period under review, the import price showed a notable increase. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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