Argentina: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Argentina

In 2021, the Argentinian silicon dioxide market increased by 48% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silicon Dioxide Exports

Exports from Argentina

In 2021, the amount of silicon dioxide exported from Argentina declined rapidly to X tons, which is down by -55.4% against 2020. Overall, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 111%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports dropped notably to $X in 2021. Over the period under review, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 147%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for silicon dioxide exports from Argentina, with a 81% share of total exports. Moreover, silicon dioxide exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-5.7% per year) and Paraguay (-9.8% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for silicon dioxide exports from Argentina, comprising 78% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-16.1% per year) and Paraguay (-15.9% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, picking up by 34% against the previous year. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 36% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay ($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 Uruguay (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Silicon Dioxide Imports

Imports into Argentina

In 2021, the amount of silicon dioxide imported into Argentina surged to X tons, increasing by 38% against the previous year. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of silicon dioxide to Argentina, accounting for a 60% share of total imports. Moreover, silicon dioxide imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.6% per year) and Germany (-6.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of silicon dioxide to Argentina, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Germany (-4.3% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, growing by 7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, 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 the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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