Argentina: Silicone Market 2025

Silicone Market Size in Argentina

In 2021, the Argentinian silicone market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silicone Exports

Exports from Argentina

For the fourth consecutive year, Argentina recorded decline in shipments abroad of silicones (in primary forms), which decreased by -45.6% to X tons in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silicone exports fell rapidly to $X in 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 28%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of silicone exports from Argentina, together accounting for 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of -2.3%), while the other leaders experienced a decline.

In value terms, Bolivia ($X), Chile ($X) and Paraguay ($X) appeared to be the largest markets for silicone exported from Argentina worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Bolivia, with a CAGR of +7.8%, saw 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

In 2021, the average silicone export price amounted to $X per ton, growing by 3.3% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicone export price decreased by -11.3% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bolivia ($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 Chile (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Argentina

In 2021, imports of silicones (in primary forms) into Argentina soared to X tons, growing by 21% against the previous year. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached 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 silicone to Argentina, with a 43% share of total imports. Moreover, silicone imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and China (+16.6% per year).

In value terms, the largest silicone suppliers to Argentina were Brazil ($X), the United States ($X) and Germany ($X), together accounting for 73% of total imports. These countries were followed by China, France and Ireland, which together accounted for a further 17%.

In terms of the main suppliers, China, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicone import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood 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 ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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