Argentina: Mineral Wool Market 2024

Mineral Wool Market Size in Argentina

The Argentinian mineral wool market soared to $X in 2021, rising by 67% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Mineral Wool Exports

Exports from Argentina

In 2021, the amount of slag wool, rock wool and similar mineral wools and mixtures exported from Argentina skyrocketed to X tons, rising by 190% compared with the year before. In general, exports saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of 203%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral wool exports soared to $X in 2021. Overall, exports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of 148%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for mineral wool exports from Argentina, with a 54% share of total exports. Moreover, mineral wool exports to Chile exceeded the volume sent to the second major destination, the United States (X tons), twofold. Peru (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Peru (+18.3% per year).

In value terms, the largest markets for mineral wool exported from Argentina were Chile ($X), Peru ($X) and the United States ($X), with a combined 72% share of total exports.

Among the main countries of destination, Peru, with a CAGR of +27.1%, 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 more modest paces of growth.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, dropping by -26% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 105% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Chile ($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 Ecuador (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Argentina

Mineral wool imports into Argentina soared to X tons in 2021, increasing by 58% compared with 2020. In general, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 108% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, mineral wool imports soared to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Chile (X tons), China (X tons) and Canada (X tons) were the main suppliers of mineral wool imports to Argentina, with a combined 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral wool suppliers to Argentina were Chile ($X), China ($X) and Canada ($X), with a combined 43% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +53.2%, saw 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

The average mineral wool import price stood at $X per ton in 2021, picking up by 26% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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