Argentina: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Argentina

The Argentinian unwrought zinc alloys market totaled $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption posted a prominent expansion. Unwrought zinc alloys consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Unwrought Zinc Alloys Production in Argentina

In value terms, unwrought zinc alloys production stood at $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 52%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Unwrought Zinc Alloys Exports

Exports from Argentina

In 2022, exports of unwrought zinc alloys from Argentina shrank notably to X tons, with a decrease of -45% against the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 898% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, unwrought zinc alloys exports shrank dramatically to $X in 2022. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 901% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for unwrought zinc alloys exports from Argentina, accounting for a 88% share of total exports. Moreover, unwrought zinc alloys exports to Belgium exceeded the volume sent to the second major destination, India (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled -8.0%.

In value terms, Belgium ($X) remains the key foreign market for unwrought zinc alloys exports from Argentina, comprising 63% of total exports. The second position in the ranking was taken by India ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +1.6%.

Export Prices by Country

In 2022, the average unwrought zinc alloys export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+178.7%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Argentina

Unwrought zinc alloys imports into Argentina declined to X tons in 2022, with a decrease of -12.8% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 141%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, unwrought zinc alloys imports rose rapidly to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 134% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Peru (X tons) constituted the largest unwrought zinc alloys supplier to Argentina, accounting for a 69% share of total imports. Moreover, unwrought zinc alloys imports from Peru exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled +18.9%.

In value terms, Peru ($X) constituted the largest supplier of unwrought zinc alloys to Argentina, comprising 69% of total imports. The second position in the ranking was taken by Brazil ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +26.3%.

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, jumping by 29% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +56.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.2%).

Source: IndexBox Platform

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