Price for Aluminium Waste and Scrap in Argentina - 2023

Contents:

1. Price for Aluminium Waste and Scrap in Argentina (CIF) - 2022
2. Price for Aluminium Waste and Scrap in Argentina (FOB) - 2022
3. Imports of Aluminium Waste and Scrap in Argentina
4. Exports of Aluminium Waste and Scrap in Argentina

Price for Aluminium Waste and Scrap in Argentina (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $1,542 per ton, growing by 18% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $1,640 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($1,510 per ton), while the price for the United States totaled $1,280 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-0.5%).

Price for Aluminium Waste and Scrap in Argentina (FOB) - 2022

The average aluminium waste and scrap export price stood at $1,894 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 77% against the previous year. The export price peaked at $1,927 per ton in 2019; afterwards, it flattened through to 2022.

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 Brazil ($1,830 per ton), while the average price for exports to Hong Kong SAR ($574 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 Brazil (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium Waste and Scrap in Argentina

Aluminium waste and scrap imports into Argentina contracted notably to 152 tons in 2022, falling by -52.5% compared with 2021. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 505% against the previous year.

In value terms, aluminium waste and scrap imports fell dramatically to $234K in 2022. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 748%. As a result, imports attained the peak of $419K, and then contracted remarkably in the following year.

Top Suppliers of Aluminium Waste and Scrap to Argentina in 2022:

1. Chile (143.2 tons)
2. United States (6.5 tons)

Exports of Aluminium Waste and Scrap in Argentina

In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium waste and scraps, when their volume decreased by -10.5% to 3.3K tons. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37%.

In value terms, aluminium waste and scrap exports shrank to $6.2M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 35%.

Top Export Markets for Aluminium Waste and Scrap from Argentina in 2022:

1. Brazil (2565.2 tons)
2. India (237.8 tons)
3. Malaysia (178.1 tons)
4. South Korea (78.8 tons)
5. Spain (61.1 tons)
6. Hong Kong SAR (59.6 tons)

Source: IndexBox Market Intelligence Platform