Price for Chain and Parts Thereof, of Iron or Steel in Argentina - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Argentina (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Argentina (FOB) - 2023
3. Imports of Chain and Parts Thereof, of Iron or Steel in Argentina
4. Exports of Chain and Parts Thereof, of Iron or Steel in Argentina

Price for Chain and Parts Thereof, of Iron or Steel in Argentina (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $4,703 per ton in 2022, growing by 9.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, average import prices reached the peak figure at $5,149 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,250 per ton), while the price for China ($3,418 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Argentina (FOB) - 2023

The average export price for chain and parts thereof, of iron or steel stood at $18,383 per ton in March 2023, which is down by -64.8% against the previous month. Overall, the export price, however, showed significant growth. The pace of growth appeared the most rapid in February 2023 an increase of 272% month-to-month. As a result, the export price reached the peak level of $52,194 per ton, and then shrank markedly in the following month.

Average prices varied somewhat for the major export markets. In March 2023, the country with the highest price was Uruguay ($20,516 per ton), while the average price for exports to Mexico amounted to $15,210 per ton.

From December 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Argentina

For the fourth consecutive year, Argentina recorded growth in overseas purchases of chain and parts thereof, of iron or steel, which increased by 2.3% to 10K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel rose significantly to $47M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Argentina in 2022:

1. China (8.2K tons)
2. Brazil (0.3K tons)
3. South Korea (0.3K tons)
4. Italy (0.2K tons)
5. United States (0.2K tons)
6. Germany (0.2K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Argentina

In 2022, approx. 158 tons of chain and parts thereof, of iron or steel were exported from Argentina; jumping by 394% on the previous year's figure. In general, exports, however, recorded a abrupt setback.

In value terms, exports of chain and parts thereof, of iron or steel surged to $1.8M in 2022. Over the period under review, exports continue to indicate temperate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Argentina in 2022:

1. Brazil (67.7 tons)
2. Paraguay (47.9 tons)
3. United States (14.9 tons)
4. Uruguay (10.0 tons)
5. Mexico (9.7 tons)
6. Bolivia (6.7 tons)

Source: IndexBox Market Intelligence Platform