Price for Iron and Non-Alloy Steel in Ingot in Argentina - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Argentina (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Argentina (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Argentina
- Exports of Iron and Non-Alloy Steel in Ingot in Argentina
Price for Iron and Non-Alloy Steel in Ingot in Argentina (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $981 per ton in 2022, reducing by -26.1% against the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, average import prices reached the peak figure at $1,517 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,387 per ton), while the price for Brazil stood at $1,818 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in Argentina (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $585 per ton in 2021, which is down by -57.1% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 346% against the previous year. As a result, the export price attained the peak level of $13,070 per ton. From 2019 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($20,895 per ton), while the average price for exports to France ($458 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 (-0.7%).
Imports of Iron and Non-Alloy Steel in Ingot in Argentina
In 2022, overseas purchases of iron and non-alloy steel in ingots were finally on the rise to reach 97 tons after two years of decline. In general, imports, however, continue to indicate a dramatic contraction.
In value terms, imports of iron and non-alloy steel in ingots shrank markedly to $95K in 2022. Over the period under review, imports, however, faced a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1.9%.
| Import of Iron and Non-Alloy Steel in Ingot in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.9 | 10.8 | 24.9 | 56.4 | 85.1% |
| United States | 3.7 | 5.4 | 9.5 | 39.0 | 119.3% |
| Germany | 136 | 53.2 | 44.8 | N/A | -42.6% |
| Others | 137 | 54.5 | 47.2 | N/A | -41.3% |
| Total | 286 | 124 | 126 | 95.3 | -30.7% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Argentina in 2022:
- Brazil (31.0 tons)
- United States (6.1 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Argentina
In 2021, the amount of iron and non-alloy steel in ingots exported from Argentina skyrocketed to 1.6 tons, rising by 237% on 2020. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots surged to $964 in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.
| Export of Iron and Non-Alloy Steel in Ingot in Argentina (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Chile | 211 | 612 | 490 | 52.4% | |
| South Africa | N/A | N/A | 397 | 0% | |
| France | N/A | N/A | 33.0 | 0% | |
| Germany | 76.0 | N/A | N/A | 0% | |
| Others | 86.0 | 56.0 | 44.0 | -28.5% | |
| Total | 373 | 668 | 964 | 60.8% | |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Argentina in 2022:
- Chile (377.0 kg)
- France (72.0 kg)
- South Africa (19.0 kg)
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