Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $511 per ton, waning by -8.9% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by 20%. The export price peaked at $1,394 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -9.3% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,465 per ton in 2022, falling by -3.1% against the previous year. Overall, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 97% against the previous year. As a result, import price reached the peak level of $7,806 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +31.2% per year.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Argentina expanded rapidly to 11 tons, growing by 12% on the year before. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reached $5.5K in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 1.8% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.1 | 5.3 | 5.4 | 5.5 | 2.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.2 | 5.3 | 5.4 | 5.5 | 1.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Argentina in 2022:
- Chile (10.7 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina
For the third consecutive year, Argentina recorded decline in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -2.5% to 553 kg in 2022. Overall, imports showed a pronounced slump.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted to $1.9K in 2022. Over the period under review, imports showed a deep slump. The smallest decline of -5.5% was in 2021.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.3 | 2.1 | 2.0 | 1.9 | -6.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.1 | 2.0 | 1.9 | -6.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Argentina in 2022:
- Brazil (553.0 kg)
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