Price for Steel, Alloy; Ingots and Other Primary Forms in Argentina - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Argentina (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Argentina (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Argentina
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Argentina
Price for Steel, Alloy; Ingots and Other Primary Forms in Argentina (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $2,191 per ton, surging by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2016 an increase of 14%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
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 +1.8% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Argentina (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,994 per ton, dropping by -18.2% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 46%. The import price peaked at $8,968 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($3,475 per ton), while the price for China ($959 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Argentina
For the third consecutive year, Argentina recorded decline in shipments abroad of steel, alloy; ingots and other primary formses, which decreased by -4.2% to 27 tons in 2022. In general, exports recorded a perceptible curtailment. The smallest decline of -4.2% was in 2021.
In value terms, exports of steel, alloy; ingots and other primary formses reached $60K in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 1.3%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 57.9 | 58.7 | 59.4 | 60.2 | 1.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 57.9 | 58.7 | 59.4 | 60.2 | 1.3% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Argentina in 2022:
- Chile (27.5 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Argentina
In 2022, after three years of growth, there was significant decline in supplies from abroad of steel, alloy; ingots and other primary formses, when their volume decreased by -85.6% to 1.2 tons. Overall, imports recorded a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year.
In value terms, imports of steel, alloy; ingots and other primary formses shrank rapidly to $2.5K in 2022. Over the period under review, imports showed a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 78%. As a result, imports reached the peak of $39K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.2 | 8.4 | 5.5 | 1.3 | -52.6% |
| Brazil | 4.1 | 4.5 | 11.3 | 0.8 | -42.0% |
| China | N/A | N/A | N/A | 0.3 | 0% |
| Sweden | 5.8 | 3.2 | 4.1 | 0.1 | -74.2% |
| Poland | N/A | 23.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 22.1 | 39.5 | 21.0 | 2.5 | -51.6% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Argentina in 2022:
- United States (463.0 kg)
- Brazil (441.0 kg)
- China (294.0 kg)
- Sweden (40.0 kg)
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