Price for Wire of Other Alloy Steel in Argentina - 2023
Contents:
- Price for Wire of Other Alloy Steel in Argentina (CIF) - 2022
- Price for Wire of Other Alloy Steel in Argentina (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Argentina
- Exports of Wire of Other Alloy Steel in Argentina
Price for Wire of Other Alloy Steel in Argentina (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,903 per ton, surging by 13% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +67.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Italy ($2,976 per ton), while the price for Turkey ($1,316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Argentina (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,947 per ton in 2022, with an increase of 62% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +2.5% per year.
Imports of Wire of Other Alloy Steel in Argentina
In 2022, approx. 9.7K tons of wire of other alloy steels were imported into Argentina; increasing by 22% against the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +53.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel imports skyrocketed to $19M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Wire of Other Alloy Steel in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.0 | 2.8 | 7.0 | 7.6 | 56.0% |
Brazil | 4.9 | 3.4 | 4.6 | 6.2 | 8.2% |
Italy | N/A | N/A | 0.1 | 1.1 | 1000.0% |
Taiwan (Chinese) | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
India | 0.1 | N/A | N/A | 0.4 | 58.7% |
Turkey | N/A | N/A | N/A | 0.3 | 0% |
Czech Republic | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Others | 0.8 | 0.5 | 1.1 | 2.2 | 40.1% |
Total | 8.0 | 7.2 | 13.4 | 18.5 | 32.2% |
Top Suppliers of Wire of Other Alloy Steel to Argentina in 2022:
- China (4.2K tons)
- Brazil (3.9K tons)
- Italy (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- India (0.3K tons)
- Turkey (0.2K tons)
- Czech Republic (0.1K tons)
Exports of Wire of Other Alloy Steel in Argentina
In 2022, the amount of wire of other alloy steels exported from Argentina fell rapidly to 6.2K tons, with a decrease of -24.9% against the previous year's figure. Over the period under review, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, the exports attained the peak of 8.2K tons, and then fell significantly in the following year.
In value terms, wire of other alloy steel exports surged to $12M in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 111%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Wire of Other Alloy Steel in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 8.9 | 4.5 | 9.6 | 11.7 | 9.5% |
Others | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
Total | 9.0 | 4.7 | 9.9 | 12.0 | 10.1% |
Top Export Markets for Wire of Other Alloy Steel from Argentina in 2022:
- Brazil (6.0K tons)
This report provides an in-depth analysis of the market for iron and steel wire in Argentina.
This report provides an in-depth analysis of the market for iron and steel wire in Argentina.
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