Argentina: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Argentina

In 2019, the Argentinian aluminium bar market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Aluminium bar consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Aluminium Bar Exports

Exports from Argentina

In 2019, approx. X tonnes of aluminium bars, rods and profiles were exported from Argentina; with a decrease of -X% on 2018. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, aluminium bar exports shrank markedly to $X in 2019. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tonnes) was the main destination for aluminium bar exports from Argentina, accounting for a X% share of total exports. Moreover, aluminium bar exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tonnes), threefold. Bolivia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Uruguay totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-X% per year) and Bolivia (-X% per year).

In value terms, Uruguay ($X) remains the key foreign market for aluminium bar exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Uruguay amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-X% per year) and Bolivia (-X% per year).

Export Prices by Country

In 2019, the average aluminium bar export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2019, the highest prices were recorded for prices to Brazil ($X per tonne) and Paraguay ($X per tonne), while the average price for exports to Uruguay ($X per tonne) and Bolivia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brazil, while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Argentina

In 2019, overseas purchases of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports contracted dramatically to $X in 2019. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to Argentina, with a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Paraguay (X tonnes), sixfold. Russia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+X% per year) and Russia (+X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bar to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2019, the average aluminium bar import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), together comprising 49% of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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The country with the largest volume of aluminium bar production was China (6.1M tonnes), accounting for 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Argentina?

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In value terms, China ($12M) constituted the largest supplier of aluminium bar to Argentina, comprising 55% of total imports. The second position in the ranking was occupied by Paraguay ($2.3M), with a 11% share of total imports. It was followed by Italy, with a 6.1% share.

What are the leading importers of aluminium bars, rods and profiles from Argentina?

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In value terms, Uruguay ($656K) remains the key foreign market for aluminium bar exports from Argentina, comprising 57% of total exports. The second position in the ranking was occupied by Chile ($285K), with a 25% share of total exports. It was followed by Bolivia, with a 10% share.

What is the average export price for aluminium bars, rods and profiles in Argentina?

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In 2019, the average aluminium bar export price amounted to $5,447 per tonne, shrinking by -8.2% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Argentina?

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The average aluminium bar import price stood at $3,926 per tonne in 2019, declining by -6.6% against the previous year.