Argentina: Market for Hot-Rolled Steel Bars and Rods 2024

Market Size for Hot-Rolled Steel Bars and Rods in Argentina

The Argentinian market for hot-rolled steel bars and rods reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Steel Bars and Rods in Argentina

In value terms, hot-rolled steel bar and rod production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Hot-Rolled Steel Bars and Rods

Exports from Argentina

In 2022, the amount of hot-rolled steel bars and rods exported from Argentina declined to X tons, therefore, remained relatively stable against the year before. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled steel bar and rod exports declined sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for hot-rolled steel bar and rod exports from Argentina, accounting for a X% share of total exports. Moreover, hot-rolled steel bar and rod exports to Uruguay exceeded the volume sent to the second major destination, Venezuela (X tons), fourfold. The Dominican Republic (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and the Dominican Republic (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with an X% share of total exports. It was followed by Paraguay, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average export price for hot-rolled steel bars and rods stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a noticeable descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Argentina

In 2022, approx. X tons of hot-rolled steel bars and rods were imported into Argentina; reducing by X% on the previous year. Overall, imports, however, recorded a moderate increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, hot-rolled steel bar and rod imports shrank to $X in 2022. Over the period under review, imports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest hot-rolled steel bar and rod supplier to Argentina, accounting for a X% share of total imports. Moreover, hot-rolled steel bar and rod imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Uruguay (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Uruguay (X.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of hot-rolled steel bars and rods to Argentina, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Chile (X% per year).

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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