Argentina: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Argentina

After five years of decline, the Argentinian compound plasticisers market increased by X% to $X in 2023. Overall, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Compound Plasticisers Production in Argentina

In value terms, compound plasticisers production expanded markedly to $X in 2023 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Compound Plasticisers Exports

Exports from Argentina

In 2023, shipments abroad of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, compound plasticisers exports contracted notably to $X in 2023. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

South Africa (X tons), Uruguay (X tons) and Colombia (X tons) were the main destinations of compound plasticisers exports from Argentina, together comprising X% of total exports. Turkey, Italy, Ecuador, Brazil, Chile and Peru lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compound plasticisers exported from Argentina were South Africa ($X), Colombia ($X) and Uruguay ($X), with a combined X% share of total exports. Turkey, Italy, Ecuador, Brazil, Peru and Chile lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average compound plasticisers export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Brazil ($X per ton), while the average price for exports to Uruguay ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports

Imports into Argentina

In 2023, after two years of growth, there was significant decline in purchases abroad of compound plasticisers for rubber or plastics, when their volume decreased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, compound plasticisers imports reduced notably to $X in 2023. Over the period under review, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of compound plasticisers imports to Argentina, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers suppliers to Argentina were the United States ($X), Germany ($X) and China ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average compound plasticisers import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform