Report Update Apr 1, 2024

Argentina - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Iron And Steel Market 2024

Iron And Steel Market Size in Argentina

The Argentinian iron and steel market stood at $X in 2021, with an increase of 2.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. Iron and steel consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Iron And Steel Production in Argentina

In value terms, iron and steel production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Iron And Steel Exports

Exports from Argentina

In 2021, the amount of iron and steel exported from Argentina soared to X tons, growing by 237% against the year before. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 13,389% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron and steel exports skyrocketed to $X in 2021. In general, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of 10,205% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for iron and steel exports from Argentina, accounting for a 74% share of total exports. Moreover, iron and steel exports to France exceeded the volume sent to the second major destination, South Africa (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Chile (-21.5% per year).

In value terms, Chile ($X), South Africa ($X) and France ($X) appeared to be the largest markets for iron and steel exported from Argentina worldwide, with a combined 99% share of total exports.

Among the main countries of destination, France, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average iron and steel export price stood at $X per ton in 2021, declining by -57.1% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 346% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+17.3%).

Iron And Steel Imports

Imports into Argentina

In 2021, purchases abroad of iron and steel increased by 343% to X tons, rising for the second year in a row after three years of decline. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 965%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, iron and steel imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 457% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main iron and steel supplier to Argentina, with a 99% share of total imports. It was followed by Paraguay (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +16.2%.

In value terms, Brazil ($X) constituted the largest supplier of iron and steel to Argentina, comprising 99% of total imports. The second position in the ranking was taken by Paraguay ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +16.9%.

Import Prices by Country

The average iron and steel import price stood at $X per ton in 2021, increasing by 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Paraguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+1.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?

China constituted the country with the largest volume of iron and steel consumption, accounting for 64% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of iron and steel in the world?

China constituted the country with the largest volume of iron and steel production, comprising approx. 63% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Japan ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of iron and steel to Argentina?

In value terms, Brazil constituted the largest supplier of iron and steel to Argentina, comprising 99% of total imports. The second position in the ranking was taken by Paraguay, with less than 0.1% share of total imports.

What are the leading importers of iron and steel from Argentina?

In value terms, the largest markets for iron and steel exported from Argentina were Chile $507), South Africa $411) and France $34), with a combined 99% share of total exports.

What is the average export price for iron and steel in Argentina?

The average iron and steel export price stood at $585 per ton in 2021, waning by -57.1% against the previous year.

What is the average import price for iron and steel in Argentina?

In 2021, the average iron and steel import price amounted to $533 per ton, picking up by 25% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023