Argentina: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Argentina

For the fourth consecutive year, the Argentinian market for iron or steel leaf-springs and leaves recorded decline in sales value, which decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Argentina

In value terms, production of iron or steel leaf-springs and leaves reduced modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Argentina

In 2020, after two years of growth, there was significant decline in shipments abroad of iron or steel leaf-springs and leaves, when their volume decreased by -X% to X tons. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2009 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves shrank rapidly to $X in 2020. Overall, exports recorded a precipitous descent. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth of exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from Argentina, accounting for a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), fourfold. The third position in this ranking was occupied by Paraguay (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Brazil totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-X% per year) and Paraguay (+X% per year).

In value terms, Brazil ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Brazil totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-X% per year) and Peru (+X% per year).

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Peru ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Argentina

In 2020, after two years of decline, there was significant growth in overseas purchases of iron or steel leaf-springs and leaves, when their volume increased by X% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves contracted to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to Argentina, with a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of iron or steel leaf-spring and leave to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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