Argentina: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Argentina

In 2020, after three years of growth, there was decline in the Argentinian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019, and then fell slightly in the following year.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Argentina

In value terms, iron, steel or aluminium reservoir production expanded rapidly to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2020, production growth failed to regain momentum.

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Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Argentina

Iron, steel or aluminium reservoir exports from Argentina contracted to X units in 2020, with a decrease of X% on 2019 figures. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports fell slightly to $X in 2020. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Chile (X units) and Paraguay (X units) were the main destinations of iron, steel or aluminium reservoir exports from Argentina, with a combined X% share of total exports.

From 2012 to 2020, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Argentina were Peru ($X), Paraguay ($X) and Chile ($X), together accounting for X% of total exports.

Among the main countries of destination, Peru, with a CAGR of X%, 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, growing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2020, the average export prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Argentina

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers into Argentina shrank notably to X units, falling by X% compared with the previous year. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports declined significantly to $X in 2020. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Brazil (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Argentina, together comprising X% of total imports. The Czech Republic, India, Germany, Italy, Portugal and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest iron, steel or aluminium reservoir suppliers to Argentina, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, with an increase of X% against the previous year. In general, import price indicated resilient growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked in 2020 and is likely to see steady growth in the near future.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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