Argentina: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Argentina

In 2020, the Argentinian iron and steel wire market was finally on the rise to reach $X after two years of decline. Overall, consumption saw strong growth. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Iron and steel wire consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Argentina

In 2020, after two years of growth, there was significant decline in shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports fell sharply to $X in 2020. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for iron and steel wire exports from Argentina, with a X% share of total exports. Moreover, iron and steel wire exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), eightfold.

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

In value terms, Brazil ($X) remains the key foreign market for iron and steel wire exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

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

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uruguay ($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 Brazil, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Argentina

In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) were finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports stood at $X in 2020. In general, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tons) constituted the largest supplier of iron and steel wire to Argentina, with a X% share of total imports. Moreover, iron and steel wire imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, 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: China (+X% per year) and South Korea (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of iron and steel wire to Argentina, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

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