Price for Powders of Pig Iron in Argentina - 2023

Price for Powders of Pig Iron in Argentina (CIF) - 2022

The average powders of pig iron import price stood at $1,614 per ton in 2022, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,723 per ton), while the price for Brazil ($1,359 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Argentina (FOB) - 2022

In 2022, the average powders of pig iron export price amounted to $1,115 per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 120%. As a result, the export price attained the peak level of $10,053 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -4.7% per year.

Imports of Powders of Pig Iron in Argentina

In 2022, powders of pig iron imports into Argentina surged to 2.1K tons, rising by 34% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports skyrocketed to $3.5M in 2022. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Powders of Pig Iron in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	1,062	770	903	1,425	10.3%
China	177	188	250	439	35.4%
France	43.6	63.5	78.2	312	92.7%
Sweden	324	298	352	245	-8.9%
Germany	332	29.5	7.8	224	-12.3%
Canada	25.0	82.2	43.4	76.2	45.0%
Bosnia and Herzegovina	18.6	17.3	35.2	61.9	49.3%
Others	126	121	537	669	74.5%
Total	2,108	1,569	2,207	3,451	17.9%

Top Suppliers of Powders of Pig Iron to Argentina in 2022:

Brazil (1048.6 tons)
China (303.0 tons)
Sweden (152.9 tons)
France (148.1 tons)
Germany (76.5 tons)
Canada (55.0 tons)
Bosnia and Herzegovina (40.2 tons)

Exports of Powders of Pig Iron in Argentina

After three years of growth, overseas shipments of powders of pig ira decreased by -24.9% to 18 tons in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 13,745%.

In value terms, powders of pig iron exports contracted markedly to $20K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 8,054% against the previous year.