Argentina: Steel Spring Market 2024

Steel Spring Market Size in Argentina

The Argentinian steel spring market totaled $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Steel spring consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Steel Spring Production in Argentina

In value terms, steel spring production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Steel Spring Exports

Exports from Argentina

In 2022, after three years of decline, there was significant growth in overseas shipments of steel springs and leaves for springs, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel spring exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for steel spring exports from Argentina, with a X% share of total exports. Moreover, steel spring exports to Mexico exceeded the volume sent to the second major destination, Uruguay (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Brazil (X% per year).

In value terms, the largest markets for steel spring exported from Argentina were the United States ($X), Mexico ($X) and Brazil ($X), with a combined X% share of total exports. Uruguay, Chile, South Africa, Paraguay and France lagged somewhat behind, together comprising a further X%.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel spring export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel spring export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Spring Imports

Imports into Argentina

In 2022, supplies from abroad of steel springs and leaves for springs increased by X% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, steel spring imports surged to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest steel spring supplier to Argentina, with a X% share of total imports. Moreover, steel spring imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled 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 ($X) constituted the largest supplier of steel springs and leaves for springs to Argentina, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, 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: the United States (X% per year) and China (X% per year).

Import Prices by Country

The average steel spring import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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