In 2023, the import of wire of silico-manganese steel to Argentina stood at 4.138 million kilograms. Forecasted data suggests a steady increase in imports over the next five years. The year-on-year variations are as follows: from 2024 to 2025, there is an increase of approximately 1.47%, from 2025 to 2026, an increase of about 1.43%, from 2026 to 2027, an increase of 1.38%, and from 2027 to 2028, an increase of 1.33%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is roughly 1.46%.
Future trends to watch for include potential fluctuations in demand driven by changes in the automotive and construction sectors, which are key consumers of silico-manganese steel wire. Additionally, global supply chain dynamics and raw material costs will play significant roles in influencing future import volumes.
