The ferroalloys production in Argentina stood at 24.34 thousand metric tons in 2023. Between 2013 and 2018, the production saw minor fluctuations but generally trended downwards, with a notable drop of 18.41% in 2020, followed by an 18.45% recovery in 2021. The compound annual growth rate (CAGR) over the past five years was -1.69%, indicating a gradual decline. This downward trend is expected to continue, with the CAGR for the next five years forecasted at -1.48%, resulting in a projected production of 22.17 thousand metric tons by 2028.
Future trends to watch for include:
- Potential advancements in production technology that could improve efficiency and reduce costs.
- Fluctuations in global demand for steel, which directly affects ferroalloys consumption.
- Economic policies and trade agreements within Argentina that could impact the mining and metallurgical sectors.
- Environmental regulations that may affect production processes and output levels.
