Argentina: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Argentina

The Argentinian agricultural appliance market contracted to $X in 2021, with a decrease of -6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a deep downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports from Argentina

In 2021, after three years of decline, there was significant growth in shipments abroad of agricultural appliances, when their volume increased by 9,994% to X units. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural appliance exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for agricultural appliance exports from Argentina, accounting for a 85% share of total exports. Moreover, agricultural appliance exports to Angola exceeded the volume sent to the second major destination, Bolivia (X units), more than tenfold. The third position in this ranking was held by Spain (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Angola stood at +533.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-18.9% per year) and Spain (+38.8% per year).

In value terms, Angola ($X) emerged as the key foreign market for agricultural appliances exports from Argentina, comprising 92% of total exports. The second position in the ranking was held by Uruguay ($X), with a 2.2% share of total exports. It was followed by Spain, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Angola stood at +67.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-31.1% per year) and Spain (+4.7% per year).

Export Prices by Country

In 2021, the average agricultural appliance export price amounted to $X per unit, waning by -51.4% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 170%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uruguay ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+44.9%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Appliance Imports

Imports into Argentina

Agricultural appliance imports into Argentina shrank to X units in 2021, with a decrease of -7.3% against the year before. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2013 with an increase of 20%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, agricultural appliance imports rose remarkably to $X in 2021. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 63%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Israel (X units) were the main suppliers of agricultural appliance imports to Argentina, with a combined 66% share of total imports. These countries were followed by Brazil, the United States, Spain and Mexico, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of agricultural appliances to Argentina, comprising 40% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Mexico, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-12.6% per year) and Mexico (+9.9% per year).

Import Prices by Country

In 2021, the average agricultural appliance import price amounted to $X per unit, jumping by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform