Argentina: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Argentina

In 2022, the Argentinian market for turbo, rotary and reciporating displacement compressors increased by 7.8% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Argentina

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors increased by 20% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 123%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Argentina, accounting for a 80% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Brazil exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Chile (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.8% per year) and Chile (-2.8% per year).

In value terms, the United States ($X), Brazil ($X) and Chile ($X) appeared to be the largest markets for turbo, rotary and reciporating displacement compressor exported from Argentina worldwide, together accounting for 61% of total exports. Germany, Uruguay and Mexico lagged somewhat behind, together comprising a further 7.6%.

Germany, with a CAGR of +18.1%, 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

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, growing by 35% against the previous year. Over the period under review, the export price, however, faced a deep slump. The pace of growth was the most pronounced in 2019 an increase of 63%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Argentina

In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors increased by 21% to X units, rising for the third year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. Imports peaked at X units in 2013; afterwards, it flattened through to 2022.

In value terms, imports of turbo, rotary and reciporating displacement compressors stood at $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 76%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to Argentina, with a 73% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The third position in this ranking was taken by Brazil (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+50.7% per year) and Brazil (-1.9% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Argentina were China ($X), Japan ($X) and Brazil ($X), together accounting for 56% of total imports. The United States, Germany, India, Slovakia and Thailand lagged somewhat behind, together comprising a further 29%.

Slovakia, with a CAGR of +106.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, shrinking by -16.9% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for turbo, rotary and reciporating displacement compressors decreased by -40.5% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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