Argentina: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Argentina

In 2022, the Argentinian market for vacuum pumps and air or gas compressors increased by 7.5% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Argentina

In 2022, shipments abroad of vacuum pumps and air or gas compressors was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Brazil (X units) and Uruguay (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Argentina, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +8.9%), while the other leaders experienced a decline.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Argentina were the United States ($X), Brazil ($X) and Bolivia ($X), together accounting for 58% of total exports.

The United States, with a CAGR of +9.4%, 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 vacuum pumps and air or gas compressors amounted to $X per unit, waning by -33.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 142% against the previous year. The export price peaked at $X per unit in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($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 Italy (+42.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Argentina

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by 4.9% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of vacuum pumps and air or gas compressors rose sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Argentina, accounting for a 72% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-9.1% per year) and Thailand (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Argentina, comprising 43% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by Japan, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.8% per year) and Japan (+0.9% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, rising by 3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :