Argentina: Circuit Breaker Market 2024

Circuit Breaker Market Size in Argentina

The Argentinian circuit breaker market expanded rapidly to $X in 2022, growing by 9.1% 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). The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Circuit breaker consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Circuit Breaker Exports

Exports from Argentina

After two years of decline, shipments abroad of automatic circuit breakers increased by 305% to X units in 2022. In general, exports, however, showed a pronounced setback. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, circuit breaker exports surged to $X in 2022. Over the period under review, exports, however, showed a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for circuit breaker exports from Argentina, with a 87% share of total exports. Moreover, circuit breaker exports to the United States exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold. Uruguay (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +113.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-21.0% per year) and Uruguay (-12.2% per year).

In value terms, the United States ($X) remains the key foreign market for automatic circuit breakers exports from Argentina, comprising 73% of total exports. The second position in the ranking was held by Brazil ($X), with an 8% share of total exports. It was followed by Uruguay, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-20.9% per year) and Uruguay (-13.8% per year).

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, waning by -29.9% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the United States ($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 Bolivia (+48.7%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Argentina

Circuit breaker imports into Argentina reached X units in 2022, with an increase of 6.5% against the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, circuit breaker imports surged to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest circuit breaker supplier to Argentina, accounting for a 80% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+66.3% per year) and Italy (+8.1% per year).

In value terms, China ($X) constituted the largest supplier of automatic circuit breakers to Argentina, comprising 44% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.1% per year) and Italy (+9.7% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, with an increase of 17% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 29%. As a result, import price reached the peak level of $X per unit. From 2020 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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