Argentina: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Argentina

The Argentinian gravimetric filling machine market contracted to $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Gravimetric Filling Machine Production in Argentina

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. In general, production saw a prominent increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 556% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Gravimetric Filling Machine Exports

Exports from Argentina

In 2022, overseas shipments of automatic gravimetric filling machines were finally on the rise to reach X units after two years of decline. In general, exports, however, saw a deep setback. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravimetric filling machine exports soared to $X in 2022. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for gravimetric filling machine exports from Argentina, accounting for a 65% share of total exports. Moreover, gravimetric filling machine exports to Uruguay exceeded the volume sent to the second major destination, Chile (X units), fourfold. Paraguay (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.4% per year) and Paraguay (+0.5% per year).

In value terms, the largest markets for gravimetric filling machine exported from Argentina were Chile ($X), Uruguay ($X) and Paraguay ($X), with a combined 94% share of total exports.

Uruguay, with a CAGR of -4.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average gravimetric filling machine export price stood at $X per unit in 2022, shrinking by -52.4% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 146% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay ($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 Peru (-4.1%), while the prices for the other major destinations experienced a decline.

Gravimetric Filling Machine Imports

Imports into Argentina

In 2022, purchases abroad of automatic gravimetric filling machines increased by 17% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of 204%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, gravimetric filling machine imports surged to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 304%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of gravimetric filling machine to Argentina, accounting for a 69% share of total imports. Moreover, gravimetric filling machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+37.9% per year) and Germany (+18.3% per year).

In value terms, the largest gravimetric filling machine suppliers to Argentina were Germany ($X), the United States ($X) and Brazil ($X), with a combined 61% share of total imports.

The United States, with a CAGR of +26.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 gravimetric filling machine import price stood at $X per unit in 2022, jumping by 48% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 72%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Italy (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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