Argentina: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Argentina

In 2021, the Argentinian wood bending machine market increased by 78% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Bending Machine Exports

Exports from Argentina

Wood bending machine exports from Argentina skyrocketed to X units in 2021, surging by 133% against 2020. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 400% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood bending machine exports surged to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 1,167% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units), Brazil (X units) and Belarus (X units) were the main destinations of wood bending machine exports from Argentina, with a combined 57% share of total exports. Moreover, wood bending machine exports in Spain exceeded the figures recorded by the second-largest exporter, Brazil, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for bending or assembling machines exports from Argentina, comprising 99% of total exports. The second position in the ranking was taken by Brazil ($X), with a 0.2% share of total exports. It was followed by Paraguay, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +224.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-22.7% per year) and Paraguay (-24.6% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, jumping by 37% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of 129%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Bolivia ($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 Belarus (+158.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Argentina

In 2021, supplies from abroad of bending or assembling machines increased by 62% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2020 when imports increased by 137% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports soared to $X in 2021. Overall, imports continue to indicate a pronounced expansion. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X units) constituted the largest supplier of wood bending machine to Argentina, with a 75% share of total imports. Moreover, wood bending machine imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Brazil (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +1,048.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.2% per year) and Brazil (-21.7% per year).

In value terms, the largest wood bending machine suppliers to Argentina were Denmark ($X), China ($X) and Italy ($X), with a combined 38% share of total imports.

Denmark, with a CAGR of +466.4%, recorded the highest growth rate of 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

In 2021, the average wood bending machine import price amounted to $X per unit, rising by 1,009% against the previous year. Overall, the import price posted strong growth. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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