Argentina: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Argentina

In 2022, the Argentinian brakes and servo-brakes market increased by 23% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Brakes and servo-brakes consumption peaked in 2022 and is likely to continue growth in years to come.

Brakes And Servo-Brakes Exports

Exports from Argentina

For the tenth year in a row, Argentina recorded decline in shipments abroad of brakes and servo-brakes, which decreased by -8% to X tons in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -0.8% was in 2017. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, brakes and servo-brakes exports amounted to $X in 2022. Overall, exports faced a dramatic decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Chile (X tons) and Uruguay (X tons) were the main destinations of brakes and servo-brakes exports from Argentina, together comprising 80% of total exports. Paraguay and the United States lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of -3.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for brakes and servo-brakes exported from Argentina were Brazil ($X), Uruguay ($X) and Chile ($X), together comprising 73% of total exports. Paraguay and the United States lagged somewhat behind, together accounting for a further 18%.

Paraguay, with a CAGR of -6.1%, saw 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 a decline.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, surging by 20% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 44%. The export price peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Argentina

In 2022, supplies from abroad of brakes and servo-brakes increased by 18% to X tons, rising for the second consecutive year after three years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, brakes and servo-brakes imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 76%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of brakes and servo-brakes to Argentina, accounting for a 71% share of total imports. Moreover, brakes and servo-brakes imports from Brazil exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.7% per year) and China (-2.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of brakes and servo-brakes to Argentina, comprising 61% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9.1% share of total imports. It was followed by Mexico, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.2% per year) and Mexico (+34.9% per year).

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, with an increase of 5.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 19% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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