Argentina: Chromatograph Market 2024

Chromatograph Market Size in Argentina

In 2022, the Argentinian chromatograph market increased by 39% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a slight downturn. Chromatograph consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chromatograph Exports

Exports from Argentina

Chromatograph exports from Argentina soared to X units in 2022, jumping by 17% on the previous year. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 857%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromatograph exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 1,219%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for chromatograph exports from Argentina, accounting for a 43% share of total exports. Moreover, chromatograph exports to the United States exceeded the volume sent to the second major destination, Estonia (X units), threefold. Paraguay (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (0.0% per year) and Paraguay (-9.4% per year).

It was followed by France, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +88.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-8.2% per year) and France (-12.9% per year).

Export Prices by Country

The average chromatograph export price stood at $X per unit in 2022, picking up by 363% against the previous year. Over the period under review, the export price posted a pronounced increase. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Estonia ($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 the Netherlands (+457.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chromatograph Imports

Imports into Argentina

In 2022, overseas purchases of chromatographs and electrophoresis instruments increased by 23% to X units, rising for the second year in a row after eight years of decline. In general, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chromatograph imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest chromatograph supplier to Argentina, with a 39% share of total imports. Moreover, chromatograph imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.2% per year) and Germany (-2.4% per year).

In value terms, the largest chromatograph suppliers to Argentina were Germany ($X), the United States ($X) and Japan ($X), with a combined 69% share of total imports. Singapore, the Netherlands, France, the UK, China and Italy lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +75.8%, saw the highest growth rate of the value of imports, among 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 2022, the average chromatograph import price amounted to $X per unit, increasing by 17% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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