Argentina: Shaft Coupling Market 2024

Shaft Coupling Market Size in Argentina

The Argentinian shaft coupling market stood at $X in 2022, picking up by 7.2% 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). Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +12.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.2% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Shaft Coupling Exports

Exports from Argentina

In 2022, shipments abroad of clutches and shaft couplings increased by 46% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a significant curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Mexico (X tons) and the United States (X tons) were the main destinations of shaft coupling exports from Argentina, together accounting for 61% of total exports. Paraguay, Bolivia, Chile, Germany and Uruguay lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Argentina were Mexico ($X), the United States ($X) and Brazil ($X), together accounting for 53% of total exports. Chile, Bolivia, Paraguay, Germany and Uruguay lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Germany, with a CAGR of +68.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, surging by 29% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 83%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil ($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 Brazil (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Argentina

In 2022, the amount of clutches and shaft couplings imported into Argentina reached X tons, picking up by 12% compared with 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, shaft coupling imports totaled $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Brazil (X tons) and Thailand (X tons) were the main suppliers of shaft coupling imports to Argentina, with a combined 70% share of total imports. The United States, Sweden, Germany, South Korea and Italy lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Argentina were the United States ($X), Brazil ($X) and Thailand ($X), with a combined 55% share of total imports. China, Germany, Italy, Sweden and South Korea lagged somewhat behind, together accounting for a further 34%.

South Korea, with a CAGR of +23.3%, recorded 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 shaft coupling import price stood at $X per ton in 2022, dropping by -3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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