Argentina: Computing Machinery Market 2024

Computing Machinery Market Size in Argentina

In 2021, the Argentinian computing machinery market increased by 51% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Computing Machinery Exports

Exports from Argentina

For the fourth year in a row, Argentina recorded decline in shipments abroad of computing machinery and parts and accessories thereof, which decreased by -31.6% to X tons in 2021. Overall, exports showed a sharp contraction. The growth pace was the most rapid in 2013 with an increase of 102%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports declined modestly to $X in 2021. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 197%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from Argentina, with a 65% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, Paraguay (X tons), ninefold. Chile (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-21.5% per year) and Chile (-15.7% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Argentina, comprising 80% of total exports. The second position in the ranking was held by Chile ($X), with a 6.1% share of total exports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-8.6% per year) and Germany (+10.8% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, growing by 46% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The export price peaked 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 Germany ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Argentina

In 2021, supplies from abroad of computing machinery and parts and accessories thereof increased by 14% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, computing machinery imports soared to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of computing machinery to Argentina, accounting for a 76% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.0% per year) and Mexico (-4.4% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Argentina, comprising 72% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.6% share of total imports. It was followed by Mexico, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.9% per year) and Mexico (+2.3% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, rising by 42% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price increased by +60.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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