Argentina: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Argentina

In 2021, the Argentinian conveyor or transmission belt market increased by 9.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Argentina

In value terms, conveyor or transmission belt production expanded to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Argentina

In 2021, after two years of growth, there was significant decline in overseas shipments of conveyor or transmission belts or belting, when their volume decreased by -55.7% to X tons. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 37%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports fell markedly to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 57%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for conveyor or transmission belt exports from Argentina, accounting for a 81% share of total exports. Moreover, conveyor or transmission belt exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.7% per year) and Mexico (+33.3% per year).

In value terms, Brazil ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Argentina, comprising 81% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Mexico, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.6% per year) and Mexico (+24.3% per year).

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2021, shrinking by -11.8% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Colombia ($X per ton), while the average price for exports to Mexico ($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 Venezuela (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Argentina

After three years of decline, overseas purchases of conveyor or transmission belts or belting increased by 30% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, conveyor or transmission belt imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of conveyor or transmission belt imports to Argentina, together comprising 68% of total imports. Italy, the United States, Thailand, Germany, France, Taiwan (Chinese), Poland and Mexico lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Argentina were Brazil ($X), China ($X) and the United States ($X), together comprising 54% of total imports. These countries were followed by Germany, France, Italy, India, Thailand, Mexico, Poland and Taiwan (Chinese), which together accounted for a further 34%.

Taiwan (Chinese), with a CAGR of +15.9%, saw 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

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, surging by 2.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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