Argentina: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Argentina

In 2022, the Argentinian cranks and crankshafts market increased by 9.7% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +77.0% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Cranks And Crankshafts Exports

Exports from Argentina

In 2022, overseas shipments of cranks and crankshafts increased by 45% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a drastic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports soared to $X in 2022. Overall, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), the United Arab Emirates (X tons) and Brazil (X tons) were the main destinations of cranks and crankshafts exports from Argentina, together accounting for 55% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +87.6%), while the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), Chile ($X) and the United States ($X) were the largest markets for cranks and crankshafts exported from Argentina worldwide, together accounting for 48% of total exports. The United Arab Emirates, Paraguay, Uruguay, Peru and Venezuela lagged somewhat behind, together accounting for a further 31%.

The United Arab Emirates, with a CAGR of +84.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cranks and crankshafts export price amounted to $X per ton, picking up by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Peru ($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 Romania (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Argentina

Cranks and crankshafts imports into Argentina rose rapidly to X tons in 2022, increasing by 5.6% compared with the previous year. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cranks and crankshafts imports amounted to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and Japan (X tons) were the main suppliers of cranks and crankshafts imports to Argentina, together comprising 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Japan ($X) and China ($X) appeared to be the largest cranks and crankshafts suppliers to Argentina, with a combined 55% share of total imports.

Among the main suppliers, Japan, with a CAGR of +29.6%, recorded the highest rates of growth with regard to the value of imports, 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 cranks and crankshafts import price amounted to $X per ton, with an increase of 5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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