Argentina: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Argentina

In 2021, the Argentinian electric heating resistor market increased by 81% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.6% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Exports

Exports from Argentina

After two years of growth, shipments abroad of electric heating resistors decreased by -46.9% to X units in 2021. Over the period under review, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 when exports increased by 65% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric heating resistor exports declined significantly to $X in 2021. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units), the United States (X units) and Brazil (X units) were the main destinations of electric heating resistor exports from Argentina, together comprising 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +22.7%), while the other leaders experienced mixed trend patterns.

In value terms, Bolivia ($X), Brazil ($X) and Uruguay ($X) appeared to be the largest markets for electric heating resistor exported from Argentina worldwide, together comprising 45% of total exports. The United States, Chile, Paraguay and Peru lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Peru, with a CAGR of +10.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electric heating resistor export price amounted to $X per unit, growing by 1.9% against the previous year. In general, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Resistor Imports

Imports into Argentina

In 2021, overseas purchases of electric heating resistors increased by 80% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric heating resistor to Argentina, accounting for a 73% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), tenfold. Italy (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-3.7% per year) and Italy (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of electric heating resistors to Argentina, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by Romania, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.1% per year) and Romania (-5.4% per year).

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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