Argentina: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Argentina

The Argentinian machinery electrical parts market reduced modestly to $X in 2022, which is down by -4.3% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +4.9% against 2020 indices. Machinery electrical parts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Machinery Electrical Parts Production in Argentina

In value terms, machinery electrical parts production dropped to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 45% against the previous year. Machinery electrical parts production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports from Argentina

In 2022, overseas shipments of electrical parts of machinery or apparatus decreased by -9.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by 439% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machinery electrical parts exports shrank modestly to $X in 2022. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2018 with an increase of 451%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brunei Darussalam (X tons) was the main destination for machinery electrical parts exports from Argentina, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam was relatively modest.

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for electrical parts of machinery or apparatus exports from Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam was relatively modest.

Export Prices by Country

The average machinery electrical parts export price stood at $X per ton in 2022, growing by 6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +0.4% per year.

Machinery Electrical Parts Imports

Imports into Argentina

After two years of growth, supplies from abroad of electrical parts of machinery or apparatus decreased by -6.5% to X tons in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 65%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, machinery electrical parts imports contracted remarkably to $X in 2022. Overall, imports, however, saw tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

China (X tons), Spain (X tons) and Brazil (X tons) were the main suppliers of machinery electrical parts imports to Argentina, with a combined 90% share of total imports. Germany and South Korea lagged somewhat behind, together accounting for a further 7.2%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery electrical parts suppliers to Argentina were China ($X), Brazil ($X) and Spain ($X), together accounting for 80% of total imports. Germany and South Korea lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Germany, with a CAGR of +19.8%, 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 machinery electrical parts import price amounted to $X per ton, falling by -13.8% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, 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 South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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