Argentina: Power Tool Market 2024

Power Tool Market Size in Argentina

In 2021, the Argentinian power tool market increased by 75% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +222.5% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Power Tool Exports

Exports from Argentina

In 2021, overseas shipments of power tools decreased by -74.5% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 100%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports fell remarkably to $X in 2021. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 254%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X units), Uruguay (X units) and the United States (X units) were the main destinations of power tool exports from Argentina, together comprising 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +33.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for power tools exports from Argentina, comprising 50% of total exports. The second position in the ranking was held by Uruguay ($X), with a 16% share of total exports. It was followed by Paraguay, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-25.2% per year) and Paraguay (-21.4% per year).

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, surging by 187% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Paraguay ($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 Chile (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Argentina

In 2021, purchases abroad of power tools increased by 66% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a notable increase from 2012 to 2021: its volume 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, imports increased by +244.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 107%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, power tool imports surged to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +215.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest power tool supplier to Argentina, with a 90% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.6% per year) and Mexico (-0.9% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Argentina, comprising 77% of total imports. The second position in the ranking was held by Brazil ($X), with a 9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.8% per year) and Mexico (-3.6% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, rising by 5.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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