Argentina: Electronic Chip Market 2024

Electronic Chip Market Size in Argentina

In 2021, the Argentinian electronic chip market increased by 29% to $X, rising for the second consecutive year after six years of decline. Overall, consumption, however, recorded a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Electronic Chip Exports

Exports from Argentina

After three years of decline, overseas shipments of electronic chips increased by 18% to X units in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 293% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic chip exports surged to $X in 2021. In general, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2014 with an increase of 215% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained 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 electronic chip exports from Argentina, together accounting for 93% of total exports. Paraguay, Mexico and Chile lagged somewhat behind, together accounting for a further 5.4%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +32.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electronic chip exported from Argentina were the United States ($X), Uruguay ($X) and Brazil ($X), together comprising 97% of total exports.

Uruguay, with a CAGR of +44.6%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, with an increase of 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price attained 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 Brazil ($X per unit), while the average price for exports to Paraguay (less than $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 Uruguay (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Argentina

In 2021, electronic chip imports into Argentina stood at X units, growing by 13% compared with the previous year. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electronic chip imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of 51%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electronic chip to Argentina, accounting for a 49% share of total imports. Moreover, electronic chip imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.4% per year) and South Korea (-2.0% per year).

In value terms, China ($X), Malaysia ($X) and Vietnam ($X) were the largest electronic chip suppliers to Argentina, with a combined 72% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +47.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per thousand units, with an increase of 18% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip import price increased by +60.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. The import price peaked at $X per thousand units in 2014; however, from 2015 to 2021, import prices remained at a 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 Costa Rica ($X per thousand units), while the price for South Korea ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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