Argentina: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Argentina

The Argentinian electronic material tester market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a pronounced decrease. Electronic material tester consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Electronic Material Tester Exports

Exports from Argentina

In 2021, electronic material tester exports from Argentina skyrocketed to X units, jumping by 114% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 1,337% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic material tester exports soared to $X in 2021. In general, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,555% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units), the United States (X units) and Uruguay (X units) were the main destinations of electronic material tester exports from Argentina, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +47.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from Argentina, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.1% per year) and Germany (-2.7% per year).

Export Prices by Country

In 2021, the average electronic material tester export price amounted to $X per unit, declining by -22.4% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Uruguay ($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 Saudi Arabia (+11.9%), while the prices for the other major destinations experienced a decline.

Electronic Material Tester Imports

Imports into Argentina

In 2021, approx. X units of electronic machines and appliances for testing materials were imported into Argentina; rising by 84% on 2020. In general, imports, however, recorded a slight setback. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electronic material tester imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Turkey (X units) were the main suppliers of electronic material tester imports to Argentina, together comprising 46% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +63.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electronic material tester suppliers to Argentina were the United States ($X), Denmark ($X) and India ($X), with a combined 44% share of total imports. These countries were followed by Germany, China, Brazil, Italy, Turkey and Spain, which together accounted for a further 27%.

Turkey, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electronic material tester import price amounted to $X per unit, rising by 18% against the previous year. Overall, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 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 Denmark ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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