Argentina: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Argentina

The Argentinian fuel or lubricating pump market fell to $X in 2021, reducing by -10.5% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +51.2% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Argentina

In value terms, fuel or lubricating pump production reduced dramatically to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +41.6% against 2015 indices. The growth pace was the most rapid in 2020 when the production volume increased by 60% against the previous year. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Argentina

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from Argentina; surging by 1.9% against the previous year's figure. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 5.9% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports fell to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The smallest decline of -3.1% was in 2017. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for fuel or lubricating pump exports from Argentina, accounting for a 55% share of total exports. Moreover, fuel or lubricating pump exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X units), fourfold. The third position in this ranking was held by Chile (X units), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-5.0% per year) and Chile (-4.7% per year).

In value terms, Brazil ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Argentina, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Uruguay, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.1% per year) and Uruguay (-7.5% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, with a decrease of -8.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 30%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Uruguay ($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 France (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Argentina

In 2021, after two years of decline, there was significant growth in purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, when their volume increased by 50% to X units. Over the period under review, imports saw a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and Thailand (X units) were the main suppliers of fuel or lubricating pump imports to Argentina, with a combined 67% share of total imports. These countries were followed by Germany, France, Spain, the Czech Republic, Italy, the United States and India, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Brazil ($X) and the United States ($X) appeared to be the largest fuel or lubricating pump suppliers to Argentina, with a combined 58% share of total imports. These countries were followed by the Czech Republic, China, France, Germany, Italy, Spain and India, which together accounted for a further 32%.

The Czech Republic, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of imports, among 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 fuel or lubricating pump import price amounted to $X per unit, rising by 6.8% against the previous year. In general, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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