Argentina: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Argentina

In 2022, the Argentinian gearboxes and speed changers market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a resilient expansion. Gearboxes and speed changers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Gearboxes and Speed Changers in Argentina

In value terms, gearboxes and speed changers production expanded markedly to $X in 2022 estimated in export price. Overall, production showed noticeable growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Gearboxes and speed changers production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports from Argentina

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons, rising for the fourth consecutive year after six years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for gearboxes and speed changers exports from Argentina, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to Brazil exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) remains the key foreign market for gearboxes and speed changers exports from Argentina, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Argentina

After two years of decline, supplies from abroad of gearboxes and speed changers increased by X% to X tons in 2022. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, gearboxes and speed changers imports soared to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Argentina, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Italy (X% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest gearboxes and speed changers suppliers to Argentina, together comprising X% of total imports. Italy, Brazil, Spain and Denmark lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, 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

The average gearboxes and speed changers import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gearboxes and speed changers import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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