Argentina: Glass Ampoules Market 2024

Glass Ampoules Market Size in Argentina

The Argentinian glass ampoules market contracted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded a relatively flat trend pattern. Glass ampoules consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Ampoules Production in Argentina

In value terms, glass ampoules production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16% against the previous year. Glass ampoules production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Glass Ampoules Exports

Exports from Argentina

In 2022, glass ampoules exports from Argentina fell to X units, reducing by -6.1% against 2021 figures. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 379%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass ampoules exports fell to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 367%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Bolivia (X units) was the main destination for glass ampoules exports from Argentina, with a 71% share of total exports. Moreover, glass ampoules exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X units), threefold. India (X units) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+11.6% per year) and India (-45.0% per year).

In value terms, Paraguay ($X) remains the key foreign market for glass ampoules for packing of goods exports from Argentina, comprising 87% of total exports. The second position in the ranking was held by Bolivia ($X), with an 8.9% share of total exports. It was followed by India, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+18.7% per year) and India (-33.2% per year).

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per unit, with a decrease of -6.2% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 83%. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Bolivia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Ampoules Imports

Imports into Argentina

In 2022, the amount of glass ampoules for packing of goods imported into Argentina contracted to X units, falling by -9.9% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, glass ampoules imports shrank to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 84%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, India (X units) constituted the largest glass ampoules supplier to Argentina, with a 55% share of total imports. Moreover, glass ampoules imports from India exceeded the figures recorded by the second-largest supplier, Peru (X units), fourfold. The third position in this ranking was held by China (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-16.1% per year) and China (+37.7% per year).

In value terms, India ($X), Mexico ($X) and Peru ($X) constituted the largest glass ampoules suppliers to Argentina, together accounting for 87% of total imports.

In terms of the main suppliers, India, with a CAGR of +58.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass ampoules import price stood at $X per thousand units in 2022, waning by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $X per thousand units in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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