Argentina: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Argentina

The Argentinian grinding and sharpening machine market skyrocketed to $X in 2022, with an increase of 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a buoyant increase. Grinding and sharpening machine consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Argentina

Grinding and sharpening machine exports from Argentina dropped notably to X units in 2022, falling by -15.2% compared with the year before. Over the period under review, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2016 when exports increased by 164% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports reduced rapidly to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 109% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for grinding and sharpening machine exports from Argentina, with a 49% share of total exports. Moreover, grinding and sharpening machine exports to Chile exceeded the volume sent to the second major destination, Uruguay (X units), threefold. The third position in this ranking was taken by Bolivia (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and Bolivia (+2.9% per year).

In value terms, Chile ($X), Uruguay ($X) and the United States ($X) were the largest markets for grinding and sharpening machine exported from Argentina worldwide, with a combined 81% share of total exports. Paraguay, Bolivia, Brazil and Canada lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Paraguay, with a CAGR of +33.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, which is down by -10% against the previous year. Overall, the export price showed a mild descent. The growth pace was the most rapid in 2015 when the average export price increased by 226%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($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 Paraguay (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Argentina

In 2022, the amount of grinding and sharpening metal finishing machines imported into Argentina surged to X units, rising by 40% compared with 2021 figures. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2021 when imports increased by 143% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, grinding and sharpening machine imports reduced modestly to $X in 2022. In general, imports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 64% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest grinding and sharpening machine supplier to Argentina, accounting for a 86% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and Taiwan (Chinese) (+7.8% per year).

In value terms, the largest grinding and sharpening machine suppliers to Argentina were China ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined 68% share of total imports.

China, with a CAGR of +9.7%, recorded 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 a decline.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, dropping by -29.8% against the previous year. In general, the import price recorded a sharp slump. The most prominent rate of growth was recorded in 2019 an increase of 37%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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