Argentina: Hand Sieve Market 2024

Hand Sieve Market Size in Argentina

In 2022, the Argentinian hand sieve market increased by 617% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw resilient growth. Hand sieve consumption peaked in 2022 and is likely to see steady growth in the near future.

Hand Sieve Production in Argentina

In value terms, hand sieve production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth appeared the most rapid in 2014 with a decrease of -35.4% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Hand Sieve Exports

Exports from Argentina

In 2022, after three years of growth, there was significant decline in shipments abroad of hand sieves and hand riddles, when their volume decreased by -94.6% to X units. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 486% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank sharply in the following year.

In value terms, hand sieve exports fell sharply to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 376% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Chile (X units) was the main destination for hand sieve exports from Argentina, with a 74% share of total exports. Moreover, hand sieve exports to Chile exceeded the volume sent to the second major destination, Bolivia (X units), fourfold. Uruguay (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-2.4% per year) and Uruguay (-23.2% per year).

In value terms, Chile ($X) remains the key foreign market for hand sieves and hand riddles exports from Argentina, comprising 68% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 13% share of total exports. It was followed by Bolivia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Chile amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-17.7% per year) and Bolivia (-4.2% per year).

Export Prices by Country

The average hand sieve export price stood at $X per unit in 2022, surging by 97% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Bolivia ($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 (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Sieve Imports

Imports into Argentina

In 2022, approx. X units of hand sieves and hand riddles were imported into Argentina; increasing by 343% compared with the previous year. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 600% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hand sieve imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X units), China (X units) and Turkey (X units) were the main suppliers of hand sieve imports to Argentina, with a combined 78% share of total imports. The United States and Italy lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of hand sieves and hand riddles to Argentina, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 22% share of total imports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+23.0% per year) and Turkey (-7.5% per year).

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, waning by -60.2% against the previous year. Overall, the import price, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2013 an increase of 471% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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