Argentina: Heat Exchange Unit Market 2024

Heat Exchange Unit Exports

Exports from Argentina

In 2022, overseas shipments of heat exchange units increased by 2.4% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, heat exchange unit exports soared to $X in 2022. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for heat exchange unit exports from Argentina, with a 33% share of total exports. Moreover, heat exchange unit exports to the United States exceeded the volume sent to the second major destination, Paraguay (X units), twofold. The third position in this ranking was held by Brazil (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-6.5% per year) and Brazil (-24.2% per year).

In value terms, the largest markets for heat exchange unit exported from Argentina were the United States ($X), Germany ($X) and Uruguay ($X), together comprising 69% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +42.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average heat exchange unit export price stood at $X per unit in 2022, growing by 58% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heat exchange unit export price increased by +68.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Uruguay ($X per unit), while the average price for exports to Brazil ($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 Chile (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Argentina

In 2022, the amount of heat exchange units imported into Argentina shrank to X units, with a decrease of -12.8% on the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 47%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, heat exchange unit imports fell significantly to $X in 2022. Over the period under review, imports saw a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. 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

India (X units), Italy (X units) and the United States (X units) were the main suppliers of heat exchange unit imports to Argentina, together comprising 40% of total imports. These countries were followed by Brazil, China, Thailand, Germany, the Czech Republic, Poland, Canada, Sweden, Mexico and Spain, which together accounted for a further 54%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest heat exchange unit suppliers to Argentina were the United States ($X), Brazil ($X) and Germany ($X), together comprising 43% of total imports. These countries were followed by Italy, China, Thailand, the Czech Republic, Poland, Sweden, India, Canada, Mexico and Spain, which together accounted for a further 49%.

Among the main suppliers, Canada, with a CAGR of +44.3%, recorded 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 heat exchange unit import price stood at $X per unit in 2022, falling by -4% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :