Argentina: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Argentina

In 2022, the Argentinian confectionery-making industrial machinery market increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a tangible expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports from Argentina

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported from Argentina; declining by -22.3% on 2021. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 8,075% against the previous year. As a result, the exports reached the peak of X units, and then shrank significantly in the following year.

In value terms, confectionery-making industrial machinery exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 10,479%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Mexico (X units), Peru (X units) and Luxembourg (X units) were the main destinations of confectionery-making industrial machinery exports from Argentina, together comprising 52% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +1,900.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Argentina, comprising 55% of total exports. The second position in the ranking was taken by Chile ($X), with a 12% share of total exports. It was followed by Peru, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+16.0% per year) and Peru (+20.4% per year).

Export Prices by Country

The average confectionery-making industrial machinery export price stood at $X per unit in 2022, reducing by -35.1% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 56%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Luxembourg ($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 Mexico (+6.0%), while the prices for the other major destinations experienced a decline.

Confectionery-Making Industrial Machinery Imports

Imports into Argentina

Confectionery-making industrial machinery imports into Argentina skyrocketed to X units in 2022, jumping by 92% compared with the year before. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 170% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2022. Over the period under review, imports posted moderate growth. The growth pace was the most rapid in 2014 when imports increased by 149%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of confectionery-making industrial machinery imports to Argentina, together comprising 66% of total imports. Spain, Austria, Italy, Lebanon, Switzerland, Chile and Brazil lagged somewhat behind, together accounting for a further 30%.

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

In value terms, the Netherlands ($X), Italy ($X) and China ($X) constituted the largest confectionery-making industrial machinery suppliers to Argentina, with a combined 57% share of total imports. These countries were followed by Germany, Switzerland, Austria, Spain, Chile, Brazil and Lebanon, which together accounted for a further 29%.

Spain, with a CAGR of +47.6%, recorded the highest growth rate of 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

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, shrinking by -29.1% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2017 an increase of 85%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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