Argentina: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Argentina

The Argentinian sugar-manufacturing industrial machinery market declined rapidly to $X in 2022, shrinking by -47.6% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Sugar-manufacturing industrial machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Argentina

In value terms, sugar-manufacturing industrial machinery production stood at $X in 2022 estimated in export price. In general, production saw a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Argentina

In 2022, sugar-manufacturing industrial machinery exports from Argentina amounted to X units, remaining stable against 2021 figures. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 500%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports soared to $X in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 292% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for sugar-manufacturing industrial machinery exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Venezuela stood at -14.2%.

In value terms, Venezuela ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Argentina, comprising 100% of total exports. The second position in the ranking was held by Bolivia ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela totaled -27.6%.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, surging by 26% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 191%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Bolivia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+10.1%), while the prices for the other major destinations experienced a decline.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Argentina

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar imported into Argentina dropped significantly to X units, shrinking by -45.1% against 2021 figures. Overall, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 810%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports reduced remarkably to $X in 2022. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 1,316%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to Argentina, accounting for a 58% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-18.2% per year) and the United States (+2.3% per year).

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Argentina were the United States ($X), Italy ($X) and Brazil ($X), with a combined 77% share of total imports.

The United States, with a CAGR of +17.8%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, with a decrease of -2.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, average import prices hit record highs 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 the United States ($X per unit), while the price for Italy ($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 (+16.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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