Argentina: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Argentina

The Argentinian meat-preparation industrial machinery market soared to $X in 2022, with an increase of 28% against the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Meat-Preparation Industrial Machinery Production in Argentina

In value terms, meat-preparation industrial machinery production rose notably to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 489% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of industrial machinery for the preparation of meat or poultry, when their volume increased by 406% to X units. In general, exports, however, recorded a deep setback. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 72%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units) was the main destination for meat-preparation industrial machinery exports from Argentina, with a 55% share of total exports. Moreover, meat-preparation industrial machinery exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X units), threefold. The third position in this ranking was held by Brazil (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+4.6% per year) and Brazil (-10.1% per year).

In value terms, Uruguay ($X), Brazil ($X) and Bolivia ($X) appeared to be the largest markets for meat-preparation industrial machinery exported from Argentina worldwide, together comprising 70% of total exports. Paraguay, Peru and the United States lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, the United States, with a CAGR of +24.7%, saw 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

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, falling by -68.3% against the previous year. Overall, the export price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 221% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Uruguay ($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 (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Argentina

In 2022, purchases abroad of industrial machinery for the preparation of meat or poultry increased by 92% to X units, rising for the third year in a row after two years of decline. Overall, imports posted notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) constituted the largest meat-preparation industrial machinery supplier to Argentina, accounting for a 62% share of total imports. Moreover, meat-preparation industrial machinery imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was held by the Netherlands (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and the Netherlands (+9.9% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to Argentina were Germany ($X), the Netherlands ($X) and China ($X), together accounting for 57% of total imports. Brazil, the United States, Spain and Italy lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, the United States, with a CAGR of +6.0%, recorded the highest growth rate of 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 meat-preparation industrial machinery import price stood at $X per unit in 2022, reducing by -8.1% against the previous year. Over the period under review, the import price showed a pronounced contraction. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :