Argentina: Test And Measurement Market 2025

Test And Measurement Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian test and measurement market, when its value increased by 33% to $X. In general, consumption saw a relatively flat trend pattern. Test and measurement consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Test And Measurement Exports

Exports from Argentina

Test and measurement exports from Argentina surged to X units in 2021, increasing by 22% on 2020. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, test and measurement exports shrank modestly to $X in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 12% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for test and measurement exports from Argentina, accounting for a 41% share of total exports. Moreover, test and measurement exports to Bolivia exceeded the volume sent to the second major destination, Chile (X units), twofold. Uruguay (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+0.3% per year) and Uruguay (-14.2% per year).

In value terms, the largest markets for test and measurement exported from Argentina were Bolivia ($X), the United States ($X) and Uruguay ($X), together accounting for 57% of total exports.

The United States, with a CAGR of +7.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average test and measurement export price amounted to $X per unit, falling by -20% against the previous year. Overall, the export price showed a noticeable curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Argentina

After three years of decline, supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 42% to X units in 2021. In general, imports, however, continue to indicate a perceptible decline. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, test and measurement imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X units), the UK (X units) and Mexico (X units) were the main suppliers of test and measurement imports to Argentina, together comprising 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +76.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement suppliers to Argentina were the United States ($X), China ($X) and Germany ($X), together accounting for 53% of total imports. These countries were followed by Italy, Brazil, Mexico, Japan, the UK, Poland and Spain, which together accounted for a further 35%.

The UK, with a CAGR of +18.5%, 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 more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, declining by -9.2% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, test and measurement import price decreased by -20.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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