Argentina: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Argentina

In 2022, the Argentinian market for lifts, elevators, moving stairways and draglines increased by 66% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a buoyant increase. Lift, elevator, stairway and dragline consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Argentina

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were exported from Argentina; which is down by -92.8% on the year before. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 466% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline exports dropped dramatically to $X in 2022. In general, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1,663% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for lift, elevator, stairway and dragline exports from Argentina, with a 85% share of total exports. Moreover, lift, elevator, stairway and dragline exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at -8.2%.

In value terms, Uruguay ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from Argentina, comprising 86% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to -4.7%.

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, picking up by 18% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 212% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external 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 Paraguay totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Argentina

In 2022, supplies from abroad of lifts, elevators, moving stairways and draglines increased by 45% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 117% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline imports skyrocketed to $X in 2022. In general, imports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2018 with an increase of 64%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lift, elevator, stairway and dragline to Argentina, accounting for a 52% share of total imports. Moreover, lift, elevator, stairway and dragline imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.1% per year) and Taiwan (Chinese) (+11.4% per year).

In value terms, the largest lift, elevator, stairway and dragline suppliers to Argentina were China ($X), Brazil ($X) and South Korea ($X), together comprising 67% of total imports. Thailand, Germany, Taiwan (Chinese), Australia, Belgium, Italy, Spain and the United States lagged somewhat behind, together accounting for a further 29%.

Australia, with a CAGR of +63.8%, saw the highest rates of growth with regard to the value of imports, among 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 import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, declining by -20.2% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 28%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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