Argentina: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Argentina

In 2022, the Argentinian market for machine-tools for working stone, ceramics, and concrete increased by 5.9% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, enjoyed a buoyant expansion. Machine tools for working stone consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Argentina

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Argentina; picking up by 153% on the year before. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 333%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports skyrocketed to $X in 2022. Overall, exports, however, showed a precipitous decline. The growth pace was the most rapid in 2018 with an increase of 617% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for machine tools for working stone exports from Argentina, with a 42% share of total exports. Moreover, machine tools for working stone exports to India exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Panama (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.5% per year) and Panama (-18.2% per year).

In value terms, the largest markets for machine tools for working stone exported from Argentina were Algeria ($X), India ($X) and the United States ($X), with a combined 52% share of total exports.

Algeria, with a CAGR of -4.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, picking up by 12% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Guatemala ($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 Algeria (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Argentina

In 2022, machine tools for working stone imports into Argentina shrank slightly to X units, dropping by -3% against the previous year's figure. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 304%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, machine tools for working stone imports skyrocketed to $X in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of machine tools for working stone imports to Argentina, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Argentina, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Spain, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Spain (+0.1% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, increasing by 20% against the previous year. Over the period under review, the import price saw slight growth. The pace of growth was the most pronounced in 2015 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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