Argentina: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Argentina

The Argentinian food manufacture machinery market skyrocketed to $X in 2021, picking up by 24% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Food Manufacture Machinery Production in Argentina

In value terms, food manufacture machinery production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 63%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Argentina

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for food manufacture machinery exports from Argentina, with a 67% share of total exports. Moreover, food manufacture machinery exports to Chile exceeded the volume sent to the second major destination, Paraguay (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+29.4% per year) and Uruguay (-12.6% per year).

In value terms, Chile ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Argentina, comprising 64% of total exports. The second position in the ranking was held by Paraguay ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+33.9% per year) and Uruguay (-14.9% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, reducing by -4% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 40% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Chile ($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 Venezuela (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Argentina

In 2021, food manufacture machinery imports into Argentina skyrocketed to X units, rising by 75% on the previous year's figure. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, food manufacture machinery imports contracted to $X in 2021. Overall, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of food manufacture machinery to Argentina, with a 75% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. The third position in this ranking was taken by Brazil (X units), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.5% per year) and Brazil (+2.7% per year).

In value terms, China ($X), Brazil ($X) and Italy ($X) appeared to be the largest food manufacture machinery suppliers to Argentina, together accounting for 68% of total imports. These countries were followed by Spain and the United States, which together accounted for a further 6.8%.

Among the main suppliers, Spain, with a CAGR of +12.3%, saw 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 food manufacture machinery import price stood at $X per unit in 2021, waning by -46.2% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 72% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($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 (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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