Argentina: Electroplating Machine Market 2024

Electroplating Machine Market Size in Argentina

The Argentinian electroplating machine market soared to $X in 2021, rising by 85% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Electroplating Machine Exports

Exports from Argentina

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2014 when exports increased by 145% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, electroplating machine exports fell to $X in 2021. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2014 when exports increased by 170%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for electroplating machine exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia was relatively modest.

In value terms, Bolivia ($X) emerged as the key foreign market for electroplating machine exports from Argentina, comprising 72% of total exports. The second position in the ranking was taken by Spain ($X), with a 24% share of total exports. It was followed by Ecuador, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+63.1% per year) and Ecuador (-19.1% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, reducing by -36.8% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 97%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Bolivia ($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 Spain (+208.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Argentina

In 2021, the amount of machines for electroplating, electrolysis or electrophoresis imported into Argentina skyrocketed to X units, growing by 85% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 10,199%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electroplating machine imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 917%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main electroplating machine supplier to Argentina, accounting for a 94% share of total imports. It was followed by Belgium (X units), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +190.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-25.4% per year) and Brazil (-53.1% per year).

In value terms, China ($X) constituted the largest supplier of electroplating machine to Argentina, comprising 28% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-16.8% per year) and Brazil (+15.6% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, growing by 39% against the previous year. Overall, the import price, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 1,172% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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