Argentina: Grinding Machine Market 2024

Grinding Machine Market Size in Argentina

The Argentinian grinding machine market skyrocketed to $X in 2021, growing by 31% 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 continues to indicate perceptible growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Grinding Machine Exports

Exports from Argentina

Grinding machine exports from Argentina soared to X units in 2021, picking up by 33% against 2020. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 161%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding machine exports expanded significantly to $X in 2021. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 55%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for grinding machine exports from Argentina, with a 53% share of total exports. Moreover, grinding machine exports to Spain exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was taken by Paraguay (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.4% per year) and Paraguay (+8.2% per year).

In value terms, the largest markets for grinding machine exported from Argentina were Brazil ($X), Chile ($X) and Paraguay ($X), together comprising 57% of total exports. These countries were followed by Spain, Colombia, Mexico, Peru and Uruguay, which together accounted for a further 43%.

In terms of the main countries of destination, Mexico, with a CAGR of +16.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, which is down by -18.7% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The growth pace was the most rapid in 2016 when the average export price increased by 42%. The export price peaked at $X per unit in 2020, and then dropped sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per unit), while the average price for exports to Spain ($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 Ecuador (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Argentina

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into Argentina surged to X units, rising by 47% against the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 122% against the previous year. 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, grinding machine imports skyrocketed to $X in 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 106% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Italy (X units) were the main suppliers of grinding machine imports to Argentina, together comprising 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Argentina, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and China (+6.7% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, with a decrease of -16% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 53%. As a result, import price attained the peak level of $X per unit, and then contracted rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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