Argentina: Memories Market 2024

Memories Market Size in Argentina

The Argentinian memories market skyrocketed to $X in 2021, growing by 47% 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). Overall, consumption, however, continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Memories Exports

Exports from Argentina

For the third consecutive year, Argentina recorded decline in shipments abroad of multichip integrated circuits: memories, which decreased by -30.8% to X units in 2021. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 4,107%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, memories exports dropped sharply to $X in 2021. In general, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2018 with an increase of 4,893% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for memories exports from Argentina, with a 67% share of total exports. Moreover, memories exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-14.1% per year) and Germany (+9.4% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for multichip integrated circuits: memories exports from Argentina, comprising 92% of total exports. The second position in the ranking was held by Germany ($X), with a 1.6% share of total exports. It was followed by Hong Kong SAR, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.9% per year) and Hong Kong SAR (-28.0% per year).

Export Prices by Country

In 2021, the average memories export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 1,049%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 the United States (+23.8%), while the prices for the other major destinations experienced a decline.

Memories Imports

Imports into Argentina

In 2021, supplies from abroad of multichip integrated circuits: memories was finally on the rise to reach X units for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, imports, however, faced a deep slump. The growth pace was the most rapid in 2013 when imports increased by 50%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, memories imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 98%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest memories supplier to Argentina, with a 66% share of total imports. Moreover, memories imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-16.5% per year) and South Korea (-19.0% per year).

In value terms, China ($X) constituted the largest supplier of multichip integrated circuits: memories to Argentina, comprising 52% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-15.8% per year) and Japan (+7.9% per year).

Import Prices by Country

The average memories import price stood at $X per unit in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :