Argentina: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Argentina

In 2021, the Argentinian respiration apparatus market increased by 0.6% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Respiration apparatus consumption peaked in 2021 and is expected to retain growth in the immediate term.

Respiration Apparatus Production in Argentina

In value terms, respiration apparatus production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a slight shrinkage. The growth pace was the most rapid in 2020 with an increase of 15%. Respiration apparatus production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Respiration Apparatus Exports

Exports from Argentina

In 2021, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus increased by 5.5% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 79%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, respiration apparatus exports rose slightly to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 78% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for respiration apparatus exports from Argentina, accounting for a 60% share of total exports. Moreover, respiration apparatus exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. The third position in this ranking was taken by Bolivia (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+15.9% per year) and Bolivia (-2.9% per year).

In value terms, the largest markets for respiration apparatus exported from Argentina were Uruguay ($X), Paraguay ($X) and Mexico ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of +12.1%, 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

The average respiration apparatus export price stood at $X per ton in 2021, shrinking by -2.1% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+69.4%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into Argentina

In 2021, supplies from abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus increased by 35% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, respiration apparatus imports rose markedly to $X in 2021. In general, imports saw a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 119%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest respiration apparatus supplier to Argentina, accounting for a 62% share of total imports. Moreover, respiration apparatus imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. The third position in this ranking was held by the United States (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.4% per year) and the United States (-7.7% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest respiration apparatus suppliers to Argentina, together accounting for 63% of total imports. Taiwan (Chinese), New Zealand, Australia, Italy, Mexico, France and Lithuania lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, New Zealand, with a CAGR of +45.4%, 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

In 2021, the average respiration apparatus import price amounted to $X per ton, declining by -19.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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