Argentina: Parachute Market 2024

Parachute Market Size in Argentina

In 2021, after five years of decline, there was significant growth in the Argentinian parachute market, when its value increased by 14% to $X. Overall, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Parachute Production in Argentina

In value terms, parachute production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 39%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Parachute Exports

Exports from Argentina

For the third consecutive year, Argentina recorded decline in shipments abroad of parachutes and rotochutes, which decreased by -14.8% to X kg in 2021. Over the period under review, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2018 when exports increased by 150% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, parachute exports declined dramatically to $X in 2021. Overall, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 168%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg), the Dominican Republic (X kg) and Chile (X kg) were the main destinations of parachute exports from Argentina, together accounting for 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of -16.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for parachute exported from Argentina were the Czech Republic ($X), the Dominican Republic ($X) and Spain ($X), together comprising 84% of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 91%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Chile ($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 Colombia (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into Argentina

In 2021, approx. X tons of parachutes and rotochutes were imported into Argentina; increasing by 319% against the previous year. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 2,512% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, parachute imports surged to $X in 2021. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,725%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of parachute to Argentina, with a 51% share of total imports. Moreover, parachute imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Brazil (X kg), sixfold. Israel (X kg) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +84.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+27.4% per year) and Israel (+39.0% per year).

In value terms, Italy ($X), Brazil ($X) and Taiwan (Chinese) ($X) appeared to be the largest parachute suppliers to Argentina, with a combined 39% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +78.9%, recorded 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 parachute import price stood at $X per ton in 2021, dropping by -45.8% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 75%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :