Argentina: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Argentina

In 2021, the Argentinian market for parts of apparatus of hs increased by 50% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a mild decrease. Parts of apparatus of hs consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Parts Of Apparatus Of Hs

Exports from Argentina

In 2021, overseas shipments of parts of apparatus of hs decreased by -45.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp setback. The pace of growth was the most pronounced in 2016 when exports increased by 113%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports reduced remarkably to $X in 2021. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 125% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for parts of apparatus of hs exports from Argentina, with a 83% share of total exports. Moreover, parts of apparatus of hs exports to Chile exceeded the volume sent to the second major destination, Brazil (X units), eightfold. Uruguay (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-40.5% per year) and Uruguay (-38.1% per year).

In value terms, Chile ($X) emerged as the key foreign market for parts of apparatus of hs exports from Argentina, comprising 92% of total exports. The second position in the ranking was taken by Brazil ($X), with a 3.3% share of total exports. It was followed by the United States, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-36.2% per year) and the United States (-22.0% per year).

Export Prices by Country

The average export price for parts of apparatus of hs stood at $X per unit in 2021, picking up by 22% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 64%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil ($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 Chile (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Argentina

In 2021, supplies from abroad of parts of apparatus of hs increased by 39% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, parts of apparatus of hs imports soared to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Argentina, accounting for a 83% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.9% per year) and Thailand (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Argentina, comprising 65% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by Vietnam, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+21.8% per year) and Vietnam (+10.3% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, surging by 9% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price increased by +42.2% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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