Argentina: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Argentina

In 2021, the Argentinian market for parts of harvester and threshers increased by 39% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a prominent expansion. Parts of harvester and threshers consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Argentina

In 2021, overseas shipments of parts of harvester and threshers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports surged to $X in 2021. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 49% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units) was the main destination for parts of harvester and threshers exports from Argentina, with a 89% share of total exports. Moreover, parts of harvester and threshers exports to Brazil exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Uruguay (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and Uruguay (+1.3% per year).

In value terms, Brazil ($X) remains the key foreign market for parts of harvester and threshers exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Uruguay, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.7% per year) and Uruguay (-0.1% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, declining by -45.9% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Brazil ($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 Venezuela (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Argentina

In 2021, purchases abroad of parts of harvester and threshers increased by 66% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports soared to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 241% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest parts of harvester and threshers supplier to Argentina, accounting for a 85% share of total imports. Moreover, parts of harvester and threshers imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and Germany (+2.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of parts of harvester and threshers to Argentina, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.6% per year) and Germany (+3.2% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, declining by -12.8% against the previous year. Overall, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2013 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 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 the United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform