Argentina: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Argentina

In 2021, the Argentinian radio navigation apparatus market increased by 35% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Argentina

In 2021, approx. X tons of radio navigational aid apparatus were exported from Argentina; falling by -41.2% on the previous year. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 323% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, radio navigation apparatus exports shrank dramatically to $X in 2021. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2016 when exports increased by 156% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X kg) was the main destination for radio navigation apparatus exports from Argentina, accounting for a 53% share of total exports. Moreover, radio navigation apparatus exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X kg), twofold. Paraguay (X kg) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-17.5% per year) and Paraguay (-12.3% per year).

In value terms, Brazil ($X), Uruguay ($X) and Paraguay ($X) appeared to be the largest markets for radio navigation apparatus exported from Argentina worldwide, with a combined 94% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of -4.1%, saw the highest growth rate of 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 radio navigation apparatus export price amounted to $X per ton, rising by 8.5% against the previous year. In general, the export price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 157% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Bolivia ($X per ton) and Uruguay ($X per ton), while the average price for exports to Brazil ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Navigation Apparatus Imports

Imports into Argentina

In 2021, overseas purchases of radio navigational aid apparatus increased by 32% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, saw a mild decrease. The pace of growth was the most pronounced in 2013 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, radio navigation apparatus imports soared to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), China (X tons) and the United States (X tons) were the main suppliers of radio navigation apparatus imports to Argentina, together comprising 71% of total imports. Taiwan (Chinese), Israel, Vietnam, Spain and Germany lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Israel ($X) appeared to be the largest radio navigation apparatus suppliers to Argentina, with a combined 54% share of total imports. These countries were followed by the United States, Taiwan (Chinese), Vietnam, Spain and Germany, which together accounted for a further 30%.

Spain, with a CAGR of +67.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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