Argentina: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Argentina

In 2021, the Argentinian harvesting machinery market increased by 23% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.5% against 2019 indices. Harvesting machinery consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Harvesting Machinery Exports

Exports from Argentina

In 2021, the amount of root or tuber harvesting machines exported from Argentina stood at X units, remaining stable against 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, harvesting machinery exports surged to $X in 2021. In general, exports recorded a noticeable increase. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for harvesting machinery exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile was relatively modest.

In value terms, Chile ($X) also remains the key foreign market for root or tuber harvesting machines exports from Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +23.2%.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, waning by -30.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to -0.7% per year.

Harvesting Machinery Imports

Imports into Argentina

In 2021, supplies from abroad of root or tuber harvesting machines increased by 26% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, harvesting machinery imports soared to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.2% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), Germany (X units) and Belgium (X units) were the main suppliers of harvesting machinery imports to Argentina, with a combined 38% share of total imports. These countries were followed by Brazil, Denmark and Canada, which together accounted for a further 8.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest harvesting machinery suppliers to Argentina were Spain ($X), Germany ($X) and Belgium ($X), with a combined 40% share of total imports. Denmark, Canada, Brazil and Italy lagged somewhat behind, together comprising a further 5.8%.

Brazil, with a CAGR of +43.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 harvesting machinery import price amounted to $X per unit, remaining constant against the previous year. In general, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2018 an increase of 26%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 Italy ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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