Argentina: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Argentina

For the third consecutive year, the Argentinian electric rotary converter market recorded growth in sales value, which increased by 88% to $X in 2021. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Electric Rotary Converter Exports

Exports from Argentina

In 2021, after two years of growth, there was decline in shipments abroad of electric rotary converters, when their volume decreased by 0% to X units. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 350% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric rotary converter exports stood at $X in 2021. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 587% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units), Brazil (X units) and Germany (X units) were the main destinations of electric rotary converter exports from Argentina.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) remains the key foreign market for electric rotary converters exports from Argentina, comprising 75% of total exports. The second position in the ranking was taken by Chile ($X), with a 17% share of total exports. It was followed by Germany, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at +88.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+22.1% per year) and Germany (-19.9% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, rising by 24% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Ecuador ($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 Brazil (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Rotary Converter Imports

Imports into Argentina

Electric rotary converter imports into Argentina surged to X units in 2021, with an increase of 75% compared with the previous year's figure. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 673%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric rotary converter imports surged to $X in 2021. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,848%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest electric rotary converter supplier to Argentina, accounting for a 30% share of total imports. Moreover, electric rotary converter imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Germany (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.4% per year) and Germany (+27.7% per year).

In value terms, the largest electric rotary converter suppliers to Argentina were Spain ($X), Germany ($X) and the United States ($X), with a combined 77% share of total imports.

Spain, with a CAGR of +103.4%, saw the highest growth rate of 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 electric rotary converter import price amounted to $X per unit, rising by 47% against the previous year. In general, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 205%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Latvia (+1,470.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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