Argentina: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Argentina

In 2022, the Argentinian self-propelled boring machinery market increased by 61% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Self-propelled boring machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from Argentina

After three years of growth, shipments abroad of self-propelled boring or sinking machinery decreased by -14.3% to X units in 2022. In general, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, self-propelled boring machinery exports contracted markedly to $X in 2022. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 251%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for self-propelled boring machinery exports from Argentina, accounting for a 50% share of total exports. Moreover, self-propelled boring machinery exports to Chile exceeded the volume sent to the second major destination, Brazil (X units), threefold. Spain (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Spain (0.0% per year).

In value terms, Chile ($X), Brazil ($X) and Spain ($X) appeared to be the largest markets for self-propelled boring machinery exported from Argentina worldwide, with a combined 92% share of total exports.

Chile, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, falling by -7.2% against the previous year. In general, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 251% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Argentina

In 2022, purchases abroad of self-propelled boring or sinking machinery increased by 48% to X units, rising for the second consecutive year after four years of decline. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 96%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports surged to $X in 2022. In general, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2015 with an increase of 93% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest self-propelled boring machinery supplier to Argentina, with a 41% share of total imports. Moreover, self-propelled boring machinery imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was held by Japan (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+7.2% per year) and Japan (+13.3% per year).

In value terms, China ($X), Finland ($X) and France ($X) appeared to be the largest self-propelled boring machinery suppliers to Argentina, with a combined 53% share of total imports. Japan, Peru, Sweden, Italy, South Korea, the United States and Poland lagged somewhat behind, together comprising a further 41%.

Peru, with a CAGR of +11.3%, recorded 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 2022, the average self-propelled boring machinery import price amounted to $X per unit, rising by 5.9% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 92%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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