Argentina: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Argentina

In 2021, the Argentinian market for toothed wheels, chain sprockets and other transmission elements increased by 27% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Argentina

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements exported from Argentina amounted to X tons, flattening at the year before. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 28%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by 39% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Argentina, with a 57% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Brazil exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.9% per year) and Chile (+2.4% per year).

In value terms, Brazil ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Argentina, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Chile, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and Chile (+6.5% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, increasing by 10% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for toothed wheels, chain sprockets and other transmission elements decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 84%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+97.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Argentina

Imports of toothed wheels, chain sprockets and other transmission elements into Argentina soared to X tons in 2021, jumping by 42% compared with the previous year. Overall, imports, however, continue to indicate a noticeable setback. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. In general, imports, however, saw a abrupt contraction. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest toothed wheels, chain sprockets and other transmission elements supplier to Argentina, with a 39% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.4% per year) and Thailand (-8.0% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest toothed wheels, chain sprockets and other transmission elements suppliers to Argentina, together accounting for 44% of total imports.

Among the main suppliers, China, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, shrinking by -18.7% against the previous year. Over the period under review, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of 42%. The import price peaked at $X per ton 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 the United States ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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