Argentina: Travel Set Market 2025

Travel Set Market Size in Argentina

In 2021, the Argentinian travel set market decreased by -22% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Travel Set Production in Argentina

In value terms, travel set production rose significantly to $X in 2021 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 193% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Travel Set Exports

Exports from Argentina

In 2021, overseas shipments of travel sets increased by 22% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of 467%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, travel set exports declined notably to $X in 2021. Overall, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 with an increase of 472%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for travel set exports from Argentina, accounting for a 77% share of total exports. Moreover, travel set exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X units), sixfold. Guatemala (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-38.7% per year) and Guatemala (-3.1% per year).

In value terms, Brazil ($X) remains the key foreign market for travel sets exports from Argentina, comprising 78% of total exports. The second position in the ranking was held by Uruguay ($X), with a 14% share of total exports. It was followed by Guatemala, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-46.7% per year) and Guatemala (-6.3% per year).

Export Prices by Country

In 2021, the average travel set export price amounted to $X per unit, dropping by -43.7% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Venezuela ($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 (+10.5%), while the prices for the other major destinations experienced a decline.

Travel Set Imports

Imports into Argentina

In 2021, purchases abroad of travel sets increased by 23% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 92% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, travel set imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2015 when imports increased by 99% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of travel set to Argentina, accounting for a 73% share of total imports. Moreover, travel set imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -32.8%.

In value terms, Hong Kong SAR ($X) and China ($X) were the largest travel set suppliers to Argentina.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +2.4%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, with an increase of 15% against the previous year. In general, the import price showed a prominent expansion. The growth pace was the most rapid in 2016 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

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 Hong Kong SAR ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%).

Source: IndexBox Platform

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