Argentina: Vacuum Pump Market 2024

Vacuum Pump Market Size in Argentina

For the third year in a row, the Argentinian vacuum pump market recorded growth in sales value, which increased by 17% to $X in 2022. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.3% against 2019 indices. Vacuum pump consumption peaked in 2022 and is expected to retain growth in the near future.

Vacuum Pump Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in overseas shipments of vacuum pumps, when their volume increased by 503% to X units. In general, exports, however, saw a abrupt setback. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports soared to $X in 2022. Over the period under review, exports, however, showed a deep setback. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for vacuum pump exports from Argentina, accounting for a 69% share of total exports. Moreover, vacuum pump exports to Germany exceeded the volume sent to the second major destination, Brazil (X units), sixfold. Uruguay (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-5.3% per year) and Uruguay (-15.4% per year).

In value terms, Germany ($X), Brazil ($X) and Colombia ($X) were the largest markets for vacuum pump exported from Argentina worldwide, with a combined 73% share of total exports. Uruguay, Spain, the United States and Paraguay lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Spain, with a CAGR of -1.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, reducing by -34.7% against the previous year. Over the period under review, the export price, however, posted slight growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Germany ($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 Paraguay (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Argentina

In 2022, overseas purchases of vacuum pumps increased by 21% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vacuum pump imports surged to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump supplier to Argentina, accounting for a 49% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. France (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.5% per year) and France (+9.7% per year).

In value terms, Thailand ($X), China ($X) and France ($X) appeared to be the largest vacuum pump suppliers to Argentina, with a combined 52% share of total imports. Germany, Hungary, Brazil and the UK lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Hungary, with a CAGR of +146.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 6.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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