Report Update: Apr 1, 2024

Argentina - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Truck Price in Argentina - 2023

Truck Price in Argentina (FOB) - 2022

In 2022, the average truck export price amounted to $30,014 per unit, with an increase of 7.9% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. Over the period under review, the average export prices hit record highs at $34,759 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($32,266 per unit) and Brazil ($31,023 per unit), while the average price for exports to Chile ($24,948 per unit) and Colombia ($28,582 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Price in Argentina (CIF) - 2022

In 2022, the average truck import price amounted to $34,343 per unit, growing by 18% against the previous year. In general, the import price, however, showed a slight reduction. Over the period under review, average import prices hit record highs at $41,031 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 Brazil ($35,670 per unit), while the price for Turkey ($21,936 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Truck Exports in Argentina

In 2022, the amount of trucks exported from Argentina declined to 105K units, waning by -9% against 2021 figures. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 59%. The exports peaked at 117K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, truck exports shrank slightly to $3.2B in 2022. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 58%. The exports peaked at $3.4B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Truck in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	2,568	1,554	2,372	2,341	-3.0%
Chile	238	141	308	303	8.4%
Peru	270	171	276	273	0.4%
Colombia	156	99.9	146	143	-2.9%
Paraguay	58.5	28.0	55.5	54.9	-2.1%
Others	145	36.6	53.5	37.1	-36.5%
Total	3,436	2,031	3,211	3,152	-2.8%

Top Export Markets for Truck from Argentina in 2022:

Brazil (75.5K units)
Chile (12.1K units)
Peru (9.5K units)
Colombia (5.0K units)
Paraguay (1.7K units)

Truck Imports in Argentina

In 2022, approx. 21K units of trucks were imported into Argentina; rising by 2.8% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 13%. As a result, imports attained the peak of 21K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, truck imports surged to $713M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Truck in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	367	400	386	472	8.7%
Mexico	40.0	29.1	51.8	54.5	10.9%
Thailand	16.1	18.8	28.4	38.9	34.2%
Japan	1.2	1.5	18.7	26.6	180.9%
Turkey	8.8	0.7	14.9	20.5	32.6%
Italy	2.6	8.9	11.8	19.2	94.7%
China	12.9	10.1	13.9	17.4	10.5%
Uruguay	5.7	10.5	11.8	15.5	39.6%
Others	10.3	47.5	52.0	48.7	67.8%
Total	465	528	590	713	15.3%

Top Suppliers of Truck to Argentina in 2022:

Brazil (13.2K units)
Mexico (1.6K units)
Thailand (1.2K units)
Turkey (0.9K units)
Japan (0.9K units)
Italy (0.7K units)
Uruguay (0.6K units)
China (0.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023