Argentina: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Argentina

The Argentinian wood bending machine market soared to $X in 2021, rising by 4,484% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw perceptible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Exports

Exports from Argentina

Wood bending machine exports from Argentina skyrocketed to X units in 2021, jumping by 75% against the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 500% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood bending machine exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,167% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for wood bending machine exports from Argentina, accounting for a 57% share of total exports. Moreover, wood bending machine exports to Spain exceeded the volume sent to the second major destination, Belarus (X units), threefold. The third position in this ranking was held by Paraguay (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (0.0% per year) and Paraguay (+10.4% per year).

In value terms, Belarus ($X) remains the key foreign market for wood bending machine exports from Argentina, comprising 95% of total exports. The second position in the ranking was held by Paraguay ($X), with a 4.7% share of total exports. It was followed by Brazil, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+32.5% per year) and Brazil (-33.6% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, which is down by -21.9% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 763% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per unit), while the average price for exports to Spain ($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 Belarus (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Argentina

In 2021, the amount of bending or assembling machines imported into Argentina surged to X units, increasing by 2,481% on 2020. In general, imports enjoyed a resilient expansion. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. Over the period under review, imports saw a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X units) constituted the largest wood bending machine supplier to Argentina, with a 62% share of total imports. Moreover, wood bending machine imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +432.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and Brazil (-7.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of wood bending machine to Argentina, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +583.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.1% per year) and Brazil (-4.1% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, dropping by -28.7% against the previous year. Over the period under review, the import price saw a mild setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 76% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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