Argentina: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Argentina

The Argentinian wood drilling machine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Wood drilling machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Argentina

In 2021, overseas shipments of drilling or morticing machines increased by 17% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 100%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood drilling machine exports declined slightly to $X in 2021. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of 1,061% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X units) was the main destination for wood drilling machine exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay stood at +38.3%.

In value terms, Paraguay ($X) also remains the key foreign market for wood drilling machine exports from Argentina.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled +13.0%.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, shrinking by -8.6% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 349%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2021, the rate of growth in terms of prices for Paraguay amounted to -22.8% per year.

Wood Drilling Machine Imports

Imports into Argentina

In 2021, wood drilling machine imports into Argentina soared to X units, jumping by 128% compared with 2020 figures. Over the period under review, imports enjoyed slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood drilling machine to Argentina, with a 85% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), tenfold. The third position in this ranking was held by Italy (X units), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.4% per year) and Italy (-18.9% per year).

In value terms, China ($X) constituted the largest supplier of wood drilling machine to Argentina, comprising 54% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.5% per year) and Italy (-23.1% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, falling by -35.4% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 35%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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