Argentina: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Argentina

In 2021, the Argentinian stone polishing machine market increased by 19% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Argentina

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete exported from Argentina surged to X units, increasing by 100% on 2020 figures. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 138%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, stone polishing machine exports fell to $X in 2021. In general, exports, however, continue to indicate a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by 57% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for stone polishing machine exports from Argentina, with a 78% share of total exports. Moreover, stone polishing machine exports to Bolivia exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-11.5% per year) and Algeria (-29.8% per year).

In value terms, Uruguay ($X), Venezuela ($X) and Brazil ($X) appeared to be the largest markets for stone polishing machine exported from Argentina worldwide, with a combined 52% share of total exports. These countries were followed by Paraguay, Algeria, Guatemala, Chile, Luxembourg, Bolivia, Tunisia, Germany and Romania, which together accounted for a further 12%.

In terms of the main countries of destination, Guatemala, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, reducing by -52.3% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 144% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Bolivia ($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 Uruguay (+72.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Argentina

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete imported into Argentina declined to X units, shrinking by -5.9% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 639%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. Overall, imports, however, showed resilient growth. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), China (X units) and France (X units) were the main suppliers of stone polishing machine imports to Argentina, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +84.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the UK ($X) appeared to be the largest stone polishing machine suppliers to Argentina, together comprising 41% of total imports.

Among the main suppliers, the UK, with a CAGR of +56.7%, recorded the highest rates of growth with regard to 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 stone polishing machine import price stood at $X per unit in 2021, picking up by 319% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 568%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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