Argentina: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Argentina

In 2021, the Argentinian market for grinding, sanding and polishing machines increased by 141% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Grinding, Sanding and Polishing Machines

Exports from Argentina

After three years of decline, overseas shipments of grinding, sanding and polishing machines increased by 313% to X units in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,567% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. In general, exports enjoyed prominent growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for grinding, sanding and polishing machine exports from Argentina, accounting for a 76% share of total exports. Moreover, grinding, sanding and polishing machine exports to Bolivia exceeded the volume sent to the second major destination, Chile (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +49.5%.

In value terms, Bolivia ($X) emerged as the key foreign market for grinding, sanding and polishing machine exports from Argentina, comprising 80% of total exports. The second position in the ranking was taken by Chile ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at +112.8%.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, falling by -57.9% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 761%. 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.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+16.8%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Argentina

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Argentina; rising by 162% against the year before. Overall, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 164%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of grinding, sanding and polishing machine to Argentina, with a 92% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+60.0% per year) and Spain (-25.0% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machine to Argentina, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+68.2% per year) and Spain (-20.6% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, waning by -20.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 133% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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