Argentina: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Argentina

The Argentinian hand-operated air pump market dropped to $X in 2022, which is down by -5.7% 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). Overall, consumption, however, enjoyed a perceptible expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Hand-Operated Air Pump Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in overseas shipments of hand or foot-operated air pumps, when their volume increased by 770% to X units. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports soared to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) and Chile (X units) were the main destinations of hand-operated air pump exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +42.3%).

In value terms, Uruguay ($X) and Chile ($X) constituted the largest markets for hand-operated air pump exported from Argentina worldwide.

Chile, with a CAGR of +37.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average hand-operated air pump export price stood at $X per unit in 2022, dropping by -25.3% against the previous year. In general, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+3.2%), while the prices for the other major destinations experienced a decline.

Hand-Operated Air Pump Imports

Imports into Argentina

In 2022, the amount of hand or foot-operated air pumps imported into Argentina reduced to X units, declining by -9.2% against the previous year's figure. Overall, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, hand-operated air pump imports fell modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 139% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Argentina, accounting for a 74% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.9% per year) and Italy (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Argentina, comprising 76% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.0% per year) and Italy (-10.6% per year).

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, growing by 6.5% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated air pump import price decreased by -12.0% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 62%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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