Argentina: Measuring Instrument Market 2024

Measuring Instrument Market Size in Argentina

In 2022, the Argentinian measuring instrument market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Measuring Instrument Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume increased by X% to X units. In general, exports, however, saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, measuring instrument exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for measuring instrument exports from Argentina, with a X% share of total exports. Moreover, measuring instrument exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X units), twofold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Mexico (X% per year).

In value terms, the largest markets for measuring instrument exported from Argentina were Brazil ($X), Paraguay ($X) and Uruguay ($X), with a combined X% share of total exports. Bolivia, Chile, Mexico, Colombia and France lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded 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

In 2022, the average measuring instrument export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Measuring Instrument Imports

Imports into Argentina

In 2022, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, measuring instrument imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), Brazil (X units) and China (X units) were the main suppliers of measuring instrument imports to Argentina, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument suppliers to Argentina were the United States ($X), Germany ($X) and Thailand ($X), together comprising X% of total imports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average measuring instrument import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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