Argentina: Metal Gas Appliances Market 2023

Metal Gas Appliances Market Size in Argentina

The Argentinian metal gas appliances market reduced modestly to $X in 2022, dropping by -3.3% against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Gas Appliances Production in Argentina

In value terms, metal gas appliances production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 10% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Gas Appliances Exports

Exports from Argentina

In 2022, metal gas appliances exports from Argentina skyrocketed to X units, with an increase of 81% compared with 2021 figures. In general, exports, however, faced a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal gas appliances exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X units), Chile (X units) and Canada (X units) were the main destinations of metal gas appliances exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +19.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for metal gas appliances exported from Argentina were Canada ($X), Bolivia ($X) and Chile ($X).

In terms of the main countries of destination, Canada, with a CAGR of +21.3%, 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 mixed trend patterns.

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, jumping by 62% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal gas appliances export price increased by +192.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 80% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Chile ($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 Uruguay (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Argentina

In 2022, overseas purchases of iron or steel gas domestic appliances decreased by -4.7% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 735% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, metal gas appliances imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 1,292%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main metal gas appliances supplier to Argentina, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +14.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.4%.

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, rising by 71% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.0% per year.

Source: IndexBox Platform

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