Argentina: Working Wire Machine Market 2022

Working Wire Machine Market Size in Argentina

The Argentinian working wire machine market dropped modestly to $X in 2021, waning by -3.2% against the previous year. In general, consumption, however, showed a deep contraction. Working wire machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Working Wire Machine Production in Argentina

In value terms, working wire machine production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports from Argentina

Working wire machine exports from Argentina skyrocketed to X units in 2021, growing by 108% on 2020 figures. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 700% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, working wire machine exports shrank markedly to $X in 2021. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 16,020%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X units), Panama (X units) and Uruguay (X units) were the main destinations of working wire machine exports from Argentina, together comprising 94% of total exports. Moreover, working wire machine exports in Israel exceeded the figures recorded by the second-largest exporter, Panama, twofold.

From 2012 to 2021, the biggest increases were in Uruguay (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for working wire machine exports from Argentina, comprising 64% of total exports. The second position in the ranking was held by Uruguay ($X), with a 13% share of total exports. It was followed by Israel, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+56.6% per year) and Israel (0.0% per year).

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, waning by -76.1% against the previous year. Overall, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 921% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Israel ($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 Brazil (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Argentina

After three years of decline, supplies from abroad of machines for working wire increased by 136% to X units in 2021. In general, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 141%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 115%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest working wire machine supplier to Argentina, with a 63% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.4% per year) and Turkey (+1.2% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest working wire machine suppliers to Argentina, together accounting for 77% of total imports. Belgium, Japan, Brazil, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +9.8%, 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 mixed trend patterns.

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, shrinking by -28.9% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 55%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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