Argentina: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Argentina

The Argentinian stone sawing machine market soared to $X in 2021, rising by 55% against the previous year. Over the period under review, consumption, however, continues to indicate a mild downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Stone Sawing Machine Production in Argentina

In value terms, stone sawing machine production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a slight downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Stone Sawing Machine Exports

Exports from Argentina

In 2021, the amount of sawing machines for working stone, ceramics and concrete exported from Argentina plummeted to X units, falling by -38.1% compared with the previous year. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 68%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, stone sawing machine exports surged to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X units) was the main destination for stone sawing machine exports from Argentina, with a 63% share of total exports. Moreover, stone sawing machine exports to Bolivia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Chile (X units), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.7% per year) and Chile (-5.1% per year).

In value terms, the United States ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Argentina, comprising 67% of total exports. The second position in the ranking was held by Chile ($X), with a 16% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+25.4% per year) and Brazil (-16.5% per year).

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, surging by 168% against the previous year. Over the period under review, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Bolivia ($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 (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Argentina

After three years of decline, purchases abroad of sawing machines for working stone, ceramics and concrete increased by 201% to X units in 2021. In general, imports, however, showed a abrupt decrease. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, stone sawing machine imports surged to $X in 2021. Over the period under review, imports recorded a resilient expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Argentina, accounting for a 80% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+59.7% per year) and the UK (0.0% per year).

In value terms, the largest stone sawing machine suppliers to Argentina were China ($X), Germany ($X) and the UK ($X), with a combined 34% share of total imports.

Germany, with a CAGR of +71.3%, recorded the highest growth rate of 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

In 2021, the average stone sawing machine import price amounted to $X per unit, increasing by 43% against the previous year. In general, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 238%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 China (+7.7%).

Source: IndexBox Market Intelligence Platform

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