Argentina: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian market for electric generating sets and rotary converters, when its value increased by X% to $X. Over the period under review, consumption enjoyed a significant expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from Argentina

In 2021, after three years of decline, there was significant growth in overseas shipments of electric generating sets and rotary converters, when their volume increased by X% to X units. Overall, exports, however, recorded a abrupt descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for exports of electric generating sets and rotary converters from Argentina, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to the UK exceeded the volume sent to the second major destination, Uruguay (X units), sevenfold. Chile (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Chile (X% per year).

In value terms, the largest markets for electric generating set and rotary converter exported from Argentina were the UK ($X), Ecuador ($X) and Chile ($X).

Among the main countries of destination, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (X.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Argentina

In 2021, supplies from abroad of electric generating sets and rotary converters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters soared to $X in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X units) was the main electric generating set and rotary converter supplier to Argentina, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Argentina were China ($X), Germany ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, falling by X% against the previous year. Over the period under review, the import price recorded a mild reduction. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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