Argentina: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Argentina

The Argentinian market for diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022, declining by X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Argentina

In value terms, production of diesel engines (other than for motor vehicles and aircraft) declined to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Argentina

In 2019, overseas shipments of diesel engines (other than for motor vehicles and aircraft) decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2019, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) totaled $X in 2019. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2019, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Paraguay (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Argentina, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Paraguay totaled X%.

From 2012 to 2019, the average annual rate of growth in terms of value to Paraguay stood at X%.

Export Prices by Country

In 2019, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price recorded a sharp descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2019, the rate of growth in terms of prices for Chile amounted to X% per year.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Argentina

In 2022, overseas purchases of diesel engines (other than for motor vehicles and aircraft) increased by X% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, showed a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X units), China (X units) and the United States (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Argentina, with a combined X% share of total imports. Japan, Germany, Italy, South Korea, the UK, Sweden and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Argentina were the United States ($X), Brazil ($X) and China ($X), with a combined X% share of total imports. The UK, Japan, Sweden, Italy, South Korea, Germany and India lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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