Seals; Mechanical Price in Argentina - 2023

Contents:

1. Seals; Mechanical Price in Argentina (CIF) - 2022
2. Seals; Mechanical Price in Argentina (FOB) - 2022
3. Seals; Mechanical Imports in Argentina
4. Seals; Mechanical Exports in Argentina

Seals; Mechanical Price in Argentina (CIF) - 2022

The average seals; mechanical import price stood at $3.6 per unit in 2022, approximately mirroring the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seals; mechanical import price decreased by -31.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47%. As a result, import price reached the peak level of $5.3 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($12 per unit), while the price for China ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Argentina (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $8.6 per unit, shrinking by -10.8% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 64%. The export price peaked at $9.7 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($20 per unit), while the average price for exports to Chile ($1.4 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 Venezuela (+54.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Argentina

Seals; mechanical imports into Argentina skyrocketed to 4.5M units in 2022, increasing by 41% against 2021 figures. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports surged to $16M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Seals; Mechanical to Argentina in 2022:

1. China (1442.4K units)
2. Brazil (758.0K units)
3. Sweden (645.2K units)
4. United States (332.1K units)
5. Mexico (204.2K units)
6. Austria (197.7K units)
7. Germany (150.4K units)
8. Italy (125.7K units)
9. Denmark (114.1K units)
10. Japan (97.6K units)
11. Russia (90.6K units)
12. Netherlands (90.3K units)

Seals; Mechanical Exports in Argentina

In 2022, exports of seals; mechanicals from Argentina dropped dramatically to 50K units, with a decrease of -32.8% on the previous year's figure. Overall, exports continue to indicate a sharp downturn. The smallest decline of -18.1% was in 2020. Over the period under review, the exports attained the peak figure at 195K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, seals; mechanical exports reduced notably to $429K in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -25.4% was in 2021. Over the period under review, the exports attained the maximum at $1.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Seals; Mechanical from Argentina in 2022:

1. Uruguay (18.9K units)
2. Chile (6.8K units)
3. Brazil (6.7K units)
4. Bolivia (5.3K units)
5. Peru (4.8K units)
6. United States (2.7K units)
7. Colombia (2.4K units)
8. Paraguay (2.0K units)

Source: IndexBox Market Intelligence Platform