The market for scientific equipment and process controls in Argentina is highly competitive, globalized and technologically advanced. Many companies participate in more than one market segment. Success depends heavily on selling price as well as the performance capabilities of an instrument, technical support, and aftermarket service. This market is nearly entirely dominated by imports with very little local production. U.S. firms export approximately US$40 million in 2010 in scientific equipment and process controls to Argentina and enjoy a clear leadership position in this market. Local demand for scientific equipment and process controls is expected to grow 3% in 2011 and 4% 2012.
The market for US scientific equipment and process controls is highly competitive, globalized and technologically advanced. Many companies participate in more than one market segment. Success depends heavily on selling price, the performance capabilities of an instrument, technical support, and aftermarket service.
The strongest sales prospects for U.S. firms are those related to the pharmaceutical, petrochemical, automotive, mining and construction industries, such us:
• Chromatographs and electrophoresis instruments
• Instruments for measuring or checking pressure,
• Automatic Regulating or Controlling Instruments,
• Instruments for the checking of temperature or level of liquids and gases.
The local market is highly concentrated with 20 or fewer firms accounting for virtually all sales in all product segments. This market is nearly entirely dominated by imports from the US. Total U.S. exports of the top 4 best prospect products accounted for $20.3 Million in 2010. There is very little local production in the sector, and that which exists is for very simple applications.
Scientific equipment and process controls products are used in Argentina by the pharmaceutical industry for drug research, testing and quality control; by science research laboratories, which include corporate, university, and governmental research labs; by the biotechnology industry; by environmental laboratories for testing air, soil, and water samples for compliance with environmental regulations; by the chemical industry for research and quality control; and by the food and beverage industry for quality control. They are also employed in industries related to the processing and/or mining of oil, gas, and various metals as well as in the production of steel.
For the last 4 years, U.S. exports accounted US$120 Million in scientific equipment and process controls to Argentina and enjoy a clear leadership position in this market.
Breakdown of Total U.S. Exports of Key Component HS Codes from 2007 to 2010
1. HS 90262090000 Instruments for Checking pressure: US$29,217,307
2. HS 90268000000 Instruments for measuring/checking variables de liquids gases: US$19,389,052
3. HS 90261019000 Flow meters: US$18,196,337
4. HS 90271000000 Gas or Smoke Analysis: US$23,254,748
5. HS 90272012000 Liquid Chromatographs: US$16,208,053
6. HS 90261029900 Level Meters or Controls (non metal and not for combustibles): US$8,003,318
7. HS 90304090000 Specially designed telecommunications instruments: US$12,307,656
8. HS 90269090000 PARTS for Instruments for measuring/checking variables de liquids gases: US$11,047,188
9. HS 90262010000 Instruments and apparatus for measuring and checking pressure (Manometers): $4,284,231
10. HS 90322000 Manostats: US$7,046,856