Doing Business In Argentina

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Pleasure Boats Overview Return to top 2005 2006 2007 (estimated) Total Market Size 125,1 150,12 168,1 Total Local Production 21,9 26,3 29,5 Total Exports 21,4 25,7 28,8 Total Imports 120 144 161,3 Imports from the U.S. 21,2 25,4 28,5 Millions of USD. Exchange Rate 1USD=3.10 Argentine Pesos. Sources: The above statistics are unofficial estimates, based on Argentine Customs data, NOSIS, and other sources. Argentina’s pleasure boat, ship-building and boating equipment industry continues to expand after a decade of stagnation. The industry’s golden years, between 1960 and 1980, were followed by a decade of import substitution. During the 1990s, the exchange rate of one Argentine Peso to the U.S. Dollar favored imports of boats, equipment and parts at very competitive prices. As a result, local industries had to either close down or diversify into other lines of business in order to survive. There are several variables that can account for the industry’s growth. These include the currency exchange rate of three Pesos to the U.S. Dollar, competitive costs of labor, high quality of final products, and most importantly, increasing demand from international markets for Argentine products. This represents a window of opportunity for U.S. suppliers providing equipment, accessories and services that are not produced locally. After a robust market growth of approximately 500% between 2002 and 2004, the market continues to expand at a smaller yet still impressive rate. It is expected to grow approximately 9% in 2008. Pleasure boating is concentrated around the city of Buenos Aires, on the Parana River delta and its estuary, called River Plate or Rio de la Plata. Over 75 percent of the marinas, moorings, and nautical clubs as well as 85 percent of manufacturing and retail distribution takes place within a 20-mile radius of the City of Buenos Aires and its coastline suburbs. According to the Argentine Coast Guard (Prefectura Naval), a total of 600,000 people are involved in boating and related industries, and the total number of pleasure boats registered in Argentina is 76,757, however the number of pleasure boats in use is estimated to be 120,000. Prefectura Naval, through the Registro de Embarcaciones y Yates (REY) is the government agency that manages the registry of vessels and issues the registration number. During 2007, there were 2,216 new registrants, an 80% increase since 2001. Although the market is currently relatively small, industry experts predict that there is market potential for 150,000 units within the next five years. The market in Argentina is 3/4/2008
significantly smaller than in the U.S.: Argentina features 335 nautical clubs and approximately 80 marinas nationwide. Best Products/Services Return to top Despite the 70 percent devaluation of the local currency in 2002, U.S. products have good market potential. Local manufacturers solicit U.S. suppliers for high tech navigational equipment and nautical accessories that are not manufactured within Mercosur. Argentine exporters of pleasure boats acknowledge that the quality of U.S. products makes their final product highly marketable in the global marketplace. As Argentina’s pleasure boats exports continue expanding, the market will continue to offer business opportunities to U.S. suppliers. Opportunities Return to top Products with the highest sales potential include: inboard/outboard engines, outboard engines, global positioning system receivers, marine communications, direct dial marine communication systems, fluxgate compasses, electronic charting products, versatile screen displays, and interfacing. Other types of less sophisticated boat parts, equipment, and supplies also enjoy a strong sales potential, especially for local motor and sailboat builders. During the 1990s, the market for new yachts grew significantly. Currently, owners seek innovative and cost effective products to update the vessels’ decoration, mechanics and electronics. This is an interesting niche, particularly given the nonexistence of local products. The equipment and accessories market is expected to continue to grow due to the ongoing development of new nautical gated communities. This trend represents a strategy of businesspeople within the boating industry to attract new clients who appreciate the combination of facilities and conveniences offered by country clubs, gated communities and marinas. These new developments further consolidate the leading role of the Greater Buenos Aires area in the water sports market. Resources Return to top For additional information on this industry such as trade events, useful links, and the products and services that the U.S. Commercial Service can provide to help you succeed in the Argentine market, visit: www.comerciousa.org/argentina_editable/- MAmden/Pleasure_Boats/Pleasure_Boats_Main.asp. 3/4/2008
Page 1 and 2: Doing Business in Argentina: 2008 C
Page 3 and 4: 3/4/2008 Argentina’s banking syst
Page 5 and 6: 3/4/2008 The zero percent import du
Page 7 and 8: Return to table of contents Chapter
Page 9 and 10: Policy Short-term Short/Medium Term
Page 11 and 12: meetings. The service includes at l
Page 13 and 14: approximately 87 percent of the tot
Page 15 and 16: more limited and delivery is a grow
Page 17 and 18: Goods: Preference will be given to
Page 19 and 20: material, input, or material needed
Page 21 and 22: terminals at international airports
Page 23 and 24: As in many countries, personal rela
Page 25 and 26: "Clarin", "La Nacion", and "Ambito
Page 27 and 28: Av. de Mayo 605, Piso 3 C1084AAB Bu
Page 29 and 30: Business Facilitation Service: CS A
Page 31 and 32: organizations, both Argentine or U.
Page 33 and 34: available in Chapter 9: Contacts, M
Page 35 and 36: Agricultural Machinery, Equipment a
Page 37 and 38: Electric Power Systems Overview Ret
Page 39 and 40: Food Processing and Packaging Equip
Page 41 and 42: Information Technology Overview Ret
Page 43 and 44: Other market conditions will foster
Page 45 and 46: market. The market has been growing
Page 47: Mining Sector Specialist at the U.S
Page 51 and 52: A gradual recovery has taken place
Page 53 and 54: Best sales prospects for U.S. elect
Page 55 and 56: Travel and Tourism Services Overvie
Page 57 and 58: Telecommunications Equipment and Se
Page 59 and 60: Agricultural Sectors Return to top
Page 61 and 62: Food Ingredients Overview Return to
Page 63 and 64: Pioneer Argentina: www.pioneer.com/
Page 65 and 66: Average Tariff Rates by Type of Pro
Page 67 and 68: In 2006, there was a significant in
Page 69 and 70: 3/4/2008 Certain imported goods for
Page 71 and 72: Please note that VAT and Profits Ta
Page 73 and 74: 3/4/2008 Goods covered by Decree 73
Page 75 and 76: A fax of the commercial invoice may
Page 77 and 78: you through this process. You may a
Page 79 and 80: violate export control laws is foun
Page 81 and 82: Initial period: 1 year Extension: 1
Page 83 and 84: Article 6: - Importers, manufacture
Page 85 and 86: emanufactured) and certified by a "
Page 87 and 88: 3/4/2008 Normalizacion) --composed
Page 89 and 90: 3/4/2008 continuing shortage of ind
Page 91 and 92: 3/4/2008 Record No. S01:0116093/200
Page 93 and 94: 3/4/2008 Internet: www.anmat.gov.ar
Page 95 and 96: subject to the orders, guidelines o
Page 97 and 98: In January 2002, the government end
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The GOA has established a number of
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legality of this pesification decre
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deterrent penalties such as prison
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Law 17811 of 1968 regulates public
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A recent ACO investigation of GOA p
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Foreign-Trade Zones/Free Ports Retu
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Argentine Parliament (www.diputados
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Registry of Foreign Investments. Fo
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Local bankers report that the major
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The International Bank for Reconstr
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total project costs for new venture
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C1104AC) Buenos Aires, Argentina Ph
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Buenos Aires has a large number of
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Travelers should note that since Ar
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Internet: www.buyusa.gov/argentina/
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U.S. Department of Commerce Trade I
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(Argentine Chamber of Importers) Mr
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(Ministry of Federal Planning, Publ
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C1020AC Buenos Aires Switchboard: (
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25 de Mayo 487, primer piso C1002AB
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C1036AAJ Buenos Aires Phone: (54-11
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Fax: (54-11) 4312-7184 E-mail: mdem
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E-mail: fargosi@fibertel.com.ar BAS
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Bolivar 332, Piso 6 C1088AAH Buenos
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Mr. Klaus Bertram, President 25 de
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EXOLGAN TERMINAL PORTUARIA S.A. Mr.
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C1006ACI Buenos Aires Phone: (54-11
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Fax: (54-11) 4131-3900 E-mail: info
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www.starwoodhotels.com/sheraton/pro
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Doing Business In Argentina

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