According to the report, from February 2023 to February 2024 the installed capacity of the sector Petroleum refining fell from 86% to 79.2%, Paper and paperboard from 77.2 to 75.4, Substances and chemicals from 74.2 to 67.8, metal industries from 74.5 to 66.5, Non-metallic mineral products from 74.4 to 59.6 and Food products had a drop from 59.3 to 58.1.
Editing and printing recorded a drop from 59.6% to 51.3% in one year, the Automotive industry went from 60.5 to 47.3, Rubber and plastic products from 53.7 to 45.9, Textile products from 52.4 to 45.6 and Metalmetal excluding automotive industry from 52.2 to 37.3. While tobacco products increased from 53.7 to 45.9.
Installed capacity sector by sector
The metalworking industry except automotive, in the month under analysis, a level of utilization of installed capacity of 37.3% was recorded in the month under analysis, lower than that registered in February 2023 (52.2%), as a consequence, mainly, of the lower manufacturing of agricultural machinery and household appliances. Indeed, according to data from the manufacturing industrial production index (manufacturing IPI), the manufacture of agricultural machinery registered a year-on-year drop of 48.3% in February and the manufacture of household appliances decreased 33.3% for the same comparison.
The basic metal industries In February they presented a level of utilization of installed capacity of 66.5%, lower than that registered in the same month of the previous year (74.5%). According to data from the Argentine Steel Chamber, crude steel production has an interannual drop of 9.7% in the reference month.
The Automotive industry shows a level of utilization of the installed capacity of 47.3% in the month under analysis, lower than that of February 2023 (60.5%), related to the lower number of units manufactured by automotive terminals.
The non-metallic mineral products registered a level of utilization of installed capacity of 59.6% in February, lower than that of the same month of 2023 (74.4%), as a consequence, mainly, of the lower levels of production of cement, glass, hollow bricks, granite and calcareous mosaics, and ceramic sanitary ware.
The rubber and plastic products They present a level of utilization of installed capacity of 45.9% in February, lower than that registered in the same month of 2023 (53.7%), as a consequence of the lower level of manufacturing of plastic manufactures.
The food and beverage products show in the month under analysis a level of utilization of the installed capacity of 58.1%, lower than that registered in February of the previous year (59.3%), linked, mainly, to the lower production of beverages and dairy products. According to data from the industrial manufacturing production index, the production of soft drinks, waters, sodas, beers, diluted juices, ciders and spirits registered an interannual decrease of 12.1% in February. On the other hand, with regard to the production of dairy products, according to data from the National Dairy Directorate, the primary production of milk, raw material for the dairy industry, presents an interannual decrease of 14.8% in the month under analysis.
