The import of trucks with lifting equipment to Argentina demonstrated various fluctuations over the past decade. Starting in 2013 with a value of $152.22 million, it saw a significant growth and decline pattern, peaking in 2016 at $178.24 million. The period from 2020 onwards displayed a more stable but upward trend, with 2023 standing at $191.49 million. Noteworthy year-on-year variations include a significant drop of 14.85% in 2020, and a steady growth of 2.26% in 2023. Over the past five years, an average annual growth of 3.15% has been observed.
Key future trends to watch for include:
- Continued gradual growth with forecasted values reaching $213.09 million by 2028.
- A moderate 5-year CAGR projection of 1.74%, indicating stable, albeit slow, sector expansion.
- The potential impact of economic policies and import regulations on the overall import growth.
- Technological advancements and their influence on demand for sophisticated lifting equipment in trucks.
