The export value of chemicals and chemical products from Brazil to Argentina has shown fluctuating trends. Beginning from a high of $1.8976 billion in 2013, there was a general downward trend reaching $0.8417 billion in 2023, representing a significant decline. Yearly variations highlight considerable volatility, with notable decreases such as in 2015 (-18.4%) and 2020 (-23.44%). Over the last five years (2019-2023), the compound annual growth rate (CAGR) has been -8.98%, reflecting a consistent reduction in export value.
From 2024 onwards, the forecast indicates that this downward trend will continue, with projections dropping to $0.37897 billion by 2028. The forecast 5-year CAGR stands at -12.56%, suggesting accelerated decline.
Future trends to watch for:
- Impact of macroeconomic conditions in Argentina on import capability.
- Brazil's strategic shift towards other markets or products.
- Possible changes in trade policies between the two countries.
- Fluctuations in global chemical industry demand and supply chains.
