In 2023, the import value of new pneumatic tyres of rubber for bicycles to Argentina stood at 1.8445 million USD. The forecasted values indicate a consistent decline over the next five years, starting from 1.7203 million USD in 2024 to 1.2527 million USD in 2028. This represents an annual decrease, with the year-on-year percentage variation as follows:
• 2024: -6.74%
• 2025: -7.00%
• 2026: -7.38%
• 2027: -7.82%
• 2028: -8.31%
The CAGR (Compound Annual Growth Rate) over this period is approximately -8.72%, indicating a significant downward trend.
Future trends to watch for include potential changes in consumer preferences toward alternative forms of transportation, impacts of local manufacturing capabilities, economic stability, and tariff regulations which may influence the import demands in the following years.
