In 2023, Argentina's import value for bicycles, and other non-motorized cycles stood at 80.5 Thousand. The forecast data for the years 2024 through 2028 shows a steady increase: 81.85 Thousand in 2024, 83.24 Thousand in 2025, 84.61 Thousand in 2026, 85.94 Thousand in 2027, and 87.25 Thousand in 2028. This indicates a consistent year-on-year growth in imports, reflecting a positive trend in demand for these products.
Year-on-year variation from 2023:
- 2024: +1.68%
- 2025: +1.70%
- 2026: +1.65%
- 2027: +1.57%
- 2028: +1.53%
The Compound Annual Growth Rate (CAGR) over the forecast period from 2023 to 2028 is approximately 1.63%, suggesting steady and moderate growth in the sector.
Future trends to watch for include shifts in consumer preferences towards e-bikes, which could impact the import dynamics of traditional non-motorized cycles. Changes in international trade policies and economic conditions in Argentina might also influence future import volumes.
