The historical import data of Polymers of Vinyl Chloride to Argentina shows a fluctuating trend between 2013 and 2023, with values peaking at $81.339 million in 2013 and showing a general decline to $56.87 million in 2023. Significant decreases were observed in 2014 (-11.5%) and 2016 (-21.64%), while notable increases were evident in 2015 (11.02%) and 2021 (13.05%). The most recent year-on-year variation recorded a slight decrease of -1.21% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged -0.5%
Looking ahead from 2024, the forecast indicates a continued yet moderate decline in import values, reaching $53.054 million by 2028. The forecasted 5-year CAGR stands at -1.04%, a reflection of consistent downward pressure.
Future trends to watch for include:
• Changes in global supply chains and raw material costs.
• Impact of economic policies and trade agreements on import tariffs and logistics.
• Technological advancements in polymer alternatives and recyclability practices.
• Fluctuations in demand given Argentina's infrastructure development and economic conditions.
