The import of refrigerators and freezers to Argentina has shown variability over the years, with notable peaks in 2013 and 2017. From 2013 to 2016, imports fluctuated, followed by a significant increase in 2017 and a decline in 2018. In recent years, from 2020 to 2023, a modest and steady growth has been observed, with values reaching USD 179.37 million in 2023. This represents a year-on-year growth of 0.33%. The average annual growth rate (CAGR) over the past five years stands at 1.03%.
Future trends to watch for include:
- Modest growth continuing with forecasted values showing slow but steady increases up to 2028.
- Economic factors in Argentina, such as inflation rates and domestic production, that could impact import volumes and values.
- Technological advancements in refrigeration technology potentially affecting market demand.