Analysis:
The import of reactive dyes and preparations to Argentina has shown significant fluctuations over the past decade. Starting at 9.9314 million USD in 2013, imports peaked in 2014 at 15.35 million USD but exhibited a sharp decline to 6.9361 million USD by 2023. The year-on-year variations indicate considerable volatility, with positive spikes in 2014 and 2021, contrasted by notable drops in 2016, 2018, and 2020. The most recent trends show slight declines with minimal recovery, as evidenced by a -1.72% change in 2023 and projected stagnation.
Forecasts from 2024 onward suggest a continuous decrease in import value, with a forecasted average annual decline (CAGR) of -1.51%, declining to 6.2809 million USD by 2028. These trends highlight a cautious outlook for the sector.
Future Trends to Watch:
- Pace of recovery in global supply chains and its influence on import volatility.
- Impact of local economic policies and exchange rate stability in Argentina.
- Shifts in demand for reactive dyes in related industries like textiles and fashion.
- Potential developments in local production capabilities possibly affecting import needs.