The import of ceramic, glass pigments, opacifiers, colours, and enamels to Argentina has shown fluctuations over the past decade. Starting from 25.002 million USD in 2013, the value steadily increased until a sharp decline in 2016, hitting 21.954 million USD. A recovery followed, with imports peaking at 27.948 million USD in 2021. By 2023, the value stood at 30.838 million USD, reflecting a gradual rise.
Year-on-year variations, particularly from 2022 to 2023, showed a modest increase of 2.33%. The compound annual growth rate (CAGR) over the last five years prior to 2024 was 2.27%. Future projections point to a steady rise with the forecasted value reaching 34.418 million USD by 2028, averaging a CAGR of 1.78% and an overall growth rate of 9.25% over the next five years.
Trends to watch for include:
- Increased demand for construction and housing renovation which could boost imports.
- Potential economic fluctuations and currency depreciation impacting import costs and volumes.
- Technological advancements leading to innovations in pigments and enamels, sparking higher demand.
- Government policies and trade agreements influencing import regulations and tariffs.