Sugar confectionery exports from Spain to Argentina have exhibited significant fluctuations between 2013 and 2023. Starting with a considerable drop in 2013 and 2014, the value fell by 38.41% and 24.53% respectively. Although there was a sharp increase of 213.5% in 2016, the trend did not sustain consistently, revealing a pattern of significant year-on-year variations. By 2023, exports stood at $732,000, reflecting a minor year-on-year decrease of 0.81%. The compounded annual growth rate (CAGR) over the last five years is -2.43%, showing a persistent downtrend.
Forecasts predict a continued decline, albeit at a slower pace. The projected CAGR from 2024 to 2028 is -0.53%, indicating marginal year-on-year contractions.
Future Trends to Watch:
- Market adaptability in Spain's production processes and competitiveness in Argentina.
- Economic and political changes in Argentina impacting import abilities.
- Global sugar supply chain dynamics and pricing.
