Between 2013 and 2023, the import value of pigments for paints and dyes packaged for retail to Argentina showed a declining trend, characterized by fluctuations and significant drops in some years. Specifically, from US$ 10.201 million in 2013, it decreased to US$ 8.7189 million in 2023. The historical data reveals a year-on-year decrease in most years, with the largest drop of 17.06% occurring in 2020. The compound annual growth rate (CAGR) over the last five years can be rounded to around -0.5%, demonstrating a minor decline trend.
Looking ahead, the forecast data from 2024 to 2028 suggests a continuing slight decline, with the import value expected to be around US$ 8.6601 million in 2028. This represents a forecasted 5-year CAGR of approximately -0.05%, indicating a stable but slowly decreasing trend.
Future trends to watch for include potential changes in global trade policies, economic recovery post-pandemic, fluctuations in demand from the construction and automotive sectors, and advancements in alternative materials and technologies in the pigments and dyes industry.