The import of baked bread, pastry, and wafers to Argentina showed significant fluctuations over the past decade. From 2013 to 2016, the year-on-year variations oscillated between negative and positive growth, with a marked increase in 2016 at 58.06%. This was followed by an even more dramatic rise in 2017 at 84.48% due to increased demand and market expansion. The subsequent years saw more stabilization with a modest rise and fall, ending at a value of $24.155 million in 2023, a 3.72% increase from 2022. The last five years exhibited a compound annual growth rate (CAGR) of 2.56%, entering a slower but stable growth phase.
The forecasted data from 2024 through 2028 project a steady growth trend, with the CAGR expected to be around 2.7%, translating to a 14.23% growth over the five-year period. Continued stability and gradual market expansion are anticipated.
Future trends to watch for include shifts in consumer preferences towards healthier and premium baked products, potential trade policy changes, and economic volatility impacting import capabilities. Monitoring these factors will be crucial for accurate forecasting and strategic planning.