The import of coffee to Argentina has shown considerable fluctuations over the past decade, illustrating a mix of positive and negative trends. After reaching a peak in 2013, the value dropped significantly in 2014, followed by intermittent recovery and decline in subsequent years. By 2023, coffee imports stood at 106.25 million US dollars, marking a steady increase in recent years.
Recently, the two-year analysis shows a modest upward trend with a year-on-year variation of 1.42% in 2023. The five-year CAGR indicates a stable but cautious average annual growth rate of 2.31% by the end of 2023.
Looking ahead, the forecast from 2024 to 2028 suggests continued growth in coffee imports, albeit at a slower pace with a forecasted CAGR of 1.11% and a 5.69% increase in total value over the five-year period.
Future trends to watch for:
- Potential impact of global coffee prices on import costs.
- Changes in local consumption patterns driven by economic conditions.
- Trade agreements or tariffs affecting coffee import dynamics.
- Innovations in coffee-related products and their influence on import volumes.