Based on the provided data, the forecast for the import of retreaded or used pneumatic tyres of rubber to Argentina indicates a steady growth from 2024 onwards, with the value increasing from $16.906 million in 2024 to $17.13 million in 2028. In 2023, the value of imports stood at $16.85 million, showing a slight upward trend.
The year-on-year percentage variations are as follows:
- 2024 to 2025: 0.34%
- 2025 to 2026: 0.34%
- 2026 to 2027: 0.32%
- 2027 to 2028: 0.32%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately 0.32% per year, indicating a modest but consistent increase in import value.
Future trends to watch for include potential changes in government regulations regarding imported used and retreaded tyres, technological advancements in tyre retreading processes that could affect demand, and economic factors that might influence import levels. Additionally, shifts in consumer preferences towards more sustainable options could impact the market dynamics.
