Forecast: Export of Domestic Appliances Incorporating Electric Motor from Argentina

The export of domestic appliances incorporating electric motors from Argentina showed a fluctuating trend between 2013 and 2023. Peak export value was in 2017 at 421.56 thousand US dollars, with significant growth observed in 2016 and 2017. However, from 2018 onwards, there has been a consistent decline in export values. As of 2023, the export value stood at 310.04 thousand US dollars.

Year-on-year variations in the last two years were -4.55% in 2022 and -4.67% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years was -5.01%, indicating a steady long-term decline. Forecasts suggest a continued decrease, with a CAGR of -4.69% from 2024 to 2028, expecting a 21.37% reduction over the period.

Future trends to watch for include:

  • Continued impact of global market conditions on exports from Argentina.
  • Potential shifts in domestic production capacities and export policies.
  • Influences of technological advancements in domestic appliances.
  • Changes in trade agreements or economic conditions affecting demand and supply dynamics.

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