The import of iron and steel to Argentina is projected to rise steadily from 2024 to 2028. The actual value in 2023 stood at 1.1800 billion USD, and the forecasts show consistent year-on-year growth. Specifically, 2024 is predicted to see a 1.1% increase, followed by a 1.1% rise in 2025, a 1.0% increase in 2026, a 1.0% rise in 2027, and another 1.0% increase in 2028. On average, the Compound Annual Growth Rate (CAGR) over these five years is anticipated to be around 1.0%.
Future trends to watch for include fluctuations in global steel prices, regional trade policies, and Argentina's industrial demand and economic conditions. Monitoring these variables will provide more accurate insights into the future trajectory of iron and steel imports. Additionally, technological advancements in steel production and shifts in supply chains could play significant roles in shaping the dynamics of Argentina's iron and steel imports.