In 2023, Argentina's import of worked granite stood at 5.2262 million US dollars. Over the past decade, there has been a general downward trend in the value of imports, punctuated by minor fluctuations. For instance, the import value in 2013 was significantly higher than in recent years, and substantial year-on-year drops were observed in 2014 and 2018. Although there were brief recoveries in 2019 and 2021, they were not sufficient to reverse the overall declining trend. The compound annual growth rate (CAGR) over the last five years up to 2023 was -0.51%, indicating a relatively stable decline.
Looking ahead, forecasts suggest a continuation of this downward trajectory, with the value expected to decrease gradually to 4.5255 million US dollars by 2028. The forecasted five-year CAGR is -2.22%, corresponding to an overall decline of 10.61% from 2024 to 2028.
Future trends to watch for include potential economic shifts within Argentina that could impact construction and demand for worked granite. Global market dynamics, including supply chain disruptions or changes in trade policies, may also play a significant role in shaping import levels.
