From 2013 to the present year of 2024, the export of chemicals and chemical products from Argentina to Brazil has experienced a significant downward trend. In 2023, exports stood at 0.53518 billion USD. Over the last two years, a considerable decline has been observed with a year-on-year variation of -4.28% in 2022 and -9.77% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual decrease of 6.09%.
Looking ahead, the forecasted data from 2024 onwards anticipates a continued decline. By 2028, exports are expected to drop to 0.23071 billion USD, indicating a forecasted five-year CAGR of -13.24% and an aggregate decrease of approximately 50.84% from 2023 levels.
Future trends to watch for include:
- Economic and trade policy changes between Argentina and Brazil that could either hinder or foster trade relations.
- Potential shifts in global supply chains impacting the availability and demand for chemical products.
- Innovations within the chemical industry in Argentina that might improve competitiveness and export capabilities.
- Macroeconomic factors such as currency exchange rates, inflation, and overall economic health in both countries.
