The import of hydraulic jacks and hoists (except for garages) to Argentina has shown considerable fluctuations over the past decade. After a period of volatility between 2013 and 2016, with significant year-on-year changes, the market stabilized somewhat from 2017 onwards with variations typically under 20%. By 2023, the import value stood at 324.68 thousand dollars, representing a marginal year-on-year increase of 0.8%. The five-year CAGR for the period leading up to 2023 was 1.76%, indicating a subtle upward trend.
Forecasts for the future suggest a moderate growth trajectory, with the import value expected to reach 338.14 thousand dollars by 2028. The forecasted five-year CAGR is 0.64%, signifying steady albeit slow growth. Over the forecast period from 2023 to 2028, the compounded growth rate is expected to be around 3.25%.
Future trends to watch for include potential impacts from global supply chain disruptions, technological advancements in hydraulic equipment, and changes in Argentina’s industrial sectors which could either boost or inhibit import volumes. The economic stability and trade policies of Argentina will also play a crucial role in shaping these trends.
