The historical data on Argentina's import of aircraft, spacecraft, and parts thereof reveals significant fluctuation between 2013 and 2023, marking periods of growth and decline. Notably, there is a steep drop in 2018 followed by irregular recovery. In 2023, the value stood at 308.17 million US dollars, signifying a 9.94% reduction from the previous year. Analyzing the last five years, the compound annual growth rate (CAGR) is -21.03%, reflecting an overall decreasing trend.
Looking forward, the forecast for 2024 to 2028 suggests a continued decline, with a five-year CAGR projected at -13.64%. Future trends to watch for include:
- Economic stability and policy changes in Argentina. - Global aerospace market dynamics and technological advancements. - Potential increases in domestic production capabilities.