In 2023, the import value of non-electrical lamps and lighting fittings to Argentina was recorded at approximately 3.4 million US Dollars. The forecasted values for the subsequent years indicate a steady, albeit marginal, upward trend. The import value for 2024 is projected to be 3.426 million US Dollars, representing a slight increase from the previous year. This trend continues with incremental growth, reaching 3.5 million US Dollars by 2028.
The year-on-year variation in percentage terms shows modest growth:
- 2024: +0.76%
- 2025: +0.56%
- 2026: +0.54%
- 2027: +0.53%
- 2028: +0.51%
Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) indicates an average yearly increase of approximately 0.58%. This indicates a stable, but minimal, growth trajectory in the import of non-electrical lamps and lighting fittings to Argentina.
Future trends to watch for include potential changes in import tariffs, shifts in global supply chain dynamics, and innovations in lighting technology that might affect demand. Additionally, economic factors within Argentina such as inflation rates and currency fluctuations could also have a significant impact on future import values.
