In 2023, the value of aerospace industry exports in Argentina stood at $206.72 million USD. This represents a 24.2% increase from 2022. Notably, 2022 also saw a significant upward trend with a year-on-year growth of 158.23%. Over the last five years, the Compound Annual Growth Rate (CAGR) was a positive 6.3%. Forecast data suggests a steady upward trend with a projected CAGR of 4.47% from 2024 to 2028, reaching $274.53 million USD by 2028. This reflects an overall growth rate of 24.47% over this period.
Future trends to watch for include:
- Continued recovery and growth post-pandemic disruptions.
- Potential impacts from global trade policies and economic conditions.
- Technological advancements and investments in the aerospace sector.
- Shifts in global aerospace industry demand and supply chains.
