From 2013 to 2023, Argentina's imports of glass fibers and glass wool displayed notable fluctuations. The value significantly decreased from 64.219 million USD in 2013 to 42.926 million USD in 2023. Key years of decline include 2016 and 2020 with a year-on-year decrease of -27.19% and -17.22% respectively. Conversely, there were recovery periods, particularly in 2017 and 2021, showing year-on-year increases of 12.07% and 20.17% respectively. The latest CAGR over the past 5 years (2018-2023) is approximately 0.14%, indicating stability with marginal growth.
Future trends show a slight decline with a forecasted CAGR of -0.2% over the next five years, reaching 42.373 million USD by 2028. Nonetheless, this modest decrease suggests that market conditions will remain relatively stable. Factors influencing future imports might include economic conditions, advancements in domestic production capabilities, and international trade policies.
Trends to watch:
- Global and regional economic conditions
- Technological advancements in the production of glass fibers and wool
- Changes in Argentina's trade policies and agreements
- Domestic demand shifts and infrastructure development
