Industrial sand and gravel production in Argentina experienced relatively stable levels from 2013 to 2015, hovering around 500 thousand metric tons. A modest growth trend began in 2016 and continued up to 2019. The production saw a major drop in 2020, declining by 16.72% year-on-year, likely due to global economic disruptions. However, it rebounded significantly in 2021 with a 14.84% increase and continued to grow in 2022. In 2023, the production stood at 518.24 thousand metric tons, marking a slight increase of 0.32% year-on-year. Over the last five years, the compound annual growth rate (CAGR) has been 0.34%.
Future production is forecasted to grow steadily, with a forecasted CAGR of 0.27% from 2024 to 2028. By 2028, production is expected to reach 525.35 thousand metric tons, reflecting a cumulative growth rate of 1.37% over this period.
Future trends to watch for include:
- Technological advancements in mining and sand processing.
- Changes in local and global demand for industrial sand and gravel.
- Environmental regulations and sustainability practices affecting the mining sector.
- Economic factors influencing industrial activities and infrastructure development.
