Between 2013 and 2023, Argentina's market size value per capita for natural magnesium carbonate and magnesium oxide decreased from $1.34 to $1.03. A notable peak was $1.48 in 2014, followed by gradual reductions and volatility, bottoming at $1.03 in 2023. The most recent two-year period, 2021 to 2023, showed a slight decline, with values sliding from $1.07 in 2021 to $1.03 in 2023, reflecting a year-on-year decrease of about 1.9% to 2.9%. The five-year compound annual growth rate stood at -0.3%, highlighting a declining trend in per capita value.
Looking forward, the market may face challenges due to economic fluctuations and potential shifts in global supply chains, which could impact production and import costs. Future trends to watch include advancements in eco-friendly production techniques and potential regulatory changes influencing market dynamics.
| # | 11 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.86 | 2023 | View data | ||
| 2 | 2 Italy | 2.88 | 2023 | View data | ||
| 3 | 3 France | 2.36 | 2023 | View data | ||
| 4 | 4 United Kingdom | 2.31 | 2023 | View data | ||
| 5 | 5 Belgium | 2.17 | 2023 | View data | ||
| 7 | 7 Switzerland | 1.35 | 2023 | View data | ||
| 8 | 8 Portugal | 1.17 | 2023 | View data | ||
| 9 | 9 Argentina | 1.03 | 2023 | |||
| 10 | 10 Colombia | 0.82 | 2023 | View data | ||
| 11 | 11 Peru | 0.45 | 2023 | View data | ||
