The import of parts for diesel and semi-diesel engines to Argentina demonstrated significant volatility over the past decade, marked by periods of steep decline from 2013 to 2016, followed by moderate recovery and stabilization. In 2023, the import value stood at USD 330.7 million, reflecting a modest year-on-year increase of 1.36% from 2022. Over the last two years, the average variation per year has been around 1.04%. Moving forward, the forecasted compound annual growth rate (CAGR) for the next five years is relatively stable at 1.07%, reaching a value of approximately USD 353.91 million by 2028.
Future trends to watch for include potential impacts from global supply chain constraints, shifts in trade policies, particularly those impacting Argentina’s import regulations, and advancements in engine technology which could alter demand patterns for diesel engine parts.
