The import of Derricks, Cranes, Straddle Carriers, and Crane Trucks to Argentina is projected to continue its upward trajectory through to 2028. The values increase steadily from $107.29 million in 2024 to $117.26 million in 2028, indicating a consistent growth pattern. In 2023, the value of imports stood at an actual $104.52 million. The year-on-year growth rate specifics are encouraging, showcasing a progressive rise:
- 2024: 2.65% increase from 2023
- 2025: 2.39% increase from 2024
- 2026: 2.30% increase from 2025
- 2027: 2.20% increase from 2026
- 2028: 2.10% increase from 2027
Considering the Compound Annual Growth Rate (CAGR) over the five-year forecast period, the anticipated average annual growth is approximately 2.33%. This consistent upward trend indicates a robust demand and investment in lifting and handling equipment in Argentina.
Future trends to watch for include potential impacts from macroeconomic factors like exchange rates, regional political stability, and global economic conditions influencing Argentina's import capacity. Additionally, the adoption of advanced technology and automation in this equipment category may drive further market changes.
