The import of pocket, pen knives with folding blades to Argentina has displayed considerable fluctuations over the past decade. As of 2023, the value of imports stood at 3.2139 million USD. Observing year-on-year variations, the sector experienced notable peaks and troughs, such as a 29.84% increase in 2017 and a 24.14% decrease in 2018. In recent years, the growth has stabilized, with modest increases of 1.51% in 2022 and 1.45% in 2023. The compound annual growth rate (CAGR) over the last five years reported a positive trajectory, closing at 3.04% in 2023.
Future trends:
- Steady growth projected over the next five years with a CAGR of 1.14%.
- Technological advancements in product design and materials might drive further demand.
- Trade policies and economic conditions will remain crucial factors impacting import volumes and values.